Slow Capital Inc. Purchases New Shares in Schrodinger, Inc. $SDGR

Key Points

• Slow Capital Inc. acquired 103,647 shares of Schrodinger, Inc. worth approximately $2,085,000, representing about 0.14% of the company as of their latest SEC filing.
• A series of institutional investors have significantly increased their stakes in Schrodinger during the 2nd quarter, with total institutional ownership now at 79.05%.
• Schrodinger has received mixed reviews from analysts, with a consensus rating of "Hold" and a price target of $26.57 despite recent downgrades from several firms.

Slow Capital Inc. acquired a new stake in Schrodinger, Inc. (NASDAQ:SDGR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 103,647 shares of the company's stock, valued at approximately $2,085,000. Slow Capital Inc. owned about 0.14% of Schrodinger as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Farther Finance Advisors LLC grew its stake in Schrodinger by 347.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,284 shares of the company's stock valued at $26,000 after purchasing an additional 997 shares during the period. ANTIPODES PARTNERS Ltd bought a new position in shares of Schrodinger during the 1st quarter valued at approximately $37,000. PNC Financial Services Group Inc. grew its position in shares of Schrodinger by 29.9% during the 1st 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 period. GAMMA Investing LLC increased its stake in shares of Schrodinger by 118.5% during the 1st quarter. GAMMA Investing LLC now owns 6,109 shares of the company's stock worth $121,000 after purchasing an additional 3,313 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of Schrodinger by 100.0% in the 1st quarter. Federated Hermes Inc. now owns 10,000 shares of the company's stock worth $197,000 after purchasing an additional 5,000 shares during the period. Hedge funds and other institutional investors own 79.05% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wall Street Zen downgraded Schrodinger from a "hold" rating to a "sell" rating in a research report on Saturday. The Goldman Sachs Group assumed coverage on Schrodinger in a report on Monday, September 29th. They issued a "neutral" rating and a $19.00 price objective for the company. Citigroup cut Schrodinger from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $35.00 to $20.00 in a research note on Friday, August 15th. Barclays assumed coverage on shares of Schrodinger in a research report on Thursday, August 14th. They set an "overweight" rating and a $25.00 target price for the company. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Schrodinger in a research report on Saturday, September 27th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Schrodinger presently has a consensus rating of "Hold" and a consensus price target of $26.57.

Schrodinger Price Performance

Shares of NASDAQ:SDGR opened at $21.29 on Tuesday. The firm has a fifty day moving average price of $19.59 and a two-hundred day moving average price of $21.38. The company has a market cap of $1.57 billion, a price-to-earnings ratio of -8.58 and a beta of 1.74. Schrodinger, Inc. has a one year low of $16.60 and a one year high of $28.47.

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

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.

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