Inter & Co, Inc. (NASDAQ:INTR) Reaches New 52-Week High at $5.89

Inter & Co, Inc. (NASDAQ:INTR) reached a new 52-week high during trading on Tuesday . The company traded as high as $5.89 and last traded at $5.86, with a volume of 16439 shares trading hands. The stock had previously closed at $5.69.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Citigroup raised Inter & Co, Inc. from a “neutral” rating to a “buy” rating and increased their price target for the company from $2.00 to $5.30 in a research report on Wednesday, August 16th. The Goldman Sachs Group boosted their price target on shares of Inter & Co, Inc. from $5.00 to $5.70 and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, HSBC raised their price objective on shares of Inter & Co, Inc. from $4.50 to $5.50 and gave the stock a “buy” rating in a report on Tuesday, August 15th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $4.46.

Inter & Co, Inc. Price Performance

The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.37 billion, a PE ratio of 63.22 and a beta of 1.45. The business has a 50-day moving average price of $4.43 and a 200 day moving average price of $3.71.

Inter & Co, Inc. (NASDAQ:INTR) last announced its quarterly earnings results on Friday, November 10th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. Inter & Co, Inc. had a return on equity of 2.57% and a net margin of 3.37%. The company had revenue of $318.41 million during the quarter, compared to analysts’ expectations of $222.90 million. During the same period in the previous year, the business earned ($0.01) earnings per share. As a group, research analysts forecast that Inter & Co, Inc. will post 0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in INTR. Osaic Holdings Inc. increased its position in shares of Inter & Co, Inc. by 42.4% in the second quarter. Osaic Holdings Inc. now owns 15,184 shares of the company’s stock worth $48,000 after purchasing an additional 4,518 shares during the last quarter. Jump Financial LLC bought a new position in shares of Inter & Co, Inc. in the 3rd quarter worth $42,000. Quadrature Capital Ltd purchased a new stake in shares of Inter & Co, Inc. during the 3rd quarter valued at $47,000. First Trust Direct Indexing L.P. purchased a new stake in shares of Inter & Co, Inc. during the 3rd quarter valued at $50,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Inter & Co, Inc. by 23.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 72,256 shares of the company’s stock worth $226,000 after acquiring an additional 13,690 shares during the last quarter. Institutional investors own 18.91% of the company’s stock.

About Inter & Co, Inc.

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