Intercept Pharmaceuticals Insider Unloads $2,645,987 in Stock (ICPT)
Intercept Pharmaceuticals (NASDAQ:ICPT) Insider Daniel Paul Regan sold 8,124 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $325.70, for a total value of $2,645,986.80. Following the completion of the sale, the insider now directly owns 1,410 shares in the company, valued at approximately $459,237. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on ICPT. Analysts at FBR Capital Markets initiated coverage on shares of Intercept Pharmaceuticals in a research note on Friday. They set an “underperform” rating and a $172.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of Intercept Pharmaceuticals to a “hold” rating in a research note on Thursday. Finally, analysts at Nomura upgraded shares of Intercept Pharmaceuticals to a “positive” rating in a research note on Tuesday. They now have a $456.00 price target on the stock, up previously from $323.00. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $472.91.
Intercept Pharmaceuticals (NASDAQ:ICPT) traded down 3.93% on Friday, hitting $284.70. 586,794 shares of the company’s stock traded hands. Intercept Pharmaceuticals has a 52 week low of $42.41 and a 52 week high of $497.00. The stock’s 50-day moving average is $236.1 and its 200-day moving average is $291.9. The company’s market cap is $6.040 billion.
Intercept Pharmaceuticals (NASDAQ:ICPT) last released its earnings data on Monday, August 11th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by $0.67. The company had revenue of $405.40 million for the quarter, compared to the consensus estimate of $400.00 million. Analysts expect that Intercept Pharmaceuticals will post $-13.46 EPS for the current fiscal year.
Intercept Pharmaceuticals, Inc is a biopharmaceutical company focused on the development and commercialization of therapeutics to treat chronic liver diseases utilizing its bile acid chemistry.
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