Schrodinger (NASDAQ:SDGR) Trading 4.6% Higher – Should You Buy?

Schrodinger, Inc. (NASDAQ:SDGR)’s share price rose 4.6% during trading on Tuesday . The stock traded as high as $20.22 and last traded at $20.3950. Approximately 318,003 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 1,316,290 shares. The stock had previously closed at $19.50.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SDGR. UBS Group assumed coverage on shares of Schrodinger in a report on Friday, August 14th. They set a “neutral” rating and a $19.00 target price for the company. Morgan Stanley lowered their price target on shares of Schrodinger from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 14th. Wall Street Zen upgraded Schrodinger from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings raised Schrodinger from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday. Three equities 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. Based on data from MarketBeat, Schrodinger currently has an average rating of “Hold” and an average target price of $20.50.

Schrodinger Stock Performance

The stock has a fifty day moving average price of $16.97 and a 200-day moving average price of $14.20. The firm has a market cap of $1.54 billion, a PE ratio of -28.15 and a beta of 1.63.

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 the consensus estimate of $47.19 million. During the same period in the previous year, the firm earned ($0.65) earnings per share. Schrodinger’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, equities analysts predict that Schrodinger, Inc. will post -1.89 earnings per share for the current fiscal year.

Institutional Trading of Schrodinger

A number of hedge funds and other institutional investors have recently made changes to their positions in SDGR. Rubric Capital Management LP increased its position in shares of Schrodinger by 43.8% in the 1st quarter. Rubric Capital Management LP now owns 6,000,000 shares of the company’s stock worth $68,160,000 after purchasing an additional 1,828,502 shares during the last quarter. Quantinno Capital Management LP acquired a new stake in Schrodinger during the first quarter valued at approximately $1,978,000. UBS Group AG lifted its holdings in Schrodinger by 51.3% during the 4th quarter. UBS Group AG now owns 1,442,799 shares of the company’s stock worth $25,797,000 after buying an additional 489,059 shares during the last quarter. Tejara Capital Ltd bought a new position in Schrodinger during the 2nd quarter worth approximately $4,553,000. Finally, BlackRock Inc. acquired a new position in shares of Schrodinger in the 2nd quarter worth approximately $170,978,000. Institutional investors own 79.05% of the company’s stock.

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.