Schrodinger (NASDAQ:SDGR) Stock Price Up 4.6% – Here’s What Happened

Schrodinger, Inc. (NASDAQ:SDGRGet Free Report) shares traded up 4.6% during mid-day trading on Tuesday . The stock traded as high as $20.22 and last traded at $20.3950. 318,003 shares were traded during trading, a decline of 76% from the average daily volume of 1,316,290 shares. The stock had previously closed at $19.50.

Analyst Ratings Changes

Several equities research analysts have weighed in on SDGR shares. UBS Group started coverage on Schrodinger in a research note on Friday, August 14th. They set a “neutral” rating and a $19.00 target price for the company. Wall Street Zen raised shares of Schrodinger from a “strong sell” rating to a “hold” rating in a report on Saturday, August 8th. Morgan Stanley lowered their price objective on shares of Schrodinger from $19.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, May 14th. Finally, Weiss Ratings raised shares of Schrodinger from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 27th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Schrodinger has an average rating of “Hold” and an average price target of $20.50.

Read Our Latest Stock Report on SDGR

Schrodinger Stock Up 0.2%

The company has a market cap of $1.54 billion, a P/E ratio of -28.22 and a beta of 1.69. The firm’s 50 day moving average is $17.20 and its two-hundred day moving average is $14.33.

Schrodinger (NASDAQ:SDGRGet Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.49. Schrodinger had a negative net margin of 20.98% and a negative return on equity of 16.37%. The business had revenue of $58.89 million during the quarter, compared to the consensus estimate of $47.19 million. During the same quarter in the prior year, the firm posted ($0.65) EPS. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, research analysts forecast that Schrodinger, Inc. will post -1.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Schrodinger

Institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Schrodinger by 722.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,374 shares of the company’s stock worth $25,000 after purchasing an additional 1,207 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Schrodinger during the fourth quarter worth $26,000. Hantz Financial Services Inc. raised its holdings in Schrodinger by 5,025.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,589 shares of the company’s stock worth $28,000 after buying an additional 1,558 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Schrodinger in the fourth quarter valued at $36,000. Finally, State of Wyoming acquired a new position in shares of Schrodinger during the second quarter valued at about $39,000. 79.05% of the stock is owned by institutional investors and hedge funds.

Schrodinger Company Profile

(Get Free Report)

Schrödinger, Inc is a life sciences and materials discovery company that specializes in the application of physics-based computational platforms to accelerate drug discovery and advanced materials design. Founded in 1990 by Professor Richard A. Friesner, Schrödinger has developed a suite of proprietary software tools—such as Maestro for molecular modeling, Glide for molecular docking and Jaguar for quantum chemistry calculations—that enable scientists to predict molecular behavior with high accuracy.

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