Shares of Roivant Sciences Ltd. (NASDAQ:ROIV – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $17.39.
ROIV has been the topic of several recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Roivant Sciences in a research report on Thursday, September 19th. HC Wainwright reaffirmed a “buy” rating and set a $18.00 price objective on shares of Roivant Sciences in a research report on Thursday, September 19th. Bank of America lifted their target price on Roivant Sciences from $12.00 to $12.50 and gave the stock a “neutral” rating in a research report on Wednesday, September 11th. Finally, Piper Sandler upped their price target on Roivant Sciences from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th.
Check Out Our Latest Research Report on ROIV
Insider Buying and Selling at Roivant Sciences
Institutional Trading of Roivant Sciences
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. nVerses Capital LLC bought a new stake in Roivant Sciences during the 2nd quarter worth about $34,000. Point72 Hong Kong Ltd bought a new stake in shares of Roivant Sciences during the second quarter valued at approximately $36,000. Quarry LP acquired a new stake in shares of Roivant Sciences in the second quarter valued at approximately $53,000. Acadian Asset Management LLC acquired a new stake in shares of Roivant Sciences in the first quarter valued at approximately $72,000. Finally, Fifth Third Wealth Advisors LLC bought a new position in Roivant Sciences in the 2nd quarter worth approximately $101,000. 64.76% of the stock is currently owned by institutional investors and hedge funds.
Roivant Sciences Stock Up 0.9 %
Shares of Roivant Sciences stock opened at $11.73 on Friday. Roivant Sciences has a 12-month low of $8.24 and a 12-month high of $13.06. The company has a quick ratio of 27.91, a current ratio of 27.91 and a debt-to-equity ratio of 0.05. The stock has a 50 day moving average price of $11.79 and a two-hundred day moving average price of $11.22. The stock has a market capitalization of $8.67 billion, a P/E ratio of 2.32 and a beta of 1.24.
Roivant Sciences (NASDAQ:ROIV – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.33. The business had revenue of $55.10 million during the quarter, compared to the consensus estimate of $30.72 million. Roivant Sciences had a net margin of 2,991.75% and a negative return on equity of 17.23%. Roivant Sciences’s quarterly revenue was up 155.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.38) EPS. Equities analysts expect that Roivant Sciences will post -1.14 earnings per share for the current year.
About Roivant Sciences
Roivant Sciences Ltd., a commercial-stage biopharmaceutical company, engages in the development and commercialization of medicines for inflammation and immunology areas. The company provides Vants, a model to develop and commercialize its medicines and technologies focusing on biopharmaceutical businesses, discovery-stage companies, and health technology startups.
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