Inter & Co, Inc. (NASDAQ:INTR) Shares Down 5%

Inter & Co, Inc. (NASDAQ:INTR)’s stock price traded down 5% on Thursday . The stock traded as low as $6.62 and last traded at $6.67. 717,802 shares were traded during trading, a decline of 37% from the average session volume of 1,133,568 shares. The stock had previously closed at $7.02.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Itau BBA Securities upgraded Inter & Co, Inc. from a “market perform” rating to an “outperform” rating and set a $8.00 price objective on the stock in a report on Tuesday, May 21st. Citigroup assumed coverage on Inter & Co, Inc. in a report on Tuesday, June 25th. They set a “buy” rating and a $6.80 target price on the stock.

Inter & Co, Inc. Trading Down 0.7 %

The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.90 and a current ratio of 0.90. The business has a fifty day simple moving average of $6.24 and a 200 day simple moving average of $5.75. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 28.91 and a beta of 1.50.

Inter & Co, Inc. (NASDAQ:INTR) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Inter & Co, Inc. had a return on equity of 6.16% and a net margin of 7.38%. The firm had revenue of $332.84 million for the quarter. During the same period in the prior year, the company earned $0.01 earnings per share. As a group, research analysts expect that Inter & Co, Inc. will post 0.37 EPS for the current year.

Institutional Trading of Inter & Co, Inc.

A number of institutional investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new stake in shares of Inter & Co, Inc. during the 1st quarter valued at $346,000. Bayesian Capital Management LP bought a new stake in shares of Inter & Co, Inc. during the 1st quarter valued at $180,000. Quadrature Capital Ltd lifted its position in shares of Inter & Co, Inc. by 46.6% during the 1st quarter. Quadrature Capital Ltd now owns 101,888 shares of the company’s stock valued at $583,000 after acquiring an additional 32,370 shares during the period. WCM Investment Management LLC bought a new stake in shares of Inter & Co, Inc. during the 1st quarter valued at $14,762,000. Finally, Fourth Sail Capital LP bought a new stake in shares of Inter & Co, Inc. during the 1st quarter valued at $9,155,000. 22.90% of the stock is currently owned by institutional investors.

Inter & Co, Inc. Company Profile

Inter & Co, Inc, through its subsidiaries, engages in the banking and spending, investments, insurance brokerage businesses. The company's Banking & Spending segment offers banking products and services, including checking accounts, cards, deposits, loans and advances, and other services.