Intercept Pharmaceuticals (ICPT) Rating Reiterated by Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Intercept Pharmaceuticals (NASDAQ:ICPT) in a research report report published on Wednesday morning.

Other equities analysts have also recently issued research reports about the stock. Wedbush reissued a buy rating and set a $253.00 target price on shares of Intercept Pharmaceuticals in a research report on Friday, December 22nd. Oppenheimer reissued a hold rating on shares of Intercept Pharmaceuticals in a research report on Thursday, February 15th. Citigroup set a $74.00 target price on shares of Intercept Pharmaceuticals and gave the stock a hold rating in a research report on Thursday, December 21st. ValuEngine cut shares of Intercept Pharmaceuticals from a sell rating to a strong sell rating in a research report on Friday, February 2nd. Finally, BMO Capital Markets lifted their target price on shares of Intercept Pharmaceuticals from $152.00 to $155.00 and gave the stock an outperform rating in a research report on Thursday, February 15th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $128.75.

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Intercept Pharmaceuticals stock opened at $61.52 on Wednesday. Intercept Pharmaceuticals has a 52 week low of $51.05 and a 52 week high of $135.59. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 21.71. The company has a market cap of $1,548.64, a price-to-earnings ratio of -4.28 and a beta of -1.92.

Intercept Pharmaceuticals (NASDAQ:ICPT) last posted its earnings results on Wednesday, February 14th. The biopharmaceutical company reported ($4.43) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($3.39) by ($1.04). Intercept Pharmaceuticals had a negative return on equity of 267.95% and a negative net margin of 275.18%. The firm had revenue of $37.69 million for the quarter, compared to the consensus estimate of $39.01 million. During the same period in the prior year, the business earned ($4.84) EPS. Intercept Pharmaceuticals’s quarterly revenue was up 173.1% compared to the same quarter last year. sell-side analysts expect that Intercept Pharmaceuticals will post -12.6 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in ICPT. Senvest Management LLC purchased a new position in Intercept Pharmaceuticals in the 3rd quarter valued at approximately $33,883,000. First Trust Advisors LP grew its stake in Intercept Pharmaceuticals by 101.5% in the 4th quarter. First Trust Advisors LP now owns 605,454 shares of the biopharmaceutical company’s stock valued at $35,371,000 after buying an additional 304,999 shares in the last quarter. Pinnacle Associates Ltd. purchased a new position in Intercept Pharmaceuticals in the 4th quarter valued at approximately $12,577,000. Sarissa Capital Management LP purchased a new position in Intercept Pharmaceuticals in the 4th quarter valued at approximately $10,649,000. Finally, Emerald Advisers Inc. PA purchased a new position in Intercept Pharmaceuticals in the 4th quarter valued at approximately $9,497,000. Institutional investors and hedge funds own 74.27% of the company’s stock.

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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.

Analyst Recommendations for Intercept Pharmaceuticals (NASDAQ:ICPT)

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