Schrodinger (NASDAQ:SDGR) Hits New 52-Week High – Should You Buy?

Schrodinger, Inc. (NASDAQ:SDGR)’s stock price reached a new 52-week high on Monday . The stock traded as high as $30.62 and last traded at $30.3950, with a volume of 1082149 shares trading hands. The stock had previously closed at $29.02.

Wall Street Analyst Weigh In

Several research analysts have commented on SDGR shares. Weiss Ratings raised Schrodinger from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 27th. Wall Street Zen upgraded shares of Schrodinger from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, UBS Group initiated coverage on shares of Schrodinger in a report on Friday, August 14th. They set a “neutral” rating and a $19.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $20.50.

Schrodinger Trading Up 5.2%

The business has a 50-day moving average of $18.51 and a two-hundred day moving average of $15.20. The firm has a market cap of $2.25 billion, a P/E ratio of -41.24 and a beta of 1.69.

Schrodinger (NASDAQ:SDGR) last posted its earnings results on Wednesday, August 5th. The company reported $0.08 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $58.89 million during the quarter, compared to the consensus estimate of $47.19 million. During the same period last year, the company earned ($0.65) earnings per share. The business’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, equities analysts expect that Schrodinger, Inc. will post -1.5 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SDGR. Rubric Capital Management LP grew its holdings in Schrodinger by 43.8% during the 1st 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. Quantinno Capital Management LP bought a new position in shares of Schrodinger during the first quarter valued at $1,978,000. Tejara Capital Ltd acquired a new position in shares of Schrodinger during the second quarter worth $4,553,000. BlackRock Inc. acquired a new position in shares of Schrodinger during the second quarter worth $170,978,000. Finally, Beacon Pointe Advisors LLC bought a new stake in shares of Schrodinger in the second quarter worth $839,000. Institutional investors own 79.05% of the company’s stock.

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.