Schrodinger (NASDAQ:SDGR) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Schrodinger (NASDAQ:SDGR) from a strong sell rating to a hold rating in a research note published on Saturday.

SDGR has been the subject of several other reports. Morgan Stanley decreased their price objective on shares of Schrodinger from $19.00 to $17.00 and set an “equal weight” rating for the company in a report on Thursday, May 14th. Weiss Ratings upgraded shares of Schrodinger from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $20.25.

Schrodinger Trading Up 2.0%

Schrodinger stock opened at $18.16 on Friday. The stock has a market cap of $1.34 billion, a P/E ratio of -24.54 and a beta of 1.63. The stock has a 50 day moving average of $15.69 and a 200-day moving average of $13.73. Schrodinger has a 52 week low of $10.94 and a 52 week high of $23.02.

Schrodinger (NASDAQ:SDGR) last released 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 business had revenue of $58.89 million during the quarter, compared to the consensus estimate of $47.19 million. Schrodinger had a negative net margin of 20.98% and a negative return on equity of 16.37%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.65) earnings per share. As a group, equities analysts predict that Schrodinger will post -1.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Schrodinger

Institutional investors and hedge funds have recently made changes to their positions in the company. 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 valued at $68,160,000 after purchasing an additional 1,828,502 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Schrodinger by 3.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,714,767 shares of the company’s stock worth $84,300,000 after purchasing an additional 160,198 shares during the period. UBS Group AG lifted its position in shares of Schrodinger by 51.3% in the 4th quarter. UBS Group AG now owns 1,442,799 shares of the company’s stock worth $25,797,000 after buying an additional 489,059 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Schrodinger by 10.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,291,349 shares of the company’s stock worth $40,969,000 after buying an additional 218,916 shares during the last quarter. Finally, Wesbanco Bank Inc. acquired a new position in shares of Schrodinger in the 4th quarter valued at about $839,000. 79.05% of the stock is owned by institutional investors and hedge funds.

About Schrodinger

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.