Takeda Pharmaceutical Co. Ltd. purchased a new stake in Rani Therapeutics Holdings, Inc. (NASDAQ:RANI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 203,190 shares of the company's stock, valued at approximately $278,000. Rani Therapeutics makes up approximately 1.0% of Takeda Pharmaceutical Co. Ltd.'s investment portfolio, making the stock its 10th biggest holding. Takeda Pharmaceutical Co. Ltd. owned approximately 0.35% of Rani Therapeutics at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in RANI. Stifel Financial Corp grew its stake in Rani Therapeutics by 100.4% in the 3rd quarter. Stifel Financial Corp now owns 269,768 shares of the company's stock valued at $583,000 after buying an additional 135,148 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Rani Therapeutics by 14.3% during the third quarter. Geode Capital Management LLC now owns 172,261 shares of the company's stock worth $372,000 after purchasing an additional 21,527 shares during the period. Virtu Financial LLC acquired a new stake in Rani Therapeutics during the 4th quarter worth approximately $62,000. Finally, Janney Montgomery Scott LLC acquired a new position in Rani Therapeutics in the 4th quarter valued at $37,000. 30.19% of the stock is currently owned by institutional investors and hedge funds.
Rani Therapeutics Price Performance
Shares of Rani Therapeutics stock traded down $0.10 on Monday, reaching $1.27. 144,344 shares of the stock were exchanged, compared to its average volume of 899,198. The firm's 50 day moving average is $1.51 and its 200-day moving average is $1.83. The firm has a market cap of $72.47 million, a PE ratio of -1.19 and a beta of 0.14. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.60 and a current ratio of 1.60. Rani Therapeutics Holdings, Inc. has a one year low of $1.24 and a one year high of $8.75.
Analyst Upgrades and Downgrades
RANI has been the subject of a number of recent research reports. HC Wainwright reissued a "buy" rating and issued a $9.00 target price on shares of Rani Therapeutics in a research report on Friday, February 7th. Canaccord Genuity Group restated a "buy" rating and set a $9.00 target price on shares of Rani Therapeutics in a research report on Wednesday, February 26th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Rani Therapeutics presently has a consensus rating of "Buy" and a consensus target price of $12.33.
Read Our Latest Report on RANI
Rani Therapeutics Profile
(
Free Report)
Rani Therapeutics Holdings, Inc operates as a clinical stage biotherapeutics company that develops orally administered biologics for patients, physicians, and healthcare systems in the United States. The company develops the RaniPill capsule, a drug-agnostic oral delivery platform to deliver a variety of drug substances, including oligonucleotides, peptides, proteins, and antibodies.
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