Stephens Investment Management Group LLC Acquires 67,786 Shares of Schrödinger, Inc. (NASDAQ:SDGR)

Stephens Investment Management Group LLC increased its holdings in Schrödinger, Inc. (NASDAQ:SDGR) by 4.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,607,656 shares of the company’s stock after buying an additional 67,786 shares during the period. Stephens Investment Management Group LLC’s holdings in Schrödinger were worth $31,012,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Avanza Fonder AB bought a new position in shares of Schrödinger in the fourth quarter worth $577,000. Barclays PLC lifted its holdings in Schrödinger by 421.6% during the 3rd quarter. Barclays PLC now owns 107,554 shares of the company’s stock worth $1,995,000 after purchasing an additional 86,933 shares in the last quarter. State Street Corp boosted its stake in Schrödinger by 1.8% in the 3rd quarter. State Street Corp now owns 2,155,620 shares of the company’s stock worth $39,987,000 after purchasing an additional 38,972 shares during the period. Quest Partners LLC grew its holdings in Schrödinger by 861.0% during the 3rd quarter. Quest Partners LLC now owns 43,773 shares of the company’s stock valued at $812,000 after buying an additional 39,218 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Schrödinger by 1.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,191,054 shares of the company’s stock valued at $40,644,000 after buying an additional 29,920 shares during the period. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Schrödinger Stock Performance

Schrödinger stock opened at $25.67 on Monday. Schrödinger, Inc. has a fifty-two week low of $16.67 and a fifty-two week high of $33.63. The stock has a market cap of $1.87 billion, a P/E ratio of -10.97 and a beta of 1.61. The firm’s fifty day moving average price is $21.60 and its 200-day moving average price is $20.27.

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 analysts’ consensus estimates of ($0.40) by ($0.12). Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. The firm had revenue of $35.30 million for the quarter, compared to analysts’ expectations of $41.25 million. During the same quarter in the previous year, the business earned ($0.86) EPS. The company’s revenue for the quarter was down 17.1% on a year-over-year basis. On average, analysts predict that Schrödinger, Inc. will post -2.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. KeyCorp raised their price objective on shares of Schrödinger from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. BMO Capital Markets raised their price target on shares of Schrödinger from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.11.

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.