Harbor Capital Advisors Inc. Has $383,000 Stock Position in Schrodinger, Inc. $SDGR

Harbor Capital Advisors Inc. raised its position in Schrodinger, Inc. (NASDAQ:SDGR) by 26.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,017 shares of the company’s stock after acquiring an additional 4,012 shares during the period. Harbor Capital Advisors Inc.’s holdings in Schrodinger were worth $383,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Two Sigma Advisers LP acquired a new position in Schrodinger in the 4th quarter valued at approximately $473,000. Allspring Global Investments Holdings LLC raised its holdings in Schrodinger by 30.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 174,371 shares of the company’s stock valued at $3,442,000 after acquiring an additional 40,568 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Schrodinger by 118.5% in the 1st quarter. GAMMA Investing LLC now owns 6,109 shares of the company’s stock worth $121,000 after buying an additional 3,313 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Schrodinger in the 4th quarter worth approximately $330,000. Finally, Two Sigma Investments LP acquired a new position in shares of Schrodinger in the 4th quarter worth approximately $1,939,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Ratings Changes

SDGR has been the subject of a number of recent research reports. KeyCorp dropped their target price on Schrodinger from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, July 14th. Barclays initiated coverage on Schrodinger in a report on Thursday, August 14th. They issued an “overweight” rating and a $25.00 target price for the company. Wall Street Zen cut Schrodinger from a “hold” rating to a “sell” rating in a report on Saturday, August 30th. Morgan Stanley dropped their target price on Schrodinger from $28.00 to $19.00 and set an “equal weight” rating for the company in a report on Monday, August 18th. Finally, Citigroup cut Schrodinger from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $35.00 to $20.00 in a report on Friday, August 15th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.83.

Schrodinger Stock Performance

Schrodinger stock opened at $19.45 on Friday. Schrodinger, Inc. has a 52 week low of $16.60 and a 52 week high of $28.47. The stock has a market capitalization of $1.43 billion, a P/E ratio of -7.84 and a beta of 1.79. The stock has a 50-day simple moving average of $20.00 and a 200 day simple moving average of $21.53.

Schrodinger (NASDAQ:SDGR) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.59) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.83) by $0.24. Schrodinger had a negative return on equity of 45.70% and a negative net margin of 76.22%.The company had revenue of $54.76 million during the quarter, compared to analysts’ expectations of $52.03 million. During the same quarter in the previous year, the company posted ($0.66) earnings per share. The business’s revenue was up 15.7% on a year-over-year basis. Research analysts forecast that Schrodinger, Inc. will post -2.37 earnings per share for the current year.

Schrodinger 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.