Inter & Co, Inc. (NASDAQ:INTR) Shares Gap Up - Should You Buy?

On a recent Friday, shares of Inter & Co, Inc. (NASDAQ:INTR) experienced a noticeable increase before the market opened. Just the day before, the stock closed at $4.04, only to open higher at $4.14. At the latest, Inter & Co, Inc. shares were trading at $4.16, with a total trading volume of 76,215 shares.

Wall Street Analysts Forecast Growth

In recent news, JPMorgan Chase & Co. updated their target price for Inter & Co, Inc., lowering it from $8.50 to $7.20, yet they maintained an "overweight" rating for the stock as of December 13th. According to MarketBeat.com, five investment analysts have given the stock a buy rating. The consensus rating from analysts is "Buy," with an average target price set at $7.30.

Inter & Co, Inc. Trading Up 4.0 %

The company has reported a debt-to-equity ratio of 0.01, and both the quick ratio and current ratio stand at 0.87. With a market capitalization of $1.82 billion, the stock has a price-to-earnings ratio of 12.00 and a beta value of 1.24. Its 50-day simple moving average is noted at $5.68, while the two-hundred day moving average is $6.30.

Institutional Inflows and Outflows

Recently, several institutional investors and hedge funds have made moves regarding Inter & Co, Inc. Geode Capital Management LLC significantly increased their stake by 436.9% during the last quarter, now holding 1,672,833 shares valued at $11,060,000 after acquiring an additional 1,361,258 shares. Also, the Public Employees Retirement System of Ohio purchased a new position valued at about $103,000 in the third quarter. Nomura Asset Management Co. Ltd. and State Street Corp. also increased their stakes, with State Street Corp. boosting its holdings by 254.0%, now owning 3,339,841 shares worth $22,243,000. Overall, hedge funds and other institutional investors hold 22.90% of the company's stock.

About Inter & Co, Inc.

Inter & Co, Inc. operates through its subsidiaries in various sectors, including banking, spending, investments, and insurance brokerage. The Banking & Spending division provides a range of services, such as checking accounts, loans, and credit card facilities.

Should You Invest $1,000 in Inter & Co, Inc. Right Now?

Before making any investment in Inter & Co, Inc., it is important to consider other options. MarketBeat monitors top analysts and their recommendations. Interestingly, while Inter & Co, Inc. holds a "Buy" rating from several analysts, there are five other stocks that analysts believe could provide better investment opportunities.

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