Schrödinger Sees Unusually High Options Volume (NASDAQ:SDGR)

Schrödinger, Inc. (NASDAQ:SDGR) saw unusually large options trading on Wednesday. Stock traders acquired 2,436 call options on the stock. This represents an increase of 257% compared to the average volume of 683 call options.

Analyst Ratings Changes

Separately, BMO Capital Markets upped their target price on Schrödinger from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.90.

Schrödinger Stock Performance

SDGR stock opened at $24.41 on Friday. The stock has a fifty day moving average of $20.59 and a 200-day moving average of $20.06. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of -10.43 and a beta of 1.59. Schrödinger has a fifty-two week low of $16.67 and a fifty-two week high of $33.63.

Schrödinger (NASDAQ:SDGR) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.40) by ($0.12). The business had revenue of $35.30 million during the quarter, compared to analysts’ expectations of $41.25 million. Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. The business’s revenue was down 17.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.86) EPS. Equities analysts predict that Schrödinger will post -2.29 EPS for the current year.

Institutional Investors Weigh In On Schrödinger

Large investors have recently made changes to their positions in the business. KBC Group NV lifted its stake in shares of Schrödinger by 45.4% in the 3rd quarter. KBC Group NV now owns 2,508 shares of the company’s stock valued at $47,000 after purchasing an additional 783 shares during the period. Quarry LP raised its stake in Schrödinger by 1,150.0% during the third quarter. Quarry LP now owns 2,825 shares of the company’s stock valued at $52,000 after buying an additional 2,599 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Schrödinger by 87.5% in the fourth quarter. GAMMA Investing LLC now owns 2,796 shares of the company’s stock worth $54,000 after purchasing an additional 1,305 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Schrödinger in the third quarter worth $102,000. Finally, Point72 DIFC Ltd purchased a new position in shares of Schrödinger in the third quarter worth $151,000. 79.05% of the stock is currently owned by institutional investors.

Schrödinger 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.