Public Employees Retirement System of Ohio Acquires New Stake in Roivant Sciences Ltd. $ROIV

Public Employees Retirement System of Ohio bought a new position in Roivant Sciences Ltd. (NASDAQ:ROIVFree Report) in the second quarter, HoldingsChannel.com reports. The firm bought 139,481 shares of the company’s stock, valued at approximately $4,936,000.

A number of other large investors have also recently added to or reduced their stakes in ROIV. Goldman Sachs Group Inc. lifted its holdings in shares of Roivant Sciences by 15.4% in the first quarter. Goldman Sachs Group Inc. now owns 2,433,386 shares of the company’s stock valued at $24,553,000 after purchasing an additional 324,764 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Roivant Sciences by 1.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,445,807 shares of the company’s stock worth $24,678,000 after buying an additional 34,341 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Roivant Sciences by 1.9% during the second quarter. American Century Companies Inc. now owns 89,625 shares of the company’s stock worth $1,010,000 after buying an additional 1,689 shares in the last quarter. Russell Investments Group Ltd. raised its position in Roivant Sciences by 149.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,467 shares of the company’s stock valued at $129,000 after buying an additional 6,879 shares during the last quarter. Finally, M&T Bank Corp raised its position in Roivant Sciences by 10.2% in the 2nd quarter. M&T Bank Corp now owns 12,802 shares of the company’s stock valued at $144,000 after buying an additional 1,181 shares during the last quarter. Institutional investors own 64.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. HC Wainwright reaffirmed a “buy” rating and set a $41.00 price target on shares of Roivant Sciences in a research report on Friday, August 28th. Sanford C. Bernstein raised shares of Roivant Sciences to a “strong-buy” rating in a research report on Wednesday, July 29th. Bank of America restated a “neutral” rating on shares of Roivant Sciences in a report on Friday, July 31st. Leerink Partners set a $42.00 target price on shares of Roivant Sciences in a research report on Thursday, May 21st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Roivant Sciences in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Roivant Sciences has an average rating of “Moderate Buy” and a consensus price target of $35.14.

Get Our Latest Stock Report on ROIV

Roivant Sciences Stock Down 1.0%

NASDAQ:ROIV opened at $34.18 on Thursday. Roivant Sciences Ltd. has a twelve month low of $12.28 and a twelve month high of $37.97. The firm has a market capitalization of $24.69 billion, a price-to-earnings ratio of -64.49 and a beta of 1.12. The stock’s 50 day moving average price is $35.27 and its two-hundred day moving average price is $31.09.

Roivant Sciences (NASDAQ:ROIVGet Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.04. Roivant Sciences had a negative return on equity of 22.94% and a negative net margin of 3,534.96%.The company had revenue of $1.44 million during the quarter, compared to the consensus estimate of $2.06 million. As a group, analysts anticipate that Roivant Sciences Ltd. will post -2 earnings per share for the current year.

Insider Activity

In other Roivant Sciences news, Director Melissa B. Epperly sold 17,750 shares of the company’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $34.38, for a total value of $610,245.00. Following the transaction, the director directly owned 16,474 shares in the company, valued at $566,376.12. The trade was a 51.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mayukh Sukhatme sold 144,756 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $36.48, for a total value of $5,280,698.88. Following the transaction, the insider owned 18,630,739 shares in the company, valued at approximately $679,649,358.72. This trade represents a 0.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 3,055,913 shares of company stock worth $107,261,258. 8.80% of the stock is owned by insiders.

Roivant Sciences Company Profile

(Free Report)

Roivant Sciences is a biopharmaceutical company focused on the development and commercialization of innovative therapies through a network of subsidiary businesses known as “Vants.” Founded in 2014, Roivant acquires or in-licenses clinical-stage assets that have progressed beyond proof of concept and seeks to advance them efficiently toward regulatory approval. By organizing each program into a dedicated subsidiary, the company aims to streamline decision-making, allocate resources more effectively, and accelerate development timelines.

The core activities of Roivant involve identifying promising drug candidates across a range of therapeutic areas, including neurology, rare diseases, immunology, oncology, and women’s health.

See Also

Want to see what other hedge funds are holding ROIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roivant Sciences Ltd. (NASDAQ:ROIVFree Report).

Institutional Ownership by Quarter for Roivant Sciences (NASDAQ:ROIV)

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