Schrodinger (NASDAQ:SDGR) Upgraded at Wall Street Zen

Schrodinger (NASDAQ:SDGR) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts also recently commented on SDGR. Bank of America raised Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Monday, December 15th. TD Cowen reiterated a “buy” rating on shares of Schrodinger in a report on Thursday, January 8th. UBS Group initiated coverage on shares of Schrodinger in a report on Wednesday, January 7th. They issued a “neutral” rating and a $18.00 price objective on the stock. KeyCorp lowered their target price on shares of Schrodinger from $28.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Schrodinger in a report on Friday, January 9th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $24.33.

Schrodinger Stock Down 2.4%

NASDAQ:SDGR opened at $13.97 on Friday. Schrodinger has a 52 week low of $13.44 and a 52 week high of $28.47. The company has a fifty day simple moving average of $17.50 and a two-hundred day simple moving average of $19.02. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -5.80 and a beta of 1.54.

Schrodinger (NASDAQ:SDGR) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.27. Schrodinger had a negative return on equity of 48.24% and a negative net margin of 68.49%.The business had revenue of $54.32 million for the quarter, compared to analysts’ expectations of $50.51 million. During the same period last year, the firm earned ($0.87) earnings per share. The company’s revenue for the quarter was up 53.9% compared to the same quarter last year. On average, analysts expect that Schrodinger will post -2.37 EPS for the current year.

Institutional Trading of Schrodinger

Institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC grew its stake in Schrodinger by 347.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,284 shares of the company’s stock worth $26,000 after buying an additional 997 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in shares of Schrodinger in the second quarter valued at approximately $30,000. Aster Capital Management DIFC Ltd boosted its holdings in shares of Schrodinger by 212.4% in the third quarter. Aster Capital Management DIFC Ltd now owns 1,943 shares of the company’s stock valued at $39,000 after acquiring an additional 1,321 shares during the period. State of Wyoming purchased a new position in shares of Schrodinger during the second quarter worth approximately $39,000. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Schrodinger by 110.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,127 shares of the company’s stock valued at $43,000 after acquiring an additional 1,116 shares during the period. 79.05% of the stock is owned by hedge funds and other institutional investors.

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.