Schrödinger (NASDAQ:SDGR) Shares Gap Up – Should You Buy?

Schrödinger, Inc. (NASDAQ:SDGR) gapped up prior to trading on Friday . The stock had previously closed at $19.22, but opened at $20.49. Schrödinger shares last traded at $21.97, with a volume of 650,109 shares trading hands.

Analyst Ratings Changes

SDGR has been the topic of a number of research analyst reports. Piper Sandler decreased their target price on Schrödinger from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. KeyCorp boosted their price objective on shares of Schrödinger from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $32.29.

Schrödinger Stock Performance

The company has a market capitalization of $1.79 billion, a PE ratio of -10.47 and a beta of 1.77. The stock’s fifty day simple moving average is $21.98 and its 200-day simple moving average is $20.74.

Schrödinger (NASDAQ:SDGR) last announced its quarterly earnings data on Wednesday, February 26th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.20). The firm had revenue of $88.32 million for the quarter, compared to analysts’ expectations of $83.20 million. Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. On average, equities analysts anticipate that Schrödinger, Inc. will post -2.37 EPS for the current year.

Insider Activity at Schrödinger

In other news, CFO Geoffrey Craig Porges sold 5,491 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $21.76, for a total transaction of $119,484.16. Following the completion of the sale, the chief financial officer now directly owns 27,544 shares in the company, valued at $599,357.44. This represents a 16.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 8.60% of the company’s stock.

Institutional Investors Weigh In On Schrödinger

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of Schrödinger by 4,213.0% during the 1st quarter. GAMMA Investing LLC now owns 120,592 shares of the company’s stock worth $2,380,000 after purchasing an additional 117,796 shares during the period. United Advisor Group LLC lifted its position in Schrödinger by 3.3% during the fourth quarter. United Advisor Group LLC now owns 19,769 shares of the company’s stock valued at $381,000 after buying an additional 634 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in Schrödinger during the fourth quarter worth approximately $473,000. Two Sigma Investments LP acquired a new stake in shares of Schrödinger in the fourth quarter worth $1,939,000. Finally, Tema Etfs LLC purchased a new position in shares of Schrödinger in the 4th quarter valued at $671,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Schrödinger Company Profile

Schrödinger, Inc, together with its subsidiaries, develops physics-based computational platform that enables discovery of novel molecules for drug development and materials applications. The company operates in two segments, Software and Drug Discovery. The Software segment is focused on licensing its software to transform molecular discovery for life sciences and materials science industries.