Schrodinger (NASDAQ:SDGR) Trading 9.7% Higher – Should You Buy?

Schrodinger, Inc. (NASDAQ:SDGR) was up 9.7% during mid-day trading on Monday . The stock traded as high as $20.77 and last traded at $20.8650. 965,092 shares traded hands during trading, a decline of 26% from the average daily volume of 1,299,966 shares. The stock had previously closed at $19.02.

Wall Street Analysts Forecast Growth

SDGR has been the topic of several research reports. Weiss Ratings raised Schrodinger from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 27th. UBS Group assumed coverage on Schrodinger in a research report on Friday, August 14th. They set a “neutral” rating and a $19.00 price target for the company. Finally, Wall Street Zen upgraded Schrodinger from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 8th. 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. According to data from MarketBeat.com, Schrodinger has a consensus rating of “Hold” and a consensus price target of $20.50.

Schrodinger Stock Up 8.4%

The firm’s 50 day simple moving average is $17.62 and its 200-day simple moving average is $14.73. The company has a market capitalization of $1.52 billion, a PE ratio of -27.95 and a beta of 1.69.

Schrodinger (NASDAQ:SDGR) last issued its earnings results on Wednesday, August 5th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.49. The business had revenue of $58.89 million for 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 revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.65) EPS. As a group, sell-side analysts anticipate that Schrodinger, Inc. will post -1.5 EPS for the current fiscal year.

Institutional Trading of Schrodinger

Several large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its stake in shares of Schrodinger by 722.8% during 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 period. Los Angeles Capital Management LLC acquired a new position in Schrodinger in the 4th quarter worth $26,000. Hantz Financial Services Inc. lifted its holdings in Schrodinger by 5,025.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,589 shares of the company’s stock worth $28,000 after buying an additional 1,558 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Schrodinger during the fourth quarter worth about $36,000. Finally, State of Wyoming purchased a new stake in shares of Schrodinger during the second quarter worth about $39,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Schrodinger Company Profile

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.