Inter & Co, Inc. (NASDAQ:INTR) Stock Price Down 9.7%

Inter & Co, Inc. (NASDAQ:INTRGet Rating)’s stock price was down 9.7% on Friday . The stock traded as low as 4.00 and last traded at 4.00. Approximately 10,062 shares were traded during trading, a decline of 98% from the average daily volume of 420,934 shares. The stock had previously closed at 4.43.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. UBS Group initiated coverage on shares of Inter & Co, Inc. in a research note on Thursday, June 30th. They set a “buy” rating for the company. Citigroup downgraded Inter & Co, Inc. to a “neutral” rating and raised their price objective for the stock from $2.32 to $3.60 in a research report on Tuesday, July 26th. The Goldman Sachs Group raised shares of Inter & Co, Inc. from a “sell” rating to a “neutral” rating and increased their target price for the company from $3.90 to $5.00 in a research report on Tuesday, September 6th. Finally, New Street Research assumed coverage on shares of Inter & Co, Inc. in a research report on Wednesday, July 6th. They set a “neutral” rating and a $4.30 price objective for the company.

Inter & Co, Inc. Price Performance

The business’s 50 day moving average is 3.65.

Hedge Funds Weigh In On Inter & Co, Inc.

An institutional investor recently bought a new position in Inter & Co, Inc. stock. Jane Street Group LLC acquired a new stake in Inter & Co, Inc. (NASDAQ:INTRGet Rating) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 131,296 shares of the company’s stock, valued at approximately $349,000. Jane Street Group LLC owned 0.06% of Inter & Co, Inc. as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 30.39% of the company’s stock.

Inter & Co, Inc. Company Profile

(Get Rating)

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.

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