Schrodinger (NASDAQ:SDGR) Cut to Sell at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen downgraded shares of Schrodinger (NASDAQ:SDGR – Free Report) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

A number of other research analysts have also recently weighed in on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Schrodinger in a research report on Tuesday, October 14th. KeyCorp reduced their price objective on shares of Schrodinger from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, January 8th. UBS Group started coverage on shares of Schrodinger in a research note on Wednesday, January 7th. They issued a “neutral” rating and a $18.00 price objective for the company. TD Cowen cut their target price on Schrodinger from $33.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Finally, Cowen reiterated a “buy” rating on shares of Schrodinger in a report on Thursday. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.33.

Get Our Latest Research Report on Schrodinger

Schrodinger Price Performance

Shares of NASDAQ SDGR opened at $18.64 on Friday. Schrodinger has a 1-year low of $15.99 and a 1-year high of $28.47. The business’s 50 day moving average is $17.94 and its two-hundred day moving average is $19.46. The stock has a market capitalization of $1.37 billion, a P/E ratio of -7.73 and a beta of 1.54.

Schrodinger (NASDAQ:SDGR – Get Free Report) last announced its earnings results on Wednesday, November 5th. The company reported ($0.45) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.27. Schrodinger had a negative return on equity of 48.24% and a negative net margin of 68.49%.The firm had revenue of $54.32 million during the quarter, compared to analysts’ expectations of $50.51 million. During the same quarter in the previous year, the business earned ($0.87) EPS. The company’s quarterly revenue was up 53.9% on a year-over-year basis. As a group, equities research analysts anticipate that Schrodinger will post -2.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Schrodinger news, insider Margaret Dugan sold 1,395 shares of Schrodinger stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $21.07, for a total transaction of $29,392.65. Following the completion of the sale, the insider directly owned 24,574 shares of the company’s stock, valued at $517,774.18. The trade was a 5.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 21.00% of the stock is currently owned by company insiders.

Institutional Trading of Schrodinger

Several institutional investors and hedge funds have recently made changes to their positions in SDGR. Rubric Capital Management LP lifted its stake in Schrodinger by 5.4% in the third quarter. Rubric Capital Management LP now owns 5,268,817 shares of the company’s stock worth $105,692,000 after acquiring an additional 268,817 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Schrodinger by 24.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,554,569 shares of the company’s stock worth $91,365,000 after purchasing an additional 904,619 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Schrodinger by 169.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,357,532 shares of the company’s stock valued at $86,018,000 after purchasing an additional 2,737,728 shares in the last quarter. Amova Asset Management Americas Inc. boosted its stake in shares of Schrodinger by 1.8% during the third quarter. Amova Asset Management Americas Inc. now owns 2,638,935 shares of the company’s stock valued at $52,937,000 after purchasing an additional 47,443 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. increased its holdings in Schrodinger by 7.2% during the second quarter. Nikko Asset Management Americas Inc. now owns 2,591,492 shares of the company’s stock valued at $52,089,000 after buying an additional 174,684 shares during the period. 79.05% of the stock is currently owned by institutional investors.

About Schrodinger

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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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