Deutsche Bank AG Lowers Position in Schrodinger, Inc. $SDGR

Key Points

• Deutsche Bank AG reduced its stake in Schrodinger, Inc. by 81.0%, selling 188,717 shares, and now holds 44,309 shares, worth approximately $875,000.
• Schrodinger reported a quarterly revenue of $54.76 million, surpassing analyst expectations, and an EPS of ($0.59), which beat the consensus estimate of ($0.83).
• Current analyst ratings for Schrodinger show a consensus of "Moderate Buy" with an average target price of $27.83, though several firms have recently adjusted their price objectives for the stock.

Deutsche Bank AG lessened its holdings in Schrodinger, Inc. (NASDAQ:SDGR - Free Report) by 81.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 44,309 shares of the company's stock after selling 188,717 shares during the period. Deutsche Bank AG owned about 0.06% of Schrodinger worth $875,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Greenwood Capital Associates LLC boosted its holdings in shares of Schrodinger by 2.7% in the 1st quarter. Greenwood Capital Associates LLC now owns 23,139 shares of the company's stock valued at $457,000 after buying an additional 612 shares in the last quarter. United Advisor Group LLC raised its stake in shares of Schrodinger by 3.3% during the 4th quarter. United Advisor Group LLC now owns 19,769 shares of the company's stock worth $381,000 after acquiring an additional 634 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Schrodinger by 29.9% during the first quarter. PNC Financial Services Group Inc. now owns 2,956 shares of the company's stock valued at $58,000 after acquiring an additional 680 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Schrodinger by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,643 shares of the company's stock valued at $610,000 after acquiring an additional 1,202 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in Schrodinger in the fourth quarter valued at approximately $27,000. 79.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SDGR shares. Citigroup downgraded Schrodinger from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $35.00 to $20.00 in a research report on Friday, August 15th. Barclays assumed coverage on Schrodinger in a research note on Thursday, August 14th. They set an "overweight" rating and a $25.00 target price on the stock. Morgan Stanley reduced their target price on Schrodinger from $28.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Monday, August 18th. Finally, KeyCorp lowered their price target on Schrodinger from $32.00 to $30.00 and set an "overweight" rating for the company in a report on Monday, July 14th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.83.

Schrodinger Stock Performance

Shares of Schrodinger stock traded down $0.03 during trading on Thursday, hitting $19.76. 953,850 shares of the company's stock were exchanged, compared to its average volume of 1,161,298. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -7.97 and a beta of 1.67. The business has a 50-day simple moving average of $20.58 and a 200-day simple moving average of $22.03. Schrodinger, Inc. has a 52-week low of $16.60 and a 52-week high of $28.47.

Schrodinger (NASDAQ:SDGR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.59) EPS for the quarter, beating the consensus estimate of ($0.83) by $0.24. The company had revenue of $54.76 million for the quarter, compared to analyst estimates of $52.03 million. Schrodinger had a negative net margin of 76.22% and a negative return on equity of 45.70%. The firm's revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.66) earnings per share. On average, equities analysts anticipate that Schrodinger, Inc. will post -2.37 earnings per share for the current fiscal year.

Schrodinger Profile

Schrödinger, Inc, together with its subsidiaries, develops physics-based computational platform that enables discovery of novel molecules for drug development and materials applications. The company operates in two segments, Software and Drug Discovery. The Software segment is focused on licensing its software to transform molecular discovery for life sciences and materials science industries.