Intec Pharma (NASDAQ:NTEC) Lowered to “Hold” at Zacks Investment Research

Intec Pharma (NASDAQ:NTEC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, December 19th.

According to Zacks, “Intec Pharma Ltd. is a biopharmaceutical company. The company focused on developing drugs through proprietary Accordion Pill platform technology. Its product candidates in clinical trial stages consists of Accordion Pill Carbidopa/Levodopa developed for the indication of treatment of Parkinson’s disease symptoms; Accordion Pill Zaleplon is being developed for the indication of treatment of insomnia, including sleep induction and the improvement of sleep maintenance. Intec Pharma Ltd. is based in JERUSALEM, Israel. “

Other equities analysts have also recently issued research reports about the company. Oppenheimer set a $15.00 target price on Intec Pharma and gave the stock a “buy” rating in a research report on Monday, December 18th. Maxim Group set a $8.00 target price on Intec Pharma and gave the stock a “buy” rating in a research report on Friday, November 17th. CIBC reiterated an “outperform” rating and set a $15.00 target price (up previously from $10.00) on shares of Intec Pharma in a research report on Thursday, September 21st. Finally, ValuEngine lowered Intec Pharma from a “hold” rating to a “sell” rating in a research note on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $11.20.

Intec Pharma (NASDAQ NTEC) opened at $7.15 on Tuesday. Intec Pharma has a 52-week low of $4.20 and a 52-week high of $9.80.

Hedge funds have recently bought and sold shares of the stock. Caxton Corp purchased a new stake in Intec Pharma in the 3rd quarter valued at approximately $681,000. Sectoral Asset Management Inc purchased a new stake in Intec Pharma in the 3rd quarter valued at approximately $3,177,000. Pura Vida Investments LLC purchased a new stake in Intec Pharma in the 3rd quarter valued at approximately $895,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in Intec Pharma by 5.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 522,200 shares of the biotechnology company’s stock valued at $2,977,000 after buying an additional 25,000 shares in the last quarter. 40.16% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: This piece was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at https://www.dispatchtribunal.com/2018/01/14/zacks-investment-research-lowers-intec-pharma-ntec-to-hold.html.

Intec Pharma Company Profile

Intec Pharma Ltd is an Israel-based drug development company. It is a development stage biopharmaceutical company that develops formulations of drugs using its proprietary gastric retention technology, the Accordion Pill. The Accordion Pill, a novel gastro-retentive delivery system, improves the pharmacokinetics and pharmacodynamics of various drugs.

Get a free copy of the Zacks research report on Intec Pharma (NTEC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Intec Pharma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intec Pharma and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply