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

Inter & Co, Inc. (NASDAQ:INTR)’s share price 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.

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 for the company in a research report on Friday, December 13th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Inter & Co, Inc. currently has an average rating of “Buy” and a consensus price target of $7.30.

Inter & Co, Inc. Price Performance

The firm has a market cap of $1.81 billion, a PE ratio of 11.91 and a beta of 1.24. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a 50-day simple moving average of $5.64 and a 200 day simple moving average of $6.30.

Hedge Funds Weigh In On Inter & Co, Inc.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in shares of 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 valued at $11,060,000 after buying an additional 1,361,258 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Inter & Co, Inc. in the third quarter worth $103,000. Nomura Asset Management Co. Ltd. purchased a new position in shares of Inter & Co, Inc. in the third quarter worth $180,000. State Street Corp raised its position in Inter & Co, Inc. by 254.0% in the 3rd quarter. State Street Corp now owns 3,339,841 shares of the company’s stock worth $22,243,000 after buying an additional 2,396,448 shares during the last quarter. Finally, Atom Investors LP bought a new stake in shares of Inter & Co, Inc. in the third quarter worth approximately $71,000. 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.