Quest Partners LLC Purchases 4,143 Shares of Schrödinger, Inc. (NASDAQ:SDGR)

Quest Partners LLC boosted its position in shares of Schrödinger, Inc. (NASDAQ:SDGR) by 1,005.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 4,555 shares of the company’s stock after buying an additional 4,143 shares during the period. Quest Partners LLC’s holdings in Schrödinger were worth $88,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SDGR. Nisa Investment Advisors LLC grew its position in shares of Schrödinger by 145.3% during 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 lifted its stake in 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. PNC Financial Services Group Inc. grew its holdings in Schrödinger by 186.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,127 shares of the company’s stock worth $76,000 after acquiring an additional 1,385 shares in the last quarter. nVerses Capital LLC purchased a new position in Schrödinger during the 2nd quarter valued at about $66,000. Finally, Cim Investment Management Inc. bought a new stake in shares of Schrödinger in the 4th quarter valued at about $206,000. 79.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Schrödinger Stock Performance

Schrödinger stock opened at $19.62 on Wednesday. The stock has a market cap of $1.43 billion, a PE ratio of -10.44 and a beta of 1.51. The stock has a 50-day moving average of $20.84 and a two-hundred day moving average of $22.59. Schrödinger, Inc. has a one year low of $18.02 and a one year high of $38.00.

Schrödinger (NASDAQ:SDGR) last announced its quarterly earnings data on Wednesday, July 31st. The company reported ($0.74) EPS for the quarter, beating the consensus estimate of ($0.85) by $0.11. The firm had revenue of $47.33 million during the quarter, compared to analyst estimates of $40.19 million. Schrödinger had a negative net margin of 100.42% and a negative return on equity of 38.38%. As a group, sell-side analysts predict that Schrödinger, Inc. will post -2.19 EPS for the current fiscal year.

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.