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

Inter & Co, Inc. (NASDAQ:INTR) saw its stock price increase before the market opened on Friday, with shares rising from a previous close of $4.04 to an opening price of $4.14. As trading continued, Inter & Co, Inc. shares were last recorded at $4.16, with trading volume reaching 76,215 shares.

Wall Street Analysts Forecast Growth

In the latest market updates, JPMorgan Chase & Co. has adjusted its target price for Inter & Co, Inc. from $8.50 down to $7.20 while maintaining an "overweight" rating for the stock. According to MarketBeat.com, five investment analysts currently recommend the stock as a buy, leading to a consensus rating of "Buy" with an average target price set at $7.30.

Inter & Co, Inc. Trading Up 4.0 %

The financial health of the company indicates a debt-to-equity ratio of 0.01, alongside a quick ratio and current ratio both at 0.87. Inter & Co, Inc. boasts a market capitalization of $1.82 billion, a price-to-earnings ratio of 12.00, and a beta of 1.24. Furthermore, its 50-day and 200-day simple moving averages are noted as $5.68 and $6.30, respectively.

Institutional Inflows and Outflows

Recently, a number of institutional investors and hedge funds have been active within the stock. Geode Capital Management LLC significantly increased its stake by 436.9% in the third quarter, now holding 1,672,833 shares valued at $11,060,000 after acquiring an additional 1,361,258 shares in the prior quarter. Additionally, the Public Employees Retirement System of Ohio made a new investment with a value of approximately $103,000 in the third quarter. Nomura Asset Management Co. Ltd. and State Street Corp. also posted new positions and increased their investments significantly during the same period. In total, institutional investors control about 22.90% of Inter & Co, Inc.'s shares.

About Inter & Co, Inc.

Inter & Co, Inc. operates through its subsidiaries, focusing on banking, spending, investments, and insurance brokerage services. The Banking & Spending segment provides a range of financial products, including checking accounts, credit cards, loans, and more.

Investment Considerations

Potential investors should carefully evaluate whether to invest in Inter & Co, Inc. right now. There are insights from top financial analysts and research firms that have indicated alternative stock options might yield better returns than Inter & Co, Inc. While it currently bears a "Buy" rating, several analysts have identified five stocks that they believe present superior investment opportunities.

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