Stephens Investment Management Group LLC Trims Stock Holdings in Schrodinger, Inc. $SDGR

Stephens Investment Management Group LLC decreased its position in Schrodinger, Inc. (NASDAQ:SDGR) by 3.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,193,034 shares of the company’s stock after selling 68,300 shares during the quarter. Stephens Investment Management Group LLC owned approximately 2.98% of Schrodinger worth $43,992,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Bank of Montreal Can increased its stake in shares of Schrodinger by 5.8% in the 2nd quarter. Bank of Montreal Can now owns 15,941 shares of the company’s stock worth $321,000 after acquiring an additional 879 shares in the last quarter. Stephens Inc. AR grew its holdings in Schrodinger by 9.5% in the third quarter. Stephens Inc. AR now owns 10,894 shares of the company’s stock worth $219,000 after purchasing an additional 944 shares during the period. Farther Finance Advisors LLC grew its holdings in Schrodinger by 347.4% in the second quarter. Farther Finance Advisors LLC now owns 1,284 shares of the company’s stock worth $26,000 after purchasing an additional 997 shares during the period. Tema Etfs LLC increased its stake in shares of Schrodinger by 6.3% during the second quarter. Tema Etfs LLC now owns 17,493 shares of the company’s stock valued at $352,000 after purchasing an additional 1,036 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Schrodinger by 8.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,343 shares of the company’s stock valued at $289,000 after purchasing an additional 1,082 shares during the last quarter. Institutional investors own 79.05% of the company’s stock.

Schrodinger Price Performance

SDGR stock opened at $16.79 on Friday. Schrodinger, Inc. has a 1-year low of $15.99 and a 1-year high of $28.47. The business has a fifty day moving average price of $17.83 and a 200-day moving average price of $19.40. The stock has a market capitalization of $1.24 billion, a P/E ratio of -6.97 and a beta of 1.54.

Schrodinger (NASDAQ:SDGR) last posted its earnings results 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 net margin of 68.49% and a negative return on equity of 48.24%. The business had revenue of $54.32 million for the quarter, compared to analysts’ expectations of $50.51 million. During the same quarter in the prior year, the business earned ($0.87) EPS. The business’s revenue for the quarter was up 53.9% compared to the same quarter last year. As a group, analysts anticipate that Schrodinger, Inc. will post -2.37 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SDGR shares. Cowen restated a “buy” rating on shares of Schrodinger in a research note on Thursday, January 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of Schrodinger in a research note on Friday, January 9th. TD Cowen lowered their price target on Schrodinger from $33.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Wall Street Zen cut shares of Schrodinger from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Finally, UBS Group started coverage on shares of Schrodinger in a research report on Wednesday, January 7th. They set a “neutral” rating and a $18.00 price objective on the stock. Six research 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $24.33.

About Schrodinger

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.