UBS Group Upgrades Schrodinger (NASDAQ:SDGR) to “Hold”

Schrodinger (NASDAQ:SDGR) was upgraded by investment analysts at UBS Group to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other research analysts also recently issued reports on the stock. Cowen reaffirmed a “buy” rating on shares of Schrodinger in a research report on Thursday. Bank of America raised Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Monday, December 15th. TD Cowen lowered their price target on Schrodinger from $33.00 to $24.00 and set a “buy” rating for the company in a report on Thursday. KeyCorp dropped their price target on Schrodinger from $28.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Schrodinger in a research report on Tuesday, October 14th. Six 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $24.33.

Schrodinger Trading Down 0.9%

SDGR opened at $18.61 on Wednesday. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of -7.72 and a beta of 1.54. Schrodinger has a 12 month low of $15.99 and a 12 month high of $28.47. The stock has a fifty day moving average price of $18.03 and a 200-day moving average price of $19.51.

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

Insider Buying and Selling at Schrodinger

In other news, insider Margaret Dugan sold 1,395 shares of the stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $21.07, for a total value of $29,392.65. Following the transaction, the insider directly owned 24,574 shares of the company’s stock, valued at approximately $517,774.18. This represents a 5.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 21.00% of the company’s stock.

Institutional Investors Weigh In On Schrodinger

Large investors have recently bought and sold shares of the company. Rubric Capital Management LP raised its position in Schrodinger by 5.4% during the 3rd quarter. Rubric Capital Management LP now owns 5,268,817 shares of the company’s stock worth $105,692,000 after buying an additional 268,817 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of 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 acquiring an additional 904,619 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Schrodinger by 169.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,357,532 shares of the company’s stock worth $86,018,000 after acquiring an additional 2,737,728 shares during the period. Amova Asset Management Americas Inc. raised its holdings in shares of Schrodinger by 1.8% during the third quarter. Amova Asset Management Americas Inc. now owns 2,638,935 shares of the company’s stock worth $52,937,000 after purchasing an additional 47,443 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. raised its holdings in shares of Schrodinger by 7.2% during the second 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. Hedge funds and other 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.