Tocqueville Asset Management L.P. Takes Position in Schrodinger, Inc. $SDGR

Tocqueville Asset Management L.P. acquired a new position in shares of Schrodinger, Inc. (NASDAQ:SDGR) in the 2nd quarter, Holdings Channel reports. The fund acquired 30,900 shares of the company’s stock, valued at approximately $502,000.

Several other large investors have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in Schrodinger by 722.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,374 shares of the company’s stock valued at $25,000 after buying an additional 1,207 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Schrodinger during the 4th quarter worth about $26,000. Hantz Financial Services Inc. boosted its stake in shares of Schrodinger by 5,025.8% during the 4th 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. State of Wyoming acquired a new position in shares of Schrodinger during the 2nd quarter worth about $39,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Schrodinger in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Ratings Changes

SDGR has been the topic of a number of recent research reports. UBS Group initiated coverage on Schrodinger in a research report on Friday, August 14th. They issued a “neutral” rating and a $19.00 target price on the stock. Morgan Stanley reduced 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. Weiss Ratings downgraded Schrodinger from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, August 12th. Finally, Wall Street Zen raised Schrodinger from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 8th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Schrodinger presently has an average rating of “Hold” and a consensus price target of $20.50.

Schrodinger Price Performance

Shares of SDGR stock opened at $19.71 on Friday. The stock has a market cap of $1.45 billion, a P/E ratio of -26.63 and a beta of 1.63. The company has a fifty day moving average price of $16.45 and a two-hundred day moving average price of $13.94. Schrodinger, Inc. has a one year low of $10.94 and a one year high of $23.02.

Schrodinger (NASDAQ:SDGR) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.49. The company had revenue of $58.89 million for the quarter, compared to analyst estimates of $47.19 million. Schrodinger had a negative net margin of 20.98% and a negative return on equity of 16.37%. Schrodinger’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.65) EPS. As a group, equities research analysts anticipate that Schrodinger, Inc. will post -1.89 EPS for the current fiscal year.

Schrodinger Company Profile

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.