Inter & Co, Inc. (NASDAQ:INTR) Trading Down 4.3% – Time to Sell?

Inter & Co, Inc. (NASDAQ:INTR)’s stock price was down 4.3% on Wednesday . The stock traded as low as $5.33 and last traded at $5.34. Approximately 1,444,118 shares were traded during trading, an increase of 0% from the average daily volume of 1,441,250 shares. The stock had previously closed at $5.58.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. UBS Group raised their price target on Inter & Co, Inc. from $6.50 to $8.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. raised shares of Inter & Co, Inc. from a “neutral” rating to an “overweight” rating and increased their target price for the company from $7.50 to $8.50 in a research note on Wednesday, October 9th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $7.56.

Inter & Co, Inc. Trading Down 5.4 %

The stock has a fifty day moving average of $6.31 and a 200-day moving average of $6.50. The company has a market cap of $2.29 billion, a PE ratio of 15.09 and a beta of 1.52. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.87.

Institutional Trading of Inter & Co, Inc.

A number of large investors have recently made changes to their positions in the stock. Atom Investors LP bought a new stake in Inter & Co, Inc. during the 3rd quarter valued at about $71,000. Allspring Global Investments Holdings LLC purchased a new position in Inter & Co, Inc. during the 3rd quarter worth $91,000. Public Employees Retirement System of Ohio purchased a new position in Inter & Co, Inc. during the 3rd quarter worth $103,000. Walleye Capital LLC bought a new stake in Inter & Co, Inc. during the 3rd quarter valued at $162,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Inter & Co, Inc. in the 3rd quarter worth $163,000. 22.90% of the stock is owned by hedge funds and other institutional investors.

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.