Intercept Pharmaceuticals Inc (ICPT) Receives “Outperform” Rating from Wedbush
Intercept Pharmaceuticals Inc (NASDAQ:ICPT)‘s stock had its “outperform” rating reissued by analysts at Wedbush in a research report issued on Friday. They presently have a $231.00 price target on the biopharmaceutical company’s stock. Wedbush’s target price points to a potential upside of 100.42% from the stock’s current price.
Other research analysts have also issued reports about the company. Citigroup Inc set a $240.00 price objective on Intercept Pharmaceuticals and gave the stock a “buy” rating in a research report on Tuesday, February 28th. Oppenheimer Holdings Inc. set a $200.00 price objective on Intercept Pharmaceuticals and gave the stock a “buy” rating in a research report on Saturday, February 11th. Cowen and Company reiterated a “buy” rating and issued a $225.00 price objective on shares of Intercept Pharmaceuticals in a research report on Monday, April 24th. Needham & Company LLC reiterated a “hold” rating on shares of Intercept Pharmaceuticals in a research report on Thursday, February 23rd. Finally, Laidlaw upgraded Intercept Pharmaceuticals from a “sell” rating to a “hold” rating and set a $115.00 price objective for the company in a research report on Friday, May 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $188.76.
Intercept Pharmaceuticals (NASDAQ:ICPT) opened at 115.26 on Friday. Intercept Pharmaceuticals has a 12-month low of $96.63 and a 12-month high of $177.93. The stock’s market cap is $2.88 billion. The company’s 50-day moving average price is $112.74 and its 200-day moving average price is $113.13.
Intercept Pharmaceuticals (NASDAQ:ICPT) last issued its quarterly earnings data on Thursday, May 4th. The biopharmaceutical company reported ($3.61) earnings per share for the quarter, topping the consensus estimate of ($4.27) by $0.66. The company had revenue of $21 million during the quarter, compared to analyst estimates of $15.88 million. Intercept Pharmaceuticals had a negative return on equity of 66.97% and a negative net margin of 3,287.95%. The firm’s revenue for the quarter was up 4566.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($5.17) earnings per share. On average, equities analysts expect that Intercept Pharmaceuticals will post ($14.65) EPS for the current fiscal year.
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In other Intercept Pharmaceuticals news, insider Lisa Bright sold 254 shares of the firm’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $119.48, for a total value of $30,347.92. Following the sale, the insider now directly owns 21,695 shares in the company, valued at $2,592,118.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO David Shapiro sold 558 shares of the firm’s stock in a transaction on Monday, April 10th. The shares were sold at an average price of $108.51, for a total value of $60,548.58. Following the completion of the sale, the chief marketing officer now owns 45,465 shares in the company, valued at $4,933,407.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,318 shares of company stock worth $375,832. 9.20% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of ICPT. WFG Advisors LP boosted its stake in Intercept Pharmaceuticals by 197.1% in the fourth quarter. WFG Advisors LP now owns 2,956 shares of the biopharmaceutical company’s stock worth $103,000 after buying an additional 1,961 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 worth $118,000 after buying an additional 132 shares during the period. US Bancorp DE purchased a new stake in Intercept Pharmaceuticals during the first quarter worth approximately $130,000. Quantbot Technologies LP purchased a new stake in Intercept Pharmaceuticals during the first quarter worth approximately $170,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in Intercept Pharmaceuticals by 39.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,630 shares of the biopharmaceutical company’s stock worth $178,000 after buying an additional 462 shares during the period. Institutional investors and hedge funds own 82.28% 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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