Schrödinger Target of Unusually Large Options Trading (NASDAQ:SDGR)

Schrödinger, Inc. (NASDAQ:SDGR) was the recipient of unusually large options trading activity on Wednesday. Stock traders bought 2,436 call options on the stock. This is an increase of approximately 257% compared to the average volume of 683 call options.

Wall Street Analysts Forecast Growth

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

Schrödinger Stock Performance

Shares of SDGR stock opened at $24.34 on Thursday. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of -10.40 and a beta of 1.59. The stock’s 50-day simple moving average is $20.50 and its 200-day simple moving average is $20.03. Schrödinger has a fifty-two week low of $16.67 and a fifty-two week high of $33.63.

Schrödinger (NASDAQ:SDGR) last issued its earnings results on Tuesday, November 12th. The company reported ($0.52) EPS 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 during the quarter, compared to analysts’ expectations of $41.25 million. During the same quarter in the prior year, the company earned ($0.86) EPS. Schrödinger’s quarterly revenue was down 17.1% on a year-over-year basis. As a group, equities analysts forecast that Schrödinger will post -2.29 earnings per share for the current year.

Institutional Trading of Schrödinger

Several hedge funds and other institutional investors have recently bought and sold shares of SDGR. KBC Group NV increased its holdings in shares of Schrödinger by 45.4% during 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 in the last quarter. Quarry LP raised its stake in shares of Schrödinger by 1,150.0% during the 3rd quarter. Quarry LP now owns 2,825 shares of the company’s stock worth $52,000 after buying an additional 2,599 shares during the period. GAMMA Investing LLC grew its position in shares of Schrödinger by 87.5% in the fourth quarter. GAMMA Investing LLC now owns 2,796 shares of the company’s stock valued at $54,000 after purchasing an additional 1,305 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Schrödinger in the third quarter valued at about $102,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of Schrödinger during the third quarter worth about $151,000. 79.05% of the stock is owned by institutional investors and hedge funds.

About Schrödinger

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.