Goldman Sachs Maintains Roivant Sciences Buy Recommendation

Investing

Published: September 27, 2023 7:55 am

Last Updated: September 27, 2023 11:03 am

Fintel reports that on September 27, 2023, Goldman Sachs maintained coverage of Roivant Sciences (NASDAQ:ROIV) with a Buy recommendation.

Analyst Price Forecast Suggests 28.42% Upside

As of August 31, 2023, the average one-year price target for Roivant Sciences is 15.94. The forecasts range from a low of 12.12 to a high of $24.15. The average price target represents an increase of 28.42% from its latest reported closing price of 12.41.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Roivant Sciences is 171MM, an increase of 117.88%. The projected annual non-GAAP EPS is -1.39.

What is the Fund Sentiment?

There are 258 funds or institutions reporting positions in Roivant Sciences. This is an increase of 69 owner(s) or 36.51% in the last quarter. Average portfolio weight of all funds dedicated to ROIV is 1.18%, a decrease of 20.80%. Total shares owned by institutions increased in the last three months by 8.77% to 515,569K shares. The put/call ratio of ROIV is 0.69, indicating a bullish outlook.

What are Other Shareholders Doing?

QVT Financial holds 122,542K shares representing 15.88% ownership of the company. No change in the last quarter.

Sb Investment Advisers holds 83,032K shares representing 10.76% ownership of the company. No change in the last quarter.

Viking Global Investors holds 75,239K shares representing 9.75% ownership of the company. In it’s prior filing, the firm reported owning 88,239K shares, representing a decrease of 17.28%. The firm increased its portfolio allocation in ROIV by 1.59% over the last quarter.

Wellington Management Group Llp holds 15,197K shares representing 1.97% ownership of the company. In it’s prior filing, the firm reported owning 12,029K shares, representing an increase of 20.85%. The firm increased its portfolio allocation in ROIV by 64.66% over the last quarter.

Patient Square Capital holds 12,640K shares representing 1.64% ownership of the company. In it’s prior filing, the firm reported owning 6,826K shares, representing an increase of 46.00%. The firm increased its portfolio allocation in ROIV by 53.20% over the last quarter.

Roivant Sciences Background Information
(This description is provided by the company.)

Roivant develops transformative medicines faster by building technologies and developing talent in creative ways, leveraging the Roivant platform to launch “Vants” – nimble and focused biopharmaceutical and health technology companies

This article originally appeared on Fintel

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