Schrodinger (NASDAQ:SDGR) Trading 4.6% Higher – Should You Buy?

Shares of Schrodinger, Inc. (NASDAQ:SDGR) shot up 4.6% on Tuesday . The stock traded as high as $20.22 and last traded at $20.3950. 318,003 shares traded hands during trading, a decline of 76% from the average session volume of 1,316,290 shares. The stock had previously closed at $19.50.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. UBS Group assumed coverage on Schrodinger in a research report on Friday, August 14th. They set a “neutral” rating and a $19.00 price target on the stock. Weiss Ratings upgraded Schrodinger from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday. Morgan Stanley cut their target price on Schrodinger from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 14th. Finally, Wall Street Zen raised shares of Schrodinger from a “strong sell” rating to a “hold” rating in a report on Saturday, August 8th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $20.50.

Schrodinger Stock Up 6.8%

The stock has a market capitalization of $1.54 billion, a P/E ratio of -28.15 and a beta of 1.63. The firm’s 50-day simple moving average is $16.97 and its 200 day simple moving average is $14.20.

Schrodinger (NASDAQ:SDGR) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.49. The company had revenue of $58.89 million for the quarter, compared to analysts’ expectations of $47.19 million. Schrodinger had a negative return on equity of 16.37% and a negative net margin of 20.98%.The firm’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.65) earnings per share. As a group, equities analysts anticipate that Schrodinger, Inc. will post -1.89 EPS for the current fiscal year.

Institutional Trading of Schrodinger

Several institutional investors and hedge funds have recently bought and sold shares of SDGR. Handelsbanken Fonder AB boosted its holdings in shares of Schrodinger by 6.3% in the fourth quarter. Handelsbanken Fonder AB now owns 15,200 shares of the company’s stock worth $272,000 after buying an additional 900 shares during the period. Kestra Advisory Services LLC raised its holdings in shares of Schrodinger by 2.0% during the first quarter. Kestra Advisory Services LLC now owns 51,429 shares of the company’s stock valued at $584,000 after acquiring an additional 1,002 shares during the period. Quarry LP raised its holdings in shares of Schrodinger by 73.6% during the third quarter. Quarry LP now owns 2,401 shares of the company’s stock valued at $48,000 after acquiring an additional 1,018 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Schrodinger by 722.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,374 shares of the company’s stock valued at $25,000 after acquiring an additional 1,207 shares in the last quarter. Finally, Entropy Technologies LP grew its position in Schrodinger by 11.5% during the 4th quarter. Entropy Technologies LP now owns 12,946 shares of the company’s stock worth $231,000 after purchasing an additional 1,336 shares in the last quarter. Institutional investors and hedge funds 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.