BidaskClub Upgrades Intra-Cellular Therapies (ITCI) to “Sell”

Intra-Cellular Therapies (NASDAQ:ITCI) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

Several other analysts also recently weighed in on ITCI. Royal Bank of Canada began coverage on shares of Intra-Cellular Therapies in a research report on Thursday, February 8th. They set an “outperform” rating and a $33.00 price objective for the company. Zacks Investment Research downgraded shares of Intra-Cellular Therapies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. ValuEngine downgraded shares of Intra-Cellular Therapies from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Canaccord Genuity began coverage on shares of Intra-Cellular Therapies in a research report on Friday, December 15th. They set a “buy” rating and a $31.00 price objective for the company. Finally, SunTrust Banks upgraded shares of Intra-Cellular Therapies from a “hold” rating to a “buy” rating in a research report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $26.70.

Shares of Intra-Cellular Therapies (ITCI) opened at $19.19 on Tuesday. The firm has a market cap of $1,050.00, a P/E ratio of -8.76 and a beta of 0.87. Intra-Cellular Therapies has a 12-month low of $7.85 and a 12-month high of $22.67.

In other news, Director Richard A. Lerner sold 7,000 shares of Intra-Cellular Therapies stock in a transaction on Monday, December 11th. The shares were sold at an average price of $15.09, for a total value of $105,630.00. Following the transaction, the director now directly owns 8,621 shares of the company’s stock, valued at approximately $130,090.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael Halstead sold 25,500 shares of Intra-Cellular Therapies stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $18.03, for a total transaction of $459,765.00. Following the completion of the transaction, the senior vice president now directly owns 191 shares in the company, valued at $3,443.73. The disclosure for this sale can be found here. Insiders sold a total of 56,160 shares of company stock worth $966,934 over the last ninety days. Corporate insiders own 21.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new position in shares of Intra-Cellular Therapies in the 3rd quarter valued at $101,000. Quantbot Technologies LP increased its stake in Intra-Cellular Therapies by 233.1% in the 3rd quarter. Quantbot Technologies LP now owns 8,614 shares of the biopharmaceutical company’s stock valued at $135,000 after buying an additional 6,028 shares during the period. SG Americas Securities LLC increased its stake in Intra-Cellular Therapies by 45.9% in the 3rd quarter. SG Americas Securities LLC now owns 12,060 shares of the biopharmaceutical company’s stock valued at $190,000 after buying an additional 3,794 shares during the period. Voya Investment Management LLC increased its stake in Intra-Cellular Therapies by 16.0% in the 2nd quarter. Voya Investment Management LLC now owns 16,911 shares of the biopharmaceutical company’s stock valued at $210,000 after buying an additional 2,338 shares during the period. Finally, Teacher Retirement System of Texas acquired a new position in Intra-Cellular Therapies in the 4th quarter valued at $212,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

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About Intra-Cellular Therapies

Intra-Cellular Therapies, Inc (ITI) is a biopharmaceutical company. The Company is focused on the discovery and clinical development of small molecule drugs that address underserved medical needs in neuropsychiatric and neurological disorders by targeting intracellular signaling mechanisms within the central nervous system (CNS).

Analyst Recommendations for Intra-Cellular Therapies (NASDAQ:ITCI)

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