Inter & Co, Inc. (NASDAQ:INTR) Trading Down 3.1% – What’s Next?

Inter & Co, Inc. (NASDAQ:INTR)’s stock price fell 3.1% during mid-day trading on Thursday . The stock traded as low as $4.05 and last traded at $4.09. 258,427 shares were traded during mid-day trading, a decline of 83% from the average session volume of 1,525,409 shares. The stock had previously closed at $4.22.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their target price on Inter & Co, Inc. from $8.50 to $7.20 and set an “overweight” rating for the company in a report on Friday, December 13th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Inter & Co, Inc. currently has an average rating of “Buy” and an average price target of $7.30.

Inter & Co, Inc. Trading Down 1.7 %

The company’s 50 day simple moving average is $5.27 and its 200-day simple moving average is $6.21. The firm has a market cap of $1.80 billion, a P/E ratio of 11.86 and a beta of 1.24. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On Inter & Co, Inc.

A number of large investors have recently bought and sold shares of the business. Samlyn Capital LLC lifted its position in shares of Inter & Co, Inc. by 4.1% during the second quarter. Samlyn Capital LLC now owns 4,994,031 shares of the company’s stock worth $30,713,000 after purchasing an additional 196,355 shares during the last quarter. Millennium Management LLC boosted its position in Inter & Co, Inc. by 70.7% in the 2nd quarter. Millennium Management LLC now owns 4,512,367 shares of the company’s stock valued at $27,751,000 after buying an additional 1,868,527 shares during the period. State Street Corp grew its stake in Inter & Co, Inc. by 254.0% in the 3rd quarter. State Street Corp now owns 3,339,841 shares of the company’s stock worth $22,243,000 after acquiring an additional 2,396,448 shares in the last quarter. Marshall Wace LLP increased its position in shares of Inter & Co, Inc. by 152.9% during the second quarter. Marshall Wace LLP now owns 2,309,503 shares of the company’s stock worth $14,203,000 after acquiring an additional 1,396,317 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Inter & Co, Inc. by 436.9% during the third quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company’s stock valued at $11,060,000 after acquiring an additional 1,361,258 shares in the last quarter. Hedge funds and other 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.