Intra-Cellular Therapies Inc. (NASDAQ:ITCI) Director Richard A. Lerner sold 7,000 shares of Intra-Cellular Therapies stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $15.09, for a total transaction of $105,630.00. Following the sale, the director now owns 8,621 shares of the company’s stock, valued at $130,090.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Intra-Cellular Therapies Inc. (NASDAQ:ITCI) traded up $0.34 during mid-day trading on Friday, hitting $15.24. 1,550,509 shares of the company were exchanged, compared to its average volume of 412,263. Intra-Cellular Therapies Inc. has a 52-week low of $7.85 and a 52-week high of $22.67.

Intra-Cellular Therapies (NASDAQ:ITCI) last announced its quarterly earnings data on Wednesday, November 8th. The biopharmaceutical company reported ($0.53) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.53). The firm had revenue of $0.03 million during the quarter, compared to analysts’ expectations of $0.06 million. Intra-Cellular Therapies had a negative net margin of 28,038.35% and a negative return on equity of 27.40%. The business’s quarterly revenue was up 675.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.70) earnings per share. research analysts expect that Intra-Cellular Therapies Inc. will post -2.17 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in ITCI. Perceptive Advisors LLC acquired a new position in shares of Intra-Cellular Therapies in the third quarter valued at approximately $14,667,000. Wasatch Advisors Inc. grew its holdings in Intra-Cellular Therapies by 65.1% during the 2nd quarter. Wasatch Advisors Inc. now owns 1,659,513 shares of the biopharmaceutical company’s stock worth $20,611,000 after acquiring an additional 654,400 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in Intra-Cellular Therapies during the 3rd quarter worth approximately $8,663,000. Dimensional Fund Advisors LP grew its holdings in Intra-Cellular Therapies by 419.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 647,187 shares of the biopharmaceutical company’s stock worth $8,038,000 after acquiring an additional 522,565 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Intra-Cellular Therapies by 336.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 580,770 shares of the biopharmaceutical company’s stock worth $7,213,000 after acquiring an additional 447,586 shares in the last quarter. Hedge funds and other institutional investors own 74.47% of the company’s stock.

ITCI has been the subject of a number of recent analyst reports. Cowen reiterated a “buy” rating and set a $20.00 price target on shares of Intra-Cellular Therapies in a research report on Wednesday, August 23rd. BTIG Research reiterated a “buy” rating and set a $36.00 price target on shares of Intra-Cellular Therapies in a research report on Friday, September 8th. SunTrust Banks upgraded shares of Intra-Cellular Therapies from a “hold” rating to a “buy” rating in a research report on Wednesday, November 8th. Zacks Investment Research upgraded shares of Intra-Cellular Therapies from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Wednesday, November 8th. Finally, Canaccord Genuity initiated coverage on shares of Intra-Cellular Therapies in a research report on Friday. They set a “buy” rating and a $31.00 price target for the company. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. Intra-Cellular Therapies has an average rating of “Buy” and a consensus price target of $25.67.

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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).

Insider Buying and Selling by Quarter for Intra-Cellular Therapies (NASDAQ:ITCI)

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