JPMorgan Chase & Co. Lowers Inter & Co, Inc. (NASDAQ:INTR) Price Target to $7.10

Inter & Co, Inc. (NASDAQ:INTR) had its price target dropped by equities researchers at JPMorgan Chase & Co. from $7.20 to $7.10 in a report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 43.29% from the company’s current price.

Inter & Co, Inc. Stock Performance

INTR traded up $0.02 on Friday, hitting $4.96. The company had a trading volume of 429,447 shares, compared to its average volume of 1,806,300. Inter & Co, Inc. has a 1-year low of $3.88 and a 1-year high of $7.84. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 14.18 and a beta of 1.29. 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 company’s fifty day moving average price is $4.67 and its 200 day moving average price is $6.05.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of INTR. Atom Investors LP acquired a new stake in shares of Inter & Co, Inc. in the third quarter valued at about $71,000. Allspring Global Investments Holdings LLC acquired a new stake in Inter & Co, Inc. in the 3rd quarter valued at approximately $91,000. Public Employees Retirement System of Ohio bought a new position in Inter & Co, Inc. in the 3rd quarter worth approximately $103,000. Walleye Capital LLC acquired a new position in shares of Inter & Co, Inc. during the third quarter worth approximately $162,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Inter & Co, Inc. during the third quarter worth approximately $163,000. Institutional investors and hedge funds own 22.90% of the company’s stock.

About Inter & Co, Inc.

Inter & Co, Inc Is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Banking, Securities, Insurance Brokerage, Marketplace, Asset Management, Service, and Other. The Banking segment offers checking accounts cards, deposits, loans and advances, and other services through mobile application.