Wall Street Zen Upgrades Schrodinger (NASDAQ:SDGR) to Hold

Schrodinger (NASDAQ:SDGR) was upgraded by analysts at Wall Street Zen from a “strong sell” rating to a “hold” rating in a report released on Saturday.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings raised Schrodinger from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 29th. Morgan Stanley dropped their price target on shares of Schrodinger from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 14th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Schrodinger has a consensus rating of “Hold” and a consensus target price of $20.25.

Schrodinger Price Performance

Shares of NASDAQ SDGR opened at $18.16 on Friday. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -24.54 and a beta of 1.63. The business has a 50-day moving average of $15.69 and a 200-day moving average of $13.71. Schrodinger has a fifty-two week low of $10.94 and a fifty-two week high of $23.02.

Schrodinger (NASDAQ:SDGR) last released its earnings results on Wednesday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.49. Schrodinger had a negative return on equity of 16.37% and a negative net margin of 20.98%.The business had revenue of $58.89 million for the quarter, compared to the consensus estimate of $47.19 million. During the same quarter in the previous year, the business earned ($0.65) earnings per share. Schrodinger’s quarterly revenue was up 7.5% on a year-over-year basis. On average, sell-side analysts expect that Schrodinger will post -1.94 EPS for the current year.

Institutional Investors Weigh In On Schrodinger

A number of institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its stake in Schrodinger by 722.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,374 shares of the company’s stock worth $25,000 after purchasing an additional 1,207 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Schrodinger in the 4th quarter valued at about $26,000. Hantz Financial Services Inc. grew its position in shares of Schrodinger by 5,025.8% during the 4th quarter. Hantz Financial Services Inc. now owns 1,589 shares of the company’s stock worth $28,000 after purchasing an additional 1,558 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Schrodinger during the 4th quarter worth approximately $36,000. Finally, State of Wyoming bought a new position in shares of Schrodinger during the second quarter worth approximately $39,000. 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.