Intercept Pharmaceuticals, Inc. (ICPT) Receives “Outperform” Rating from Wells Fargo & Company
A number of other analysts have also recently commented on ICPT. Wedbush reissued an outperform rating and issued a $253.00 price target on shares of Intercept Pharmaceuticals in a research note on Friday, August 25th. Credit Suisse Group set a $201.00 price target on Intercept Pharmaceuticals and gave the stock a buy rating in a research note on Saturday, June 3rd. Cantor Fitzgerald reissued an underweight rating and issued a $69.00 price target (up from $60.00) on shares of Intercept Pharmaceuticals in a research note on Monday, July 31st. ValuEngine raised Intercept Pharmaceuticals from a strong sell rating to a sell rating in a research note on Friday, June 2nd. Finally, BidaskClub lowered Intercept Pharmaceuticals from a buy rating to a hold rating in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $207.75.
Intercept Pharmaceuticals (NASDAQ:ICPT) opened at 94.88 on Wednesday. Intercept Pharmaceuticals has a 52-week low of $85.88 and a 52-week high of $172.95. The firm’s market cap is $2.38 billion. The firm has a 50-day moving average of $108.47 and a 200-day moving average of $116.36.
Intercept Pharmaceuticals (NASDAQ:ICPT) last posted its quarterly earnings data on Monday, July 31st. The biopharmaceutical company reported ($3.46) EPS for the quarter, topping analysts’ consensus estimates of ($3.62) by $0.16. The firm had revenue of $30.89 million during the quarter, compared to analysts’ expectations of $27.50 million. Intercept Pharmaceuticals had a negative return on equity of 135.24% and a negative net margin of 543.35%. The firm’s quarterly revenue was up 459.6% compared to the same quarter last year. During the same quarter last year, the business posted ($3.14) EPS. Equities analysts anticipate that Intercept Pharmaceuticals will post ($14.06) EPS for the current year.
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In related news, Director Daniel G. Welch sold 217 shares of the firm’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $126.76, for a total transaction of $27,506.92. Following the sale, the director now directly owns 3,710 shares in the company, valued at approximately $470,279.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Lisa Bright sold 394 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $121.33, for a total value of $47,804.02. Following the sale, the insider now owns 23,619 shares in the company, valued at $2,865,693.27. The disclosure for this sale can be found here. Insiders sold a total of 48,013 shares of company stock worth $6,198,747 over the last ninety days. Corporate insiders own 9.20% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. raised its holdings in shares of Intercept Pharmaceuticals by 9.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 2,152 shares of the biopharmaceutical company’s stock valued at $244,000 after buying an additional 178 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Intercept Pharmaceuticals during the 1st quarter valued at about $414,000. Geode Capital Management LLC raised its holdings in shares of Intercept Pharmaceuticals by 12.8% during the 1st quarter. Geode Capital Management LLC now owns 144,130 shares of the biopharmaceutical company’s stock valued at $16,301,000 after buying an additional 16,392 shares during the period. Sphera Funds Management LTD. raised its holdings in shares of Intercept Pharmaceuticals by 100.0% during the 2nd quarter. Sphera Funds Management LTD. now owns 30,000 shares of the biopharmaceutical company’s stock valued at $3,632,000 after buying an additional 15,000 shares during the period. Finally, Van ECK Associates Corp raised its holdings in shares of Intercept Pharmaceuticals by 9.2% during the 1st quarter. Van ECK Associates Corp now owns 25,550 shares of the biopharmaceutical company’s stock valued at $2,890,000 after buying an additional 2,161 shares during the period. Institutional investors and hedge funds own 82.19% of the company’s stock.
Intercept Pharmaceuticals Company Profile
Intercept Pharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of therapeutics to treat non-viral, progressive liver diseases. The Company’s product candidates have the potential to treat orphan and more prevalent diseases for which there are limited therapeutic solutions.
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