Tejara Capital Ltd Takes $4.55 Million Position in Schrodinger, Inc. $SDGR

Key Points

• Tejara Capital Ltd initiated a $4.55 million position in Schrodinger during the second quarter, buying 280,202 shares and acquiring approximately 0.38% of the company.
• Analyst sentiment remains mixed: Schrodinger has an overall “Hold” rating, with an average price target of $20.50; ratings include three Buys, three Holds, and one Sell.
• Schrodinger’s latest quarterly results exceeded expectations, with revenue of $58.89 million and earnings of $0.08 per share, while revenue increased 7.5% year over year.

Tejara Capital Ltd bought a new position in Schrodinger, Inc. (NASDAQ:SDGR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 280,202 shares of the company's stock, valued at approximately $4,553,000. Schrodinger makes up about 1.9% of Tejara Capital Ltd's portfolio, making the stock its 18th biggest holding. Tejara Capital Ltd owned about 0.38% of Schrodinger at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in shares of Schrodinger by 722.8% in 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 in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Schrodinger during the 4th quarter valued at $26,000. Hantz Financial Services Inc. boosted its holdings in Schrodinger by 5,025.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,589 shares of the company's stock worth $28,000 after buying an additional 1,558 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Schrodinger in the 4th quarter worth $36,000. Finally, State of Wyoming purchased a new stake in Schrodinger in the 2nd quarter worth $39,000. Hedge funds and other institutional investors own 79.05% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. UBS Group assumed coverage on Schrodinger in a research report on Friday, August 14th. They issued a "neutral" rating and a $19.00 price objective on the stock. Morgan Stanley decreased their target price on Schrodinger from $19.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 14th. Weiss Ratings downgraded Schrodinger from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Wednesday, August 12th. Finally, Wall Street Zen raised shares of Schrodinger from a "strong sell" rating to a "hold" rating in a report on Saturday, August 8th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $20.50.

Schrodinger Trading Down 1.4%

Shares of SDGR stock opened at $19.58 on Friday. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -26.46 and a beta of 1.63. Schrodinger, Inc. has a 12-month low of $10.94 and a 12-month high of $23.02. The stock's 50-day moving average price is $16.35 and its 200-day moving average price is $13.89.

Schrodinger (NASDAQ:SDGR - Get Free Report) last released 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. Schrodinger had a negative return on equity of 16.37% and a negative net margin of 20.98%.The business had revenue of $58.89 million during the quarter, compared to analysts' expectations of $47.19 million. During the same quarter last year, the business posted ($0.65) EPS. The firm's revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, research analysts predict that Schrodinger, Inc. will post -1.89 EPS for the current fiscal year.

About Schrodinger

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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