Inter & Co, Inc. (NASDAQ:INTR) Stock Price Down 2.9%

Inter & Co, Inc. (NASDAQ:INTR) traded down 2.9% on Thursday . The company traded as low as $7.37 and last traded at $7.38. 443,223 shares traded hands during trading, a decline of 64% from the average session volume of 1,229,954 shares. The stock had previously closed at $7.60.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Citigroup began coverage on shares of Inter & Co, Inc. in a research report on Tuesday, June 25th. They issued a “buy” rating and a $6.80 target price for the company. UBS Group increased their price objective on shares of Inter & Co, Inc. from $6.50 to $8.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Itau BBA Securities upgraded shares of Inter & Co, Inc. from a “market perform” rating to an “outperform” rating and set a $8.00 price objective on the stock in a research note on Tuesday, May 21st.

Inter & Co, Inc. Price Performance

The company has a 50 day moving average of $6.68 and a two-hundred day moving average of $6.08. The firm has a market cap of $3.15 billion, a P/E ratio of 33.04 and a beta of 1.50. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On Inter & Co, Inc.

Several large investors have recently made changes to their positions in INTR. Squarepoint Ops LLC raised its holdings in shares of Inter & Co, Inc. by 46.4% in the 2nd quarter. Squarepoint Ops LLC now owns 37,708 shares of the company’s stock worth $232,000 after purchasing an additional 11,949 shares in the last quarter. Jump Financial LLC increased its holdings in shares of Inter & Co, Inc. by 301.9% in the fourth quarter. Jump Financial LLC now owns 41,800 shares of the company’s stock valued at $232,000 after buying an additional 31,400 shares in the last quarter. Bayesian Capital Management LP bought a new position in shares of Inter & Co, Inc. in the first 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 last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Inter & Co, Inc. during the 1st quarter worth $346,000. Institutional investors own 22.90% of the company’s stock.

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.