Schrodinger (NASDAQ:SDGR) Stock Price Up 8.9% – Should You Buy?

by · The Markets Daily

Schrodinger, Inc. (NASDAQ:SDGR – Get Free Report)’s share price rose 8.9% during mid-day trading on Tuesday. The stock traded as high as $26.72 and last traded at $26.6750. 503,271 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 1,531,311 shares. The stock had previously closed at $24.50.

Analysts Set New Price Targets

Several research firms have issued reports on SDGR. UBS Group upped their price target on shares of Schrodinger from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 20th. BMO Capital Markets upped their price objective on shares of Schrodinger from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, October 12th. Wall Street Zen raised shares of Schrodinger from a “strong sell” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings upgraded Schrodinger from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 27th. Finally, Zacks Research raised shares of Schrodinger from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Schrodinger currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.83.

View Our Latest Stock Analysis on SDGR

Schrodinger Stock Performance

The stock has a market capitalization of $1.99 billion, a PE ratio of -36.34 and a beta of 1.62. The business has a 50 day moving average of $24.15 and a two-hundred day moving average of $16.61.

Schrodinger (NASDAQ:SDGR – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.49. The business had revenue of $58.89 million for the quarter, compared to the consensus estimate of $47.19 million. Schrodinger had a negative return on equity of 16.37% and a negative net margin of 20.98%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.65) EPS. On average, equities analysts expect that Schrodinger, Inc. will post -1.50 EPS for the current fiscal year.

Insider Activity

In other news, insider Karen Akinsanya sold 31,599 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $29.37, for a total transaction of $928,062.63. Following the sale, the insider owned 69,956 shares of the company’s stock, valued at approximately $2,054,607.72. This represents a 31.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 10.10% of the company’s stock.

Hedge Funds Weigh In On Schrodinger

Several hedge funds have recently bought and sold shares of SDGR. GAMMA Investing LLC grew its position in shares of Schrodinger by 5.7% during the 3rd quarter. GAMMA Investing LLC now owns 14,353 shares of the company’s stock valued at $446,000 after purchasing an additional 772 shares in the last quarter. Kestra Advisory Services LLC grew its position in shares of Schrodinger by 2.0% in the 1st quarter. Kestra Advisory Services LLC now owns 51,429 shares of the company’s stock worth $584,000 after buying an additional 1,002 shares during the period. Root Financial Partners LLC bought a new position in Schrodinger in the 3rd quarter worth about $50,000. Sterling Capital Management LLC raised its position in Schrodinger by 843.8% in the 3rd quarter. Sterling Capital Management LLC now owns 1,916 shares of the company’s stock worth $59,000 after buying an additional 1,713 shares during the last quarter. Finally, Entropy Technologies LP lifted its holdings in Schrodinger by 17.9% in the first quarter. Entropy Technologies LP now owns 15,257 shares of the company’s stock valued at $173,000 after acquiring an additional 2,311 shares during the period. 79.05% of the stock is owned by hedge funds and other institutional investors.

Schrodinger Company Profile

(Get Free Report)

Schrödinger, Inc develops computational software and services designed to support pharmaceutical, biotechnology and materials research. Its platform uses physics-based modeling, machine learning and other computational methods to help scientists analyze molecular interactions, design compounds and prioritize candidates for experimental testing.

The company’s software offerings include tools for molecular modeling, quantum chemistry, molecular dynamics, virtual screening, property prediction and free-energy calculations.

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