Jones Financial Companies Lllp Purchases 215,493 Shares of Schrodinger, Inc. $SDGR

Key Points

• Jones Financial Companies Lllp significantly increased its stake in Schrodinger, Inc. by 34,925.9%, owning 216,110 shares valued at approximately $4.27 million.
• Schrodinger reported a quarterly EPS of ($0.59), surpassing analysts' expectations, with a revenue increase of 15.7% year-over-year to $54.76 million.
• Recent analyst downgrades have affected Schrodinger's stock ratings, with Morgan Stanley lowering its target price from $28.00 to $19.00 while Barclays and KeyCorp maintain overweight ratings at $25.00 and $30.00 respectively.

Jones Financial Companies Lllp raised its position in shares of Schrodinger, Inc. (NASDAQ:SDGR - Free Report) by 34,925.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,110 shares of the company's stock after purchasing an additional 215,493 shares during the period. Jones Financial Companies Lllp owned approximately 0.30% of Schrodinger worth $4,266,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Schrodinger by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,055 shares of the company's stock valued at $653,000 after purchasing an additional 1,412 shares in the last quarter. Kodai Capital Management LP acquired a new position in Schrodinger during the first quarter valued at approximately $3,026,000. American Century Companies Inc. acquired a new position in Schrodinger during the first quarter valued at approximately $19,787,000. Tejara Capital Ltd raised its position in Schrodinger by 65.8% during the first quarter. Tejara Capital Ltd now owns 134,172 shares of the company's stock valued at $2,649,000 after purchasing an additional 53,265 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its position in Schrodinger by 26.8% during the first quarter. Public Sector Pension Investment Board now owns 175,760 shares of the company's stock valued at $3,470,000 after purchasing an additional 37,168 shares in the last quarter. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Schrodinger Price Performance

Shares of Schrodinger stock traded down $0.21 during trading on Friday, hitting $18.57. The company's stock had a trading volume of 688,777 shares, compared to its average volume of 974,219. Schrodinger, Inc. has a 52 week low of $16.60 and a 52 week high of $28.47. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of -7.49 and a beta of 1.79. The stock has a 50-day moving average price of $20.22 and a two-hundred day moving average price of $21.62.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on SDGR shares. Wall Street Zen downgraded shares of Schrodinger from a "hold" rating to a "sell" rating in a research report on Saturday, August 30th. Morgan Stanley decreased their target price on shares of Schrodinger from $28.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Monday, August 18th. KeyCorp decreased their target price on shares of Schrodinger from $32.00 to $30.00 and set an "overweight" rating on the stock in a research note on Monday, July 14th. Citigroup cut shares of Schrodinger from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $35.00 to $20.00 in a research note on Friday, August 15th. Finally, Barclays started coverage on shares of Schrodinger in a research note on Thursday, August 14th. They set an "overweight" rating and a $25.00 target price on the stock. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $27.83.

Schrodinger Company 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.