Schrodinger (NASDAQ:SDGR) Trading 6.2% Higher – Time to Buy?

Schrodinger, Inc. (NASDAQ:SDGR)’s share price traded up 6.2% during trading on Friday . The stock traded as high as $16.74 and last traded at $17.1480. 339,232 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 1,368,749 shares. The stock had previously closed at $16.14.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. KeyCorp cut their price objective on Schrodinger from $25.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Wall Street Zen cut shares of Schrodinger from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 9th. UBS Group reduced their price target on shares of Schrodinger from $18.00 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 17th. Finally, Morgan Stanley decreased their price objective on shares of Schrodinger from $19.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, May 14th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Schrodinger currently has a consensus rating of “Hold” and a consensus target price of $20.25.

Schrodinger Trading Up 5.2%

The firm has a market cap of $1.25 billion, a PE ratio of -12.11 and a beta of 1.64. The firm has a 50 day moving average price of $13.58 and a 200-day moving average price of $14.14.

Schrodinger (NASDAQ:SDGR) last released its earnings results on Tuesday, May 5th. The company reported ($0.81) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.25). The firm had revenue of $58.59 million for the quarter, compared to analysts’ expectations of $47.57 million. Schrodinger had a negative return on equity of 30.85% and a negative net margin of 40.61%.The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.82) earnings per share. Equities analysts forecast that Schrodinger, Inc. will post -1.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Schrodinger

In other news, CEO Ramy Farid sold 43,000 shares of Schrodinger stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $12.33, for a total transaction of $530,190.00. Following the completion of the sale, the chief executive officer directly owned 330,824 shares of the company’s stock, valued at approximately $4,079,059.92. The trade was a 11.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 10.10% of the company’s stock.

Institutional Trading of Schrodinger

A number of institutional investors have recently bought and sold shares of the business. Verity Asset Management Inc. boosted its position in shares of Schrodinger by 1.2% during the 4th quarter. Verity Asset Management Inc. now owns 65,722 shares of the company’s stock worth $1,175,000 after acquiring an additional 798 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Schrodinger by 6.3% during the fourth quarter. Handelsbanken Fonder AB now owns 15,200 shares of the company’s stock worth $272,000 after purchasing an additional 900 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in Schrodinger by 2.0% in the first quarter. Kestra Advisory Services LLC now owns 51,429 shares of the company’s stock valued at $584,000 after purchasing an additional 1,002 shares in the last quarter. Quarry LP boosted its holdings in Schrodinger by 73.6% in the third quarter. Quarry LP now owns 2,401 shares of the company’s stock valued at $48,000 after purchasing an additional 1,018 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Schrodinger by 722.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,374 shares of the company’s stock valued at $25,000 after purchasing an additional 1,207 shares during the last quarter. 79.05% of the stock is owned by hedge funds and other institutional investors.

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.