Beacon Pointe Advisors LLC purchased a new position in shares of Schrodinger, Inc. (NASDAQ:SDGR - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 51,650 shares of the company's stock, valued at approximately $839,000. Beacon Pointe Advisors LLC owned 0.07% of Schrodinger at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in 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 in the last quarter. Los Angeles Capital Management LLC bought a new stake in Schrodinger during the fourth quarter worth $26,000. Hantz Financial Services Inc. boosted its holdings in shares of Schrodinger by 5,025.8% in the 4th 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 in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Schrodinger in the 4th quarter valued at $36,000. Finally, State of Wyoming bought a new position in shares of Schrodinger in the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 79.05% of the company's stock.
Schrodinger Trading Down 1.0%
Shares of SDGR stock opened at $19.50 on Tuesday. Schrodinger, Inc. has a 1-year low of $10.94 and a 1-year high of $23.02. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of -26.35 and a beta of 1.63. The stock has a 50-day moving average of $16.97 and a 200-day moving average of $14.20.
Schrodinger (NASDAQ:SDGR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $58.89 million for the quarter, compared to analyst estimates of $47.19 million. During the same period in the previous year, the firm earned ($0.65) earnings per share. The firm's quarterly revenue was up 7.5% on a year-over-year basis. Sell-side analysts forecast that Schrodinger, Inc. will post -1.89 earnings per share for the current year.
Analyst Ratings Changes
SDGR has been the subject of several recent analyst reports. Wall Street Zen upgraded Schrodinger from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 8th. UBS Group assumed coverage on Schrodinger in a research report on Friday, August 14th. They issued a "neutral" rating and a $19.00 target price on the stock. Weiss Ratings raised shares of Schrodinger from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday. Finally, Morgan Stanley dropped their target price on shares of Schrodinger from $19.00 to $17.00 and set an "equal weight" rating for the company in a report on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Schrodinger has an average rating of "Hold" and an average price target of $20.50.
View Our Latest Report on SDGR
Schrodinger Company Profile
(
Free Report)
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.
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