Avanza Fonder AB Acquires New Position in Schrödinger, Inc. (NASDAQ:SDGR)

Avanza Fonder AB bought a new stake in shares of Schrödinger, Inc. (NASDAQ:SDGR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 29,920 shares of the company's stock, valued at approximately $577,000.

Several other institutional investors and hedge funds have also bought and sold shares of SDGR. GAMMA Investing LLC boosted its position in Schrödinger by 87.5% during the 4th quarter. GAMMA Investing LLC now owns 2,796 shares of the company's stock valued at $54,000 after buying an additional 1,305 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Schrödinger by 3.7% during the third quarter. JPMorgan Chase & Co. now owns 122,702 shares of the company's stock valued at $2,276,000 after acquiring an additional 4,403 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Schrödinger by 1.9% during the third quarter. Geode Capital Management LLC now owns 1,319,205 shares of the company's stock worth $24,476,000 after purchasing an additional 24,114 shares during the period. Barclays PLC grew its stake in shares of Schrödinger by 421.6% in the third quarter. Barclays PLC now owns 107,554 shares of the company's stock worth $1,995,000 after purchasing an additional 86,933 shares during the last quarter. Finally, State Street Corp increased its holdings in Schrödinger by 1.8% during the 3rd quarter. State Street Corp now owns 2,155,620 shares of the company's stock valued at $39,987,000 after purchasing an additional 38,972 shares during the period. 79.05% of the stock is currently owned by institutional investors.

Schrödinger Trading Up 1.7 %

SDGR traded up $0.31 during trading on Monday, reaching $19.00. The stock had a trading volume of 437,571 shares, compared to its average volume of 540,666. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of -8.12 and a beta of 1.59. The stock's 50 day moving average is $20.49 and its two-hundred day moving average is $20.00. Schrödinger, Inc. has a one year low of $16.67 and a one year high of $33.63.

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

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets increased their price objective on Schrödinger from $25.00 to $28.00 and gave the stock an "outperform" rating in a report 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 issued a strong buy rating to the company's stock. According to MarketBeat.com, Schrödinger presently has an average rating of "Moderate Buy" and a consensus price target of $32.90.

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.