Deutsche Bank AG Purchases Shares of 62,368 Schrodinger, Inc. $SDGR

Key Points

• Deutsche Bank AG purchased 62,368 Schrodinger shares during the second quarter, valued at approximately $1.01 million and representing about 0.08% of the company.
• Schrodinger reported quarterly EPS of $0.08, beating estimates by $0.49, while revenue rose 7.5% year over year to $58.89 million. However, the company remains unprofitable, with a negative net margin of 20.98%.
• SDGR opened at $19.70, near analysts’ average price target of $20.50. Wall Street’s consensus rating is Hold, with three Buy, three Hold, and one Sell rating.

Deutsche Bank AG purchased a new position in Schrodinger, Inc. (NASDAQ:SDGR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 62,368 shares of the company's stock, valued at approximately $1,013,000. Deutsche Bank AG owned approximately 0.08% of Schrodinger as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SDGR. EverSource Wealth Advisors LLC grew its stake in Schrodinger by 722.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,374 shares of the company's stock worth $25,000 after purchasing an additional 1,207 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Schrodinger in the 4th quarter valued at about $26,000. Hantz Financial Services Inc. boosted its stake 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 buying an additional 1,558 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Schrodinger in the 4th quarter valued at about $36,000. Finally, State of Wyoming acquired a new position in shares of Schrodinger during the second quarter worth about $39,000. Hedge funds and other institutional investors own 79.05% of the company's stock.

Schrodinger Stock Performance

Schrodinger stock opened at $19.70 on Monday. Schrodinger, Inc. has a twelve month low of $10.94 and a twelve month high of $23.02. The stock has a 50 day moving average of $16.89 and a two-hundred day moving average of $14.16. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -26.62 and a beta of 1.63.

Schrodinger (NASDAQ:SDGR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.49. The firm had revenue of $58.89 million during the quarter, compared to analysts' expectations of $47.19 million. Schrodinger had a negative net margin of 20.98% and a negative return on equity of 16.37%. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.65) earnings per share. Equities analysts predict that Schrodinger, Inc. will post -1.89 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SDGR. UBS Group began coverage on Schrodinger in a research note on Friday, August 14th. They issued a "neutral" rating and a $19.00 price target on the stock. Wall Street Zen raised Schrodinger from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 8th. Weiss Ratings upgraded Schrodinger from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday. Finally, Morgan Stanley cut their target price on Schrodinger from $19.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 14th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Schrodinger currently has a consensus rating of "Hold" and an average price target of $20.50.

Schrodinger 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.

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