Investors Purchase High Volume of Call Options on Schrodinger (NASDAQ:SDGR)

Schrodinger, Inc. (NASDAQ:SDGR) was the target of unusually large options trading on Thursday. Investors acquired 4,268 call options on the stock. This is an increase of 412% compared to the typical volume of 834 call options.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. UBS Group assumed coverage on shares of Schrodinger in a report on Friday, August 14th. They set a “neutral” rating and a $19.00 price objective on the stock. Weiss Ratings raised shares of Schrodinger from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 27th. Finally, Wall Street Zen upgraded shares of Schrodinger from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 8th. Three investment 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, Schrodinger presently has an average rating of “Hold” and a consensus target price of $20.50.

Hedge Funds Weigh In On Schrodinger

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Schrodinger during the 2nd quarter valued at approximately $170,978,000. Rubric Capital Management LP increased its stake in Schrodinger by 43.8% during the first quarter. Rubric Capital Management LP now owns 6,000,000 shares of the company’s stock worth $68,160,000 after acquiring an additional 1,828,502 shares during the last quarter. Amova Asset Management Americas Inc. raised its position in Schrodinger by 13.2% in the first quarter. Amova Asset Management Americas Inc. now owns 3,190,837 shares of the company’s stock valued at $36,248,000 after purchasing an additional 371,167 shares during the period. Bank of New York Mellon Corp purchased a new stake in Schrodinger in the second quarter valued at $4,986,000. Finally, Tejara Capital Ltd acquired a new position in shares of Schrodinger in the 2nd quarter valued at $4,553,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Schrodinger Stock Down 4.0%

Shares of NASDAQ SDGR opened at $29.02 on Friday. The firm has a 50-day simple moving average of $18.51 and a 200-day simple moving average of $15.18. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of -39.22 and a beta of 1.69. Schrodinger has a 52 week low of $10.94 and a 52 week high of $30.41.

Schrodinger (NASDAQ:SDGR) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.49. The firm had revenue of $58.89 million for the quarter, compared to analyst estimates of $47.19 million. Schrodinger had a negative net margin of 20.98% and a negative return on equity of 16.37%. Schrodinger’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.65) earnings per share. As a group, equities research analysts expect that Schrodinger will post -1.5 EPS for the current year.

About Schrodinger

Schrödinger, Inc develops computational software designed to accelerate drug discovery and materials science research. Its platform uses physics-based modeling, machine learning and related computational methods to help scientists analyze molecular structures, predict interactions and identify potential compounds for further development.

The company’s software products support a range of research activities, including molecular modeling, virtual screening, structure-based drug design, free-energy calculations and collaborative data management.