Quest Partners LLC Raises Stake in Schrödinger, Inc. (NASDAQ:SDGR)

Quest Partners LLC lifted its position in Schrödinger, Inc. (NASDAQ:SDGR) by 1,005.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,555 shares of the company’s stock after purchasing an additional 4,143 shares during the period. Quest Partners LLC’s holdings in Schrödinger were worth $88,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its stake in Schrödinger by 145.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,413 shares of the company’s stock worth $27,000 after buying an additional 837 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Schrödinger by 49.5% in the second quarter. GAMMA Investing LLC now owns 2,124 shares of the company’s stock worth $41,000 after acquiring an additional 703 shares during the period. nVerses Capital LLC purchased a new stake in shares of Schrödinger during the second quarter worth about $66,000. PNC Financial Services Group Inc. raised its stake in Schrödinger by 186.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,127 shares of the company’s stock valued at $76,000 after purchasing an additional 1,385 shares during the period. Finally, Cim Investment Management Inc. purchased a new position in Schrödinger in the 4th quarter worth approximately $206,000. 79.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SDGR has been the topic of several recent analyst reports. Leerink Partnrs upgraded shares of Schrödinger to a “strong-buy” rating in a research report on Tuesday, July 2nd. KeyCorp reduced their price target on shares of Schrödinger from $30.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. Morgan Stanley dropped their price objective on shares of Schrödinger from $43.00 to $30.00 and set an “equal weight” rating for the company in a report on Wednesday, August 21st. Finally, Leerink Partners began coverage on Schrödinger in a report on Tuesday, July 2nd. They issued an “outperform” rating and a $29.00 target price on the stock. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Schrödinger has a consensus rating of “Moderate Buy” and an average target price of $33.44.

Schrödinger Trading Down 1.2 %

Shares of NASDAQ SDGR opened at $19.62 on Wednesday. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of -10.44 and a beta of 1.51. Schrödinger, Inc. has a 12-month low of $18.02 and a 12-month high of $38.00. The firm’s 50-day moving average price is $20.84 and its 200-day moving average price is $22.59.

Schrödinger (NASDAQ:SDGR) last issued its quarterly earnings data on Wednesday, July 31st. The company reported ($0.74) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.85) by $0.11. Schrödinger had a negative return on equity of 38.38% and a negative net margin of 100.42%. The business had revenue of $47.33 million for the quarter, compared to the consensus estimate of $40.19 million. On average, equities analysts predict that Schrödinger, Inc. will post -2.19 EPS for the current fiscal year.

Schrödinger 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.