Legal & General Group Plc Makes New Investment in Schrodinger, Inc. $SDGR

Legal & General Group Plc purchased a new stake in Schrodinger, Inc. (NASDAQ:SDGR) in the 2nd quarter, Holdings Channel reports. The firm purchased 140,875 shares of the company’s stock, valued at approximately $2,289,000.

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

Schrodinger Stock Down 3.0%

Shares of SDGR stock opened at $20.09 on Friday. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of -27.15 and a beta of 1.69. Schrodinger, Inc. has a fifty-two week low of $10.94 and a fifty-two week high of $23.02. The firm’s 50 day moving average price is $17.36 and its two-hundred day moving average price is $14.43.

Schrodinger (NASDAQ:SDGR) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $58.89 million during the quarter, compared to analyst estimates of $47.19 million. During the same quarter in the prior year, the business earned ($0.65) earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities analysts forecast that Schrodinger, Inc. will post -1.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

About Schrodinger

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.