Intercept Pharmaceuticals Inc (NASDAQ:ICPT) shares rose 3.5% during trading on Friday . The company traded as high as $72.40 and last traded at $73.21. Approximately 602,691 shares traded hands during trading, a decline of 33% from the average daily volume of 901,997 shares. The stock had previously closed at $70.76.
ICPT has been the subject of a number of research reports. ValuEngine upgraded Intercept Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research downgraded Intercept Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Wells Fargo reiterated a “market perform” rating and set a $57.00 target price (down from $62.00) on shares of Intercept Pharmaceuticals in a research report on Tuesday, February 13th. Oppenheimer reiterated a “hold” rating on shares of Intercept Pharmaceuticals in a research report on Monday, January 29th. Finally, Cantor Fitzgerald set a $58.00 target price on Intercept Pharmaceuticals and gave the company a “hold” rating in a research report on Wednesday, February 14th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $128.75.
The firm has a market cap of $1,620.11, a price-to-earnings ratio of -4.96 and a beta of -1.82. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 21.71.
Large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its holdings in Intercept Pharmaceuticals by 48.2% during the 3rd quarter. Legal & General Group Plc now owns 8,856 shares of the biopharmaceutical company’s stock valued at $514,000 after buying an additional 2,882 shares during the period. Peregrine Capital Management LLC purchased a new stake in Intercept Pharmaceuticals in the fourth quarter worth $7,055,000. Hudson Bay Capital Management LP purchased a new stake in Intercept Pharmaceuticals in the fourth quarter worth $1,753,000. State of Wisconsin Investment Board increased its stake in Intercept Pharmaceuticals by 221.0% in the fourth quarter. State of Wisconsin Investment Board now owns 11,689 shares of the biopharmaceutical company’s stock worth $683,000 after purchasing an additional 8,047 shares during the period. Finally, Spark Investment Management LLC increased its stake in Intercept Pharmaceuticals by 43.9% in the fourth quarter. Spark Investment Management LLC now owns 181,110 shares of the biopharmaceutical company’s stock worth $10,580,000 after purchasing an additional 55,210 shares during the period. Institutional investors own 74.27% 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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