Inter & Co, Inc. (NASDAQ:INTR) PT Raised to $8.00

Inter & Co, Inc. (NASDAQ:INTR) had its price target increased by UBS Group from $6.50 to $8.00 in a report published on Friday, Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Citigroup started coverage on shares of Inter & Co, Inc. in a report on Tuesday, June 25th. They set a buy rating and a $6.80 target price on the stock. 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 research note on Tuesday, May 21st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Inter & Co, Inc. has an average rating of Buy and a consensus price target of $6.96.

Inter & Co, Inc. Price Performance

Inter & Co, Inc. stock opened at $6.87 on Friday. The business’s 50 day simple moving average is $6.25 and its 200 day simple moving average is $5.87. Inter & Co, Inc. has a 12 month low of $3.52 and a 12 month high of $7.11. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 29.87 and a beta of 1.50. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On Inter & Co, Inc.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bayesian Capital Management LP purchased a new position in shares of Inter & Co, Inc. during the first quarter worth approximately $180,000. Jump Financial LLC raised its position in Inter & Co, Inc. by 301.9% in the 4th quarter. Jump Financial LLC now owns 41,800 shares of the company’s stock worth $232,000 after purchasing an additional 31,400 shares during the period. Virtu Financial LLC bought a new stake in Inter & Co, Inc. in the first quarter worth $346,000. Quadrature Capital Ltd boosted its position in Inter & Co, Inc. by 496.8% during the fourth quarter. Quadrature Capital Ltd now owns 69,518 shares of the company’s stock valued at $387,000 after buying an additional 57,870 shares during the period. Finally, Axxcess Wealth Management LLC bought a new position in shares of Inter & Co, Inc. during the fourth quarter valued at about $550,000. Hedge funds and other institutional investors own 22.90% of the company’s stock.

About Inter & Co, Inc.

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.