GAMMA Investing LLC Purchases 1,305 Shares of Schrödinger, Inc. (NASDAQ:SDGR)

GAMMA Investing LLC grew its position in shares of Schrödinger, Inc. (NASDAQ:SDGR) by 87.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,796 shares of the company’s stock after buying an additional 1,305 shares during the quarter. GAMMA Investing LLC’s holdings in Schrödinger were worth $54,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in SDGR. Rubric Capital Management LP grew its stake in Schrödinger by 213.5% during the second quarter. Rubric Capital Management LP now owns 3,130,000 shares of the company’s stock worth $60,534,000 after buying an additional 2,131,724 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Schrödinger by 58.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,945,182 shares of the company’s stock valued at $36,083,000 after purchasing an additional 717,059 shares during the last quarter. Millennium Management LLC grew its stake in shares of Schrödinger by 2,868.8% during the second quarter. Millennium Management LLC now owns 487,831 shares of the company’s stock valued at $9,435,000 after purchasing an additional 471,399 shares during the last quarter. Stephens Investment Management Group LLC grew its stake in shares of Schrödinger by 39.6% during the third quarter. Stephens Investment Management Group LLC now owns 1,539,870 shares of the company’s stock valued at $28,565,000 after purchasing an additional 436,789 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Schrödinger by 421.6% during the third quarter. Barclays PLC now owns 107,554 shares of the company’s stock valued at $1,995,000 after purchasing an additional 86,933 shares during the last quarter. 79.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Schrödinger Stock Performance

SDGR opened at $19.47 on Tuesday. Schrödinger, Inc. has a twelve month low of $16.67 and a twelve month high of $33.63. The firm’s fifty day moving average is $20.46 and its two-hundred day moving average is $20.02. The firm has a market cap of $1.42 billion, a PE ratio of -8.32 and a beta of 1.59.

Schrödinger (NASDAQ:SDGR) last released its 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). The business had revenue of $35.30 million during the quarter, compared to the consensus estimate of $41.25 million. Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. The firm’s revenue for the quarter was down 17.1% on a year-over-year basis. During the same period last year, the business posted ($0.86) EPS. Equities analysts forecast that Schrödinger, Inc. will post -2.29 EPS for the current fiscal year.

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.