Inter & Co, Inc. (NASDAQ:INTR) Shares Gap Down – Time to Sell?

Inter & Co, Inc. (NASDAQ:INTR) gapped down before the market opened on Monday . The stock had previously closed at $4.36, but opened at $4.26. Inter & Co, Inc. shares last traded at $4.20, with a volume of 409,786 shares trading hands.

Analysts Set New Price Targets

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

Inter & Co, Inc. Stock Performance

The stock has a 50-day simple moving average of $5.59 and a two-hundred day simple moving average of $6.29. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $1.83 billion, a PE ratio of 12.03 and a beta of 1.24.

Institutional Trading of Inter & Co, Inc.

Several large investors have recently added to or reduced their stakes in the business. State Street Corp grew its stake in shares of Inter & Co, Inc. by 254.0% during the 3rd quarter. State Street Corp now owns 3,339,841 shares of the company’s stock valued at $22,243,000 after acquiring an additional 2,396,448 shares during the period. Millennium Management LLC increased its stake in Inter & Co, Inc. by 70.7% in the 2nd quarter. Millennium Management LLC now owns 4,512,367 shares of the company’s stock worth $27,751,000 after acquiring an additional 1,868,527 shares during the last quarter. Fourth Sail Capital LP bought a new position in Inter & Co, Inc. during the third quarter valued at $9,313,000. Marshall Wace LLP raised its position in shares of Inter & Co, Inc. by 152.9% during the 2nd quarter. Marshall Wace LLP now owns 2,309,503 shares of the company’s stock valued at $14,203,000 after buying an additional 1,396,317 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Inter & Co, Inc. by 436.9% during the third quarter. Geode Capital Management LLC now owns 1,672,833 shares of the company’s stock worth $11,060,000 after acquiring an additional 1,361,258 shares during the last quarter. 22.90% of the stock is currently owned by 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.