Dimensional Fund Advisors LP Cuts Holdings in Schrodinger, Inc. $SDGR

Key Points

• Dimensional Fund Advisors reduced its Schrodinger stake by 12.7% in the first quarter, selling 128,983 shares. It still held 883,648 shares, worth approximately $10.0 million, representing about 1.2% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $20.25. Morgan Stanley cut its target from $19 to $17, while other ratings changes ranged from “Buy” to “Sell.”
• Schrodinger’s latest quarterly results beat expectations, reporting $0.08 EPS versus a projected $0.41 loss and revenue of $58.89 million, up 7.5% year over year. Despite the beat, the company remains unprofitable, with a negative net margin of 20.98%.

Dimensional Fund Advisors LP decreased its stake in Schrodinger, Inc. (NASDAQ:SDGR - Free Report) by 12.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 883,648 shares of the company's stock after selling 128,983 shares during the period. Dimensional Fund Advisors LP owned about 1.20% of Schrodinger worth $10,036,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its stake in Schrodinger by 722.8% during the fourth 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 during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Schrodinger in the 4th quarter worth about $26,000. Hantz Financial Services Inc. increased its position in shares of Schrodinger by 5,025.8% during 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 during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Schrodinger during the 4th quarter valued at about $36,000. Finally, State of Wyoming purchased a new position in shares of Schrodinger during the 2nd quarter valued at about $39,000. Hedge funds and other institutional investors own 79.05% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SDGR shares. Wall Street Zen raised Schrodinger from a "strong sell" rating to a "hold" rating in a research note on Saturday. Morgan Stanley lowered their price objective 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. Finally, Weiss Ratings raised shares of Schrodinger from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $20.25.

Schrodinger Stock Performance

NASDAQ:SDGR opened at $18.16 on Monday. The firm has a market cap of $1.34 billion, a PE ratio of -24.54 and a beta of 1.63. Schrodinger, Inc. has a fifty-two week low of $10.94 and a fifty-two week high of $23.02. The business has a 50 day moving average price of $15.69 and a 200-day moving average price of $13.71.

Schrodinger (NASDAQ:SDGR - Get Free Report) last announced 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 business 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.65) EPS. Research analysts predict that Schrodinger, Inc. will post -1.94 EPS for the current year.

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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