Schrodinger (NASDAQ:SDGR) Stock Gets Downgrade from Zacks Research

Schrodinger (NASDAQ:SDGR) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks reports.

Other equities analysts also recently issued reports about the stock. Weiss Ratings raised shares of Schrodinger from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 27th. TD Cowen raised their price objective on shares of Schrodinger from $20.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, October 13th. UBS Group lifted their price objective on shares of Schrodinger from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 20th. Wall Street Zen upgraded shares of Schrodinger from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, KeyCorp boosted their target price on shares of Schrodinger from $20.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, October 16th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.83.

Schrodinger Trading Up 4.9%

SDGR stock opened at $28.52 on Tuesday. The stock’s fifty day simple moving average is $25.43 and its two-hundred day simple moving average is $16.95. Schrodinger has a 1-year low of $10.94 and a 1-year high of $33.78. The stock has a market cap of $2.11 billion, a P/E ratio of -38.54 and a beta of 1.69.

Schrodinger (NASDAQ:SDGR) last announced its quarterly earnings data on Wednesday, November 4th. The company reported ($0.50) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.67) by $0.17. Schrodinger had a negative return on equity of 16.37% and a negative net margin of 20.98%. The firm had revenue of $64.49 million during the quarter, compared to the consensus estimate of $47.73 million. During the same quarter in the prior year, the company earned ($0.45) EPS. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. As a group, analysts forecast that Schrodinger will post -1.50 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Karen Akinsanya sold 31,599 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $29.37, for a total transaction of $928,062.63. Following the transaction, the insider owned 69,956 shares of the company’s stock, valued at $2,054,607.72. This represents a 31.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Schrodinger

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in shares of Schrodinger by 5.7% during the 3rd quarter. GAMMA Investing LLC now owns 14,353 shares of the company’s stock valued at $446,000 after buying an additional 772 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in Schrodinger by 2.0% in the 1st quarter. Kestra Advisory Services LLC now owns 51,429 shares of the company’s stock worth $584,000 after buying an additional 1,002 shares during the period. Root Financial Partners LLC bought a new position in Schrodinger in the 3rd quarter worth approximately $50,000. Sterling Capital Management LLC grew its stake in Schrodinger by 843.8% in the 3rd quarter. Sterling Capital Management LLC now owns 1,916 shares of the company’s stock valued at $59,000 after buying an additional 1,713 shares in the last quarter. Finally, Entropy Technologies LP grew its stake in Schrodinger by 17.9% in the 1st quarter. Entropy Technologies LP now owns 15,257 shares of the company’s stock valued at $173,000 after buying an additional 2,311 shares in the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.

About Schrodinger

Schrödinger, Inc develops computational software and services designed to support pharmaceutical, biotechnology and materials research. Its platform uses physics-based modeling, machine learning and other computational methods to help scientists analyze molecular interactions, design compounds and prioritize candidates for experimental testing.

The company’s software offerings include tools for molecular modeling, quantum chemistry, molecular dynamics, virtual screening, property prediction and free-energy calculations.