Inter & Co, Inc. (NASDAQ:INTR) Shares Gap Up – Here’s What Happened

Inter & Co, Inc. (NASDAQ:INTR) shares gapped up before the market opened on Friday . The stock had previously closed at $4.04, but opened at $4.14. Inter & Co, Inc. shares last traded at $4.16, with a volume of 76,215 shares trading hands.

Analyst Upgrades and Downgrades

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

Inter & Co, Inc. Stock Up 4.0 %

The company has a market cap of $1.82 billion, a P/E ratio of 12.00 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. The firm has a fifty day moving average price of $5.68 and a 200 day moving average price of $6.30.

Institutional Investors Weigh In On Inter & Co, Inc.

A number of institutional investors have recently made changes to their positions in the stock. Atom Investors LP bought a new position in Inter & Co, Inc. during the third quarter worth about $71,000. Squarepoint Ops LLC raised its position 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 valued at $232,000 after acquiring an additional 11,949 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Inter & Co, Inc. during the 3rd quarter worth approximately $91,000. Public Employees Retirement System of Ohio acquired a new position in Inter & Co, Inc. during the third quarter valued at approximately $103,000. Finally, Walleye Capital LLC acquired a new position in Inter & Co, Inc. during the third quarter valued at approximately $162,000. 22.90% of the stock is owned by institutional investors and hedge funds.

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.