Intercept Pharmaceuticals, Inc. (ICPT) Price Target Cut to $90.00
Intercept Pharmaceuticals, Inc. (NASDAQ:ICPT) had its target price cut by equities researchers at Laidlaw from $118.00 to $90.00 in a research note issued to investors on Friday. The firm currently has a “hold” rating on the biopharmaceutical company’s stock. Laidlaw’s price target would indicate a potential upside of 46.13% from the company’s current price.
ICPT has been the subject of a number of other research reports. Cowen and Company reissued an “outperform” rating and set a $232.00 price target on shares of Intercept Pharmaceuticals in a research report on Thursday, September 14th. BMO Capital Markets raised their price target on shares of Intercept Pharmaceuticals from $218.00 to $221.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 1st. BidaskClub raised shares of Intercept Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Cantor Fitzgerald reissued an “underweight” rating and set a $69.00 price target on shares of Intercept Pharmaceuticals in a research report on Wednesday, September 13th. Finally, Citigroup Inc. reissued a “neutral” rating and set a $150.00 price target on shares of Intercept Pharmaceuticals in a research report on Tuesday, September 19th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Intercept Pharmaceuticals presently has an average rating of “Hold” and an average price target of $174.93.
Intercept Pharmaceuticals (NASDAQ ICPT) opened at 61.59 on Friday. The stock’s market cap is $1.55 billion. Intercept Pharmaceuticals has a 52 week low of $60.97 and a 52 week high of $172.95. The company has a 50-day moving average of $106.75 and a 200-day moving average of $115.74.
Intercept Pharmaceuticals (NASDAQ:ICPT) last issued its quarterly earnings data on Monday, July 31st. The biopharmaceutical company reported ($3.46) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($3.62) by $0.16. Intercept Pharmaceuticals had a negative net margin of 543.35% and a negative return on equity of 135.24%. The company had revenue of $30.89 million during the quarter, compared to the consensus estimate of $27.50 million. During the same quarter last year, the company earned ($3.14) earnings per share. Intercept Pharmaceuticals’s revenue for the quarter was up 459.6% on a year-over-year basis. On average, analysts predict that Intercept Pharmaceuticals will post ($13.91) EPS for the current fiscal year.
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In other Intercept Pharmaceuticals news, insider Lisa Bright sold 253 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $111.31, for a total value of $28,161.43. Following the sale, the insider now directly owns 23,324 shares in the company, valued at $2,596,194.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO David Shapiro sold 1,250 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $117.43, for a total value of $146,787.50. Following the completion of the sale, the chief marketing officer now owns 45,812 shares in the company, valued at $5,379,703.16. The disclosure for this sale can be found here. Insiders sold 48,013 shares of company stock worth $6,198,747 over the last quarter. 9.20% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the business. WFG Advisors LP lifted its stake in Intercept Pharmaceuticals by 16.4% in the second quarter. WFG Advisors LP now owns 888 shares of the biopharmaceutical company’s stock valued at $108,000 after buying an additional 125 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Intercept Pharmaceuticals by 14.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,047 shares of the biopharmaceutical company’s stock valued at $118,000 after buying an additional 132 shares during the last quarter. US Bancorp DE bought a new stake in Intercept Pharmaceuticals in the first quarter valued at $130,000. IFP Advisors Inc lifted its stake in Intercept Pharmaceuticals by 128.1% in the second quarter. IFP Advisors Inc now owns 1,300 shares of the biopharmaceutical company’s stock valued at $157,000 after buying an additional 730 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in Intercept Pharmaceuticals in the first quarter valued at $170,000. Institutional investors 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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