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 report released on Saturday morning.

A number of other research firms have also weighed in on SDGR. Morgan Stanley reduced their price objective on Schrodinger from $28.00 to $19.00 and set an “equal weight” rating for the company in a research note on Monday, August 18th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Schrodinger in a research report on Tuesday, October 14th. The Goldman Sachs Group initiated coverage on Schrodinger in a research report on Monday, September 29th. They set a “neutral” rating and a $19.00 price target for the company. Barclays initiated coverage on shares of Schrodinger in a report on Thursday, August 14th. They set an “overweight” rating and a $25.00 target price for the company. Finally, KeyCorp cut their target price on shares of Schrodinger from $30.00 to $28.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $26.29.

Schrodinger Trading Down 1.6%

SDGR opened at $22.17 on Friday. Schrodinger has a 12-month low of $16.60 and a 12-month high of $28.47. The firm has a market capitalization of $1.63 billion, a PE ratio of -8.94 and a beta of 1.74. The firm has a 50 day moving average of $19.88 and a two-hundred day moving average of $21.49.

Schrodinger (NASDAQ:SDGR) last issued its earnings results on Wednesday, August 6th. The company reported ($0.59) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.83) by $0.24. Schrodinger had a negative net margin of 76.22% and a negative return on equity of 45.70%. The firm had revenue of $54.76 million during the quarter, compared to analysts’ expectations of $52.03 million. During the same quarter last year, the company posted ($0.66) earnings per share. The firm’s revenue was up 15.7% compared to the same quarter last year. As a group, analysts predict that Schrodinger will post -2.37 EPS for the current fiscal year.

Insider Activity at Schrodinger

In other news, insider Margaret Dugan sold 1,395 shares of the business’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $21.07, for a total transaction of $29,392.65. Following the completion of the sale, the insider owned 24,574 shares of the company’s stock, valued at $517,774.18. The trade was a 5.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 21.00% of the stock is owned by corporate insiders.

Institutional Trading of Schrodinger

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC increased its stake in Schrodinger by 118.5% during the 1st quarter. GAMMA Investing LLC now owns 6,109 shares of the company’s stock worth $121,000 after buying an additional 3,313 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Schrodinger by 30.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 174,371 shares of the company’s stock worth $3,442,000 after purchasing an additional 40,568 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Schrodinger by 2.3% during the first quarter. Principal Financial Group Inc. now owns 276,715 shares of the company’s stock worth $5,462,000 after purchasing an additional 6,266 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Schrodinger by 13.4% during the first quarter. Envestnet Asset Management Inc. now owns 210,634 shares of the company’s stock worth $4,158,000 after purchasing an additional 24,880 shares in the last quarter. Finally, Stephens Investment Management Group LLC increased its position in shares of Schrodinger by 22.5% during the first quarter. Stephens Investment Management Group LLC now owns 1,969,941 shares of the company’s stock worth $38,887,000 after purchasing an additional 362,285 shares in the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.

About Schrodinger

Schrödinger, Inc, together with its subsidiaries, develops physics-based computational platform that enables discovery of novel molecules for drug development and materials applications. The company operates in two segments, Software and Drug Discovery. The Software segment is focused on licensing its software to transform molecular discovery for life sciences and materials science industries.