Citigroup Inc. Grows Stake in Schrodinger, Inc. $SDGR

Citigroup Inc. boosted its position in shares of Schrodinger, Inc. (NASDAQ:SDGR) by 122.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 155,209 shares of the company’s stock after purchasing an additional 85,448 shares during the quarter. Citigroup Inc. owned approximately 0.21% of Schrodinger worth $3,113,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rubric Capital Management LP grew its position in shares of Schrodinger by 4.2% in the second quarter. Rubric Capital Management LP now owns 5,000,000 shares of the company’s stock valued at $100,600,000 after purchasing an additional 200,000 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Schrodinger by 24.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,554,569 shares of the company’s stock valued at $91,365,000 after purchasing an additional 904,619 shares in the last quarter. Nikko Asset Management Americas Inc. boosted its stake in shares of Schrodinger by 7.2% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 2,591,492 shares of the company’s stock worth $52,089,000 after purchasing an additional 174,684 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Schrodinger by 38.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,072,433 shares of the company’s stock worth $41,573,000 after buying an additional 577,899 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Schrodinger by 1.4% during the second quarter. Geode Capital Management LLC now owns 1,362,605 shares of the company’s stock worth $27,419,000 after buying an additional 18,156 shares in the last quarter. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Schrodinger Price Performance

Shares of NASDAQ:SDGR opened at $13.03 on Friday. The firm has a market capitalization of $959.92 million, a PE ratio of -9.18 and a beta of 1.57. The business has a 50-day moving average of $14.88 and a two-hundred day moving average of $17.65. Schrodinger, Inc. has a 12 month low of $11.11 and a 12 month high of $27.63.

Schrodinger (NASDAQ:SDGR) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.57. The business had revenue of $87.24 million for the quarter, compared to analyst estimates of $83.66 million. Schrodinger had a negative return on equity of 29.47% and a negative net margin of 40.37%.The company’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.24) EPS. As a group, research analysts anticipate that Schrodinger, Inc. will post -2.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SDGR. UBS Group initiated coverage on shares of Schrodinger in a research report on Wednesday, January 7th. They set a “neutral” rating and a $18.00 target price on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Schrodinger in a report on Friday, January 9th. TD Cowen reaffirmed a “buy” rating on shares of Schrodinger in a research report on Thursday, January 8th. KeyCorp dropped their target price on Schrodinger from $28.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Finally, Bank of America raised Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Monday, December 15th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $21.75.

Schrodinger 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.