Inter & Co, Inc. (NASDAQ:INTR) Issues Earnings Results, Beats Estimates By $0.04 EPS

Inter & Co, Inc. (NASDAQ:INTR – Get Rating) announced its quarterly earnings data on Tuesday. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04, Yahoo Finance reports. The company had revenue of $217.64 million for the quarter, compared to analysts’ expectations of $173.14 million.

Inter & Co, Inc. Trading Down 4.9 %

NASDAQ INTR opened at $1.55 on Thursday. The company has a 50 day moving average price of $2.22 and a two-hundred day moving average price of $2.67. Inter & Co, Inc. has a 12-month low of $1.53 and a 12-month high of $4.63.

Institutional Trading of Inter & Co, Inc.

A number of institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its stake in Inter & Co, Inc. by 289.1% in the fourth quarter. Jane Street Group LLC now owns 290,269 shares of the company’s stock valued at $607,000 after acquiring an additional 215,675 shares during the last quarter. Millennium Management LLC lifted its stake in Inter & Co, Inc. by 20.0% in the fourth quarter. Millennium Management LLC now owns 1,347,382 shares of the company’s stock valued at $3,193,000 after acquiring an additional 224,123 shares during the last quarter. Morgan Stanley lifted its stake in Inter & Co, Inc. by 396.3% in the fourth quarter. Morgan Stanley now owns 2,384,220 shares of the company’s stock valued at $5,651,000 after acquiring an additional 1,903,796 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Inter & Co, Inc. in the fourth quarter valued at approximately $140,000. Finally, Geode Capital Management LLC lifted its stake in Inter & Co, Inc. by 108.7% in the fourth quarter. Geode Capital Management LLC now owns 124,395 shares of the company’s stock valued at $294,000 after acquiring an additional 64,794 shares during the last quarter. 35.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

INTR has been the topic of a number of research analyst reports. Grupo Santander downgraded shares of Inter & Co, Inc. from an “outperform” rating to a “neutral” rating and set a $2.80 price objective on the stock. in a research report on Thursday, December 8th. The Goldman Sachs Group raised shares of Inter & Co, Inc. from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $4.60 to $4.20 in a research report on Tuesday, January 31st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $3.73.

Inter & Co, Inc. Company Profile

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Inter & Co, Inc, through its subsidiaries, engages in the banking, securities, insurance brokerage, marketplace, asset management, and services businesses. The company's Banking segment offers banking products and services, including checking accounts, cards, deposits, loans and advances, and other services.