Intercept Pharmaceuticals, Inc. (ICPT) Receives Average Rating of “Buy” from Brokerages
Shares of Intercept Pharmaceuticals, Inc. (NASDAQ:ICPT) have earned an average rating of “Buy” from the twenty brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $188.67.
Several brokerages recently issued reports on ICPT. Cantor Fitzgerald reaffirmed an “underweight” rating and set a $69.00 price objective (up from $60.00) on shares of Intercept Pharmaceuticals in a report on Tuesday, August 8th. BidaskClub cut Intercept Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Laidlaw reaffirmed a “hold” rating and set a $119.00 price objective (up from $115.00) on shares of Intercept Pharmaceuticals in a report on Tuesday, August 1st. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Intercept Pharmaceuticals in a report on Tuesday, August 1st. Finally, BMO Capital Markets lifted their price objective on Intercept Pharmaceuticals from $218.00 to $221.00 and gave the stock an “outperform” rating in a report on Tuesday, August 1st.
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Intercept Pharmaceuticals (NASDAQ:ICPT) opened at 104.19 on Friday. The firm’s market capitalization is $2.62 billion. The stock’s 50 day moving average price is $118.27 and its 200 day moving average price is $117.70. Intercept Pharmaceuticals has a 52 week low of $96.63 and a 52 week high of $172.95.
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, topping the consensus estimate 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%. Intercept Pharmaceuticals’s revenue was up 459.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($3.14) earnings per share. On average, equities analysts expect that Intercept Pharmaceuticals will post ($14.05) EPS for the current year.
In related news, insider Lisa Bright sold 698 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $110.73, for a total value of $77,289.54. Following the completion of the transaction, the insider now directly owns 24,711 shares in the company, valued at $2,736,249.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Pruzanski sold 40,000 shares of the company’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $130.80, for a total value of $5,232,000.00. Following the completion of the transaction, the chief executive officer now owns 611,718 shares of the company’s stock, valued at $80,012,714.40. The disclosure for this sale can be found here. Insiders sold 47,462 shares of company stock valued at $6,130,938 over the last quarter. Insiders own 9.20% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in ICPT. Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 acquired a new position in Intercept Pharmaceuticals during the first quarter valued at approximately $130,000. IFP Advisors Inc raised its position 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. Quantbot Technologies LP acquired a new position in Intercept Pharmaceuticals during the first quarter valued at approximately $170,000. Finally, Pacer Advisors Inc. raised its position in Intercept Pharmaceuticals by 21.6% in the first quarter. Pacer Advisors Inc. now owns 1,861 shares of the biopharmaceutical company’s stock valued at $210,000 after buying an additional 330 shares during the last quarter. Hedge funds and other institutional investors own 83.05% 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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