71,397 Shares in Schrodinger, Inc. $SDGR Bought by Ieq Capital LLC

Ieq Capital LLC acquired a new stake in Schrodinger, Inc. (NASDAQ:SDGR) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 71,397 shares of the company’s stock, valued at approximately $1,160,000. Ieq Capital LLC owned about 0.10% of Schrodinger at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Rubric Capital Management LP boosted its stake 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 stake in Schrodinger in the first quarter valued at approximately $1,978,000. UBS Group AG raised its holdings in Schrodinger by 51.3% in the fourth quarter. UBS Group AG now owns 1,442,799 shares of the company’s stock worth $25,797,000 after purchasing an additional 489,059 shares during the period. Tejara Capital Ltd acquired a new stake in Schrodinger in the second quarter worth $4,553,000. Finally, Wesbanco Bank Inc. bought a new position in shares of Schrodinger during the fourth quarter worth $839,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on SDGR. Wall Street Zen upgraded shares of Schrodinger from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings lowered Schrodinger from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, August 12th. Morgan Stanley decreased their target price on Schrodinger from $19.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, May 14th. Finally, UBS Group began coverage on Schrodinger in a report on Friday, August 14th. They issued a “neutral” rating and a $19.00 price target for the company. 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 company’s stock. Based on data from MarketBeat, Schrodinger presently has an average rating of “Hold” and a consensus target price of $20.50.

Schrodinger Stock Performance

NASDAQ:SDGR opened at $19.47 on Thursday. The stock has a 50-day simple moving average of $16.72 and a 200 day simple moving average of $14.07. Schrodinger, Inc. has a 52-week low of $10.94 and a 52-week high of $23.02. The company has a market cap of $1.44 billion, a PE ratio of -26.31 and a beta of 1.63.

Schrodinger (NASDAQ:SDGR) last released 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 for the quarter, compared to analysts’ expectations of $47.19 million. During the same quarter in the previous year, the business posted ($0.65) EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, research analysts predict that Schrodinger, Inc. will post -1.89 earnings per share for the current fiscal year.

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.