In a report released today, Liana Moussatos from Wedbush maintained a Buy rating on Intercept Pharma (NASDAQ: ICPT), with a price target of $203. The company’s shares opened today at $84.26.
According to TipRanks.com, Moussatos is a 4-star analyst with an average return of 9.6% and a 44.3% success rate. Moussatos covers the Healthcare sector, focusing on stocks such as Allena Pharmaceuticals Inc, Catabasis Pharmaceuticals, and Global Blood Therapeutics.
Intercept Pharma has an analyst consensus of Moderate Buy, with a price target consensus of $124.40.
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Based on Intercept Pharma’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $81.59 million. In comparison, last year the company had a GAAP net loss of $89.93 million.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ICPT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Intercept Pharmaceuticals, Inc. is a biopharmaceutical company, which engages in the research, development, and commercialization of novel therapeutics in treating chronic liver diseases. Its product pipeline is OCALIVA which is used for the treatment of primary biliary cholangitis, nonalcoholic steatohepatitis, primary sclerosing cholangitis, and biliary atresia. The company was founded by Mark E. Pruzanski and Roberto Pellicciari on September 4, 2002 and is headquartered in New York, NY.
