Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 204,000 Schrodinger, Inc. (NASDAQ:SDGR)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Schrodinger, Inc. (NASDAQ:SDGR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 204,000 shares of the company's stock, valued at approximately $4,027,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.28% of Schrodinger at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SDGR. Point72 Hong Kong Ltd purchased a new position in Schrodinger during the fourth quarter valued at $27,000. GAMMA Investing LLC lifted its stake in shares of Schrodinger by 118.5% in the first quarter. GAMMA Investing LLC now owns 6,109 shares of the company's stock worth $121,000 after buying an additional 3,313 shares in the last quarter. Bayesian Capital Management LP purchased a new position in shares of Schrodinger in the fourth quarter worth about $199,000. XTX Topco Ltd purchased a new position in shares of Schrodinger in the fourth quarter worth about $199,000. Finally, Captrust Financial Advisors purchased a new position in shares of Schrodinger in the fourth quarter worth about $240,000. 79.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on SDGR. Morgan Stanley began coverage on shares of Schrodinger in a research note on Thursday, July 3rd. They issued an "equal weight" rating and a $28.00 price target on the stock. KeyCorp decreased their price target 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.

Schrodinger Trading Down 0.8%

Schrodinger stock traded down $0.17 during midday trading on Friday, hitting $20.16. 332,272 shares of the stock were exchanged, compared to its average volume of 1,120,895. Schrodinger, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $28.47. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of -7.66 and a beta of 1.58. The stock's 50-day simple moving average is $21.79 and its 200 day simple moving average is $22.52.

Schrodinger (NASDAQ:SDGR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.81) by ($0.01). Schrodinger had a negative return on equity of 44.74% and a negative net margin of 83.39%. The firm had revenue of $59.55 million for the quarter, compared to analyst estimates of $54.60 million. During the same quarter in the previous year, the business posted ($0.86) earnings per share. Schrodinger's revenue for the quarter was up 62.7% on a year-over-year basis. Equities analysts anticipate 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.