BidaskClub Lowers Intercept Pharmaceuticals (ICPT) to Sell
BidaskClub downgraded shares of Intercept Pharmaceuticals (NASDAQ:ICPT) from a hold rating to a sell rating in a research note published on Thursday morning.
A number of other equities analysts have also weighed in on the stock. ValuEngine raised shares of Intercept Pharmaceuticals from a strong sell rating to a sell rating in a research report on Friday, December 1st. Leerink Swann reaffirmed a hold rating and set a $60.00 price target on shares of Intercept Pharmaceuticals in a research report on Tuesday, November 28th. Wedbush reaffirmed a buy rating and set a $253.00 price target on shares of Intercept Pharmaceuticals in a research report on Monday, November 20th. Needham & Company LLC reaffirmed a hold rating on shares of Intercept Pharmaceuticals in a research report on Wednesday, November 1st. Finally, Cowen reaffirmed a buy rating and set a $112.00 price target on shares of Intercept Pharmaceuticals in a research report on Wednesday, November 1st. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $144.13.
Intercept Pharmaceuticals (ICPT) traded up $0.22 during trading hours on Thursday, hitting $61.68. 487,934 shares of the stock were exchanged, compared to its average volume of 649,426. The company has a quick ratio of 5.95, a current ratio of 5.95 and a debt-to-equity ratio of 3.15. Intercept Pharmaceuticals has a twelve month low of $54.98 and a twelve month high of $135.59.
Intercept Pharmaceuticals (NASDAQ:ICPT) last posted its quarterly earnings data on Wednesday, November 1st. The biopharmaceutical company reported ($2.89) earnings per share for the quarter, beating analysts’ consensus estimates of ($3.48) by $0.59. The business had revenue of $41.33 million during the quarter, compared to analyst estimates of $36.95 million. Intercept Pharmaceuticals had a negative net margin of 344.74% and a negative return on equity of 176.51%. The company’s revenue was up 697.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($3.59) earnings per share. research analysts anticipate that Intercept Pharmaceuticals will post -13.35 earnings per share for the current fiscal year.
In other news, CEO Mark Pruzanski sold 1,532 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $58.87, for a total value of $90,188.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 2,566 shares of company stock valued at $151,025 over the last 90 days. Insiders own 9.20% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Sphera Funds Management LTD. boosted its stake in Intercept Pharmaceuticals by 100.0% during the 2nd quarter. Sphera Funds Management LTD. now owns 30,000 shares of the biopharmaceutical company’s stock valued at $3,632,000 after acquiring an additional 15,000 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Intercept Pharmaceuticals by 4.5% during the second quarter. Vanguard Group Inc. now owns 1,328,133 shares of the biopharmaceutical company’s stock worth $160,797,000 after purchasing an additional 57,149 shares during the period. Dynamic Technology Lab Private Ltd raised its holdings in shares of Intercept Pharmaceuticals by 85.6% during the second quarter. Dynamic Technology Lab Private Ltd now owns 6,798 shares of the biopharmaceutical company’s stock worth $824,000 after purchasing an additional 3,136 shares during the period. Asymmetry Capital Management L.P. acquired a new stake in shares of Intercept Pharmaceuticals during the second quarter worth $3,580,000. Finally, Senvest Management LLC acquired a new stake in shares of Intercept Pharmaceuticals during the third quarter worth $33,883,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.
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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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