Schrodinger (NASDAQ:SDGR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Schrodinger (NASDAQ:SDGR) from a sell rating to a hold rating in a research report sent to investors on Saturday.

SDGR has been the subject of a number of other reports. KeyCorp dropped their price objective on shares of Schrodinger from $28.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Bank of America raised Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Monday, December 15th. TD Cowen reiterated a “buy” rating on shares of Schrodinger in a research report on Thursday, January 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of Schrodinger in a report on Friday, January 9th. Finally, UBS Group initiated coverage on Schrodinger in a research note on Wednesday, January 7th. They issued a “neutral” rating and a $18.00 target price for the company. Five 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $24.33.

Schrodinger Trading Up 0.9%

Shares of SDGR opened at $14.09 on Friday. The company has a market cap of $1.04 billion, a PE ratio of -5.85 and a beta of 1.57. The stock has a 50-day moving average price of $17.43 and a 200-day moving average price of $18.95. Schrodinger has a 12-month low of $13.44 and a 12-month high of $28.47.

Schrodinger (NASDAQ:SDGR) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.45) earnings per share for the quarter, topping 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 company had revenue of $54.32 million for the quarter, compared to analysts’ expectations of $50.51 million. During the same period in the prior year, the business earned ($0.87) earnings per share. Schrodinger’s revenue for the quarter was up 53.9% compared to the same quarter last year. As a group, analysts predict that Schrodinger will post -2.37 earnings per share for the current year.

Hedge Funds Weigh In On Schrodinger

A number of large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its holdings in shares of 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 last quarter. Bayforest Capital Ltd bought a new stake in Schrodinger during the 2nd quarter valued at $30,000. Aster Capital Management DIFC Ltd boosted its position in Schrodinger by 212.4% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 1,943 shares of the company’s stock valued at $39,000 after buying an additional 1,321 shares during the period. State of Wyoming bought a new stake in Schrodinger in the 2nd quarter worth $39,000. Finally, SBI Securities Co. Ltd. grew its holdings in Schrodinger by 110.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,127 shares of the company’s stock worth $43,000 after acquiring an additional 1,116 shares during the last quarter. 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.