Intercept Pharmaceuticals, Inc. (ICPT) CFO Sells $20,825.82 in Stock
Intercept Pharmaceuticals, Inc. (NASDAQ:ICPT) CFO Sandip Kapadia sold 354 shares of Intercept Pharmaceuticals stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $58.83, for a total value of $20,825.82. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Intercept Pharmaceuticals, Inc. (NASDAQ:ICPT) traded up 4.52% during midday trading on Wednesday, hitting $68.73. The stock had a trading volume of 1,847,081 shares. The stock has a 50 day moving average price of $94.11 and a 200-day moving average price of $111.08. Intercept Pharmaceuticals, Inc. has a 52 week low of $54.98 and a 52 week high of $156.65. The stock’s market capitalization is $1.73 billion.
Intercept Pharmaceuticals (NASDAQ:ICPT) last announced its quarterly earnings data on Monday, July 31st. The biopharmaceutical company reported ($3.46) EPS for the quarter, beating the Zacks’ consensus estimate of ($3.62) by $0.16. The firm had revenue of $30.89 million for the quarter, compared to analyst estimates of $27.50 million. Intercept Pharmaceuticals had a negative return on equity of 135.24% and a negative net margin of 543.35%. The business’s quarterly revenue was up 459.6% compared to the same quarter last year. During the same period last year, the company earned ($3.14) EPS. Equities research analysts anticipate that Intercept Pharmaceuticals, Inc. will post ($13.99) earnings per share for the current year.
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Several brokerages have weighed in on ICPT. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Intercept Pharmaceuticals in a research note on Wednesday. JMP Securities downgraded Intercept Pharmaceuticals from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Credit Suisse Group reaffirmed an “outperform” rating and set a $201.00 target price on shares of Intercept Pharmaceuticals in a research note on Tuesday, September 26th. Jefferies Group LLC reaffirmed a “buy” rating and set a $135.00 target price (down previously from $275.00) on shares of Intercept Pharmaceuticals in a research note on Tuesday, September 26th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Intercept Pharmaceuticals in a research note on Tuesday, September 26th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $162.88.
Hedge funds have recently bought and sold shares of the company. WFG Advisors LP lifted its stake in shares of Intercept Pharmaceuticals by 16.4% in the 2nd quarter. WFG Advisors LP now owns 888 shares of the biopharmaceutical company’s stock valued at $108,000 after purchasing an additional 125 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Intercept Pharmaceuticals by 14.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,047 shares of the biopharmaceutical company’s stock valued at $118,000 after purchasing an additional 132 shares during the period. US Bancorp DE acquired a new position in shares of Intercept Pharmaceuticals in the 1st quarter valued at $130,000. IFP Advisors Inc lifted its stake in shares of Intercept Pharmaceuticals by 128.1% in the 2nd quarter. IFP Advisors Inc now owns 1,300 shares of the biopharmaceutical company’s stock valued at $157,000 after purchasing an additional 730 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Intercept Pharmaceuticals in the 1st quarter valued at $170,000. 82.19% of the stock is currently owned by institutional investors.
About Intercept Pharmaceuticals
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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