Schrodinger (NASDAQ:SDGR) Upgraded 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 report released on Saturday morning.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley cut their price objective on shares of Schrodinger from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 14th. Weiss Ratings upgraded shares of Schrodinger from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $20.25.

Schrodinger Stock Performance

Shares of Schrodinger stock opened at $18.77 on Friday. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of -25.36 and a beta of 1.63. The stock has a 50 day moving average price of $15.75 and a 200-day moving average price of $13.72. Schrodinger has a one year low of $10.94 and a one year 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, beating the consensus estimate of ($0.41) by $0.49. The company had revenue of $58.89 million for the quarter, compared to analyst estimates of $47.19 million. Schrodinger had a negative return on equity of 16.37% and a negative net margin of 20.98%.Schrodinger’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.65) EPS. Sell-side analysts predict that Schrodinger will post -1.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Schrodinger

Several hedge funds and other institutional investors have recently modified their holdings of SDGR. EverSource Wealth Advisors LLC grew its position in Schrodinger by 722.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,374 shares of the company’s stock valued at $25,000 after acquiring an additional 1,207 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Schrodinger during the fourth quarter worth $26,000. Hantz Financial Services Inc. boosted its stake in shares of Schrodinger by 5,025.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,589 shares of the company’s stock valued at $28,000 after purchasing an additional 1,558 shares during the period. State of Wyoming purchased a new stake in shares of Schrodinger during the second quarter valued at $39,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Schrodinger in the fourth quarter worth about $36,000. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

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.