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

Posted by Editorial Team on Jan 9th, 2025

Inter & Co, Inc. (NASDAQ:INTR – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $4.22, but opened at $4.38. Inter & Co, Inc. shares last traded at $4.38, with a volume of 238,066 shares traded.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut their price target 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 research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $7.30.

Get Our Latest Research Report on INTR

Inter & Co, Inc. Price Performance

The company has a 50 day moving average price of $5.04 and a 200 day moving average price of $6.15. The company has a market capitalization of $1.85 billion, a P/E ratio of 12.14 and a beta of 1.29. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On Inter & Co, Inc.

A number of hedge funds have recently added to or reduced their stakes in the stock. Atom Investors LP acquired a new stake in shares of Inter & Co, Inc. during the 3rd quarter worth $71,000. Allspring Global Investments Holdings LLC acquired a new position in Inter & Co, Inc. during the third quarter valued at approximately $91,000. Public Employees Retirement System of Ohio acquired a new position in shares of Inter & Co, Inc. during the 3rd quarter worth $103,000. Walleye Capital LLC bought a new stake in shares of Inter & Co, Inc. during the 3rd quarter worth $162,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Inter & Co, Inc. during the 3rd quarter worth $163,000. Institutional investors own 22.90% of the company’s stock.

About Inter & Co, Inc.

(Get Free Report)

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.