Schrödinger (NASDAQ:SDGR) Shares Up 3.4% - Should You Buy?

Schrödinger, Inc. (NASDAQ:SDGR - Get Free Report) shares traded up 3.4% during mid-day trading on Tuesday . The company traded as high as $19.64 and last traded at $19.46. 150,631 shares were traded during trading, a decline of 80% from the average session volume of 745,977 shares. The stock had previously closed at $18.82.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets upped 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 investment 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 MarketBeat, Schrödinger currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.90.

Schrödinger Price Performance

The firm has a market cap of $1.41 billion, a PE ratio of -8.24 and a beta of 1.56. The stock has a 50-day moving average price of $20.04 and a 200 day moving average price of $19.96.

Schrödinger (NASDAQ:SDGR - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $35.30 million for the quarter, compared to analyst estimates of $41.25 million. During the same period in the prior year, the company earned ($0.86) EPS. The company's revenue was down 17.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Schrödinger, Inc. will post -2.29 earnings per share for the current year.

Insider Buying and Selling at Schrödinger

In related news, insider Margaret Dugan sold 1,531 shares of Schrödinger stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $17.78, for a total value of $27,221.18. Following the transaction, the insider now owns 13,469 shares in the company, valued at approximately $239,478.82. This trade represents a 10.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Schrödinger

A number of large investors have recently modified their holdings of the company. KBC Group NV increased its position in Schrödinger by 45.4% during the 3rd quarter. KBC Group NV now owns 2,508 shares of the company's stock worth $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% in the 3rd quarter. Quarry LP now owns 2,825 shares of the company's stock valued at $52,000 after acquiring an additional 2,599 shares during the period. nVerses Capital LLC purchased a new position in shares of Schrödinger in the 2nd quarter valued at $66,000. Quest Partners LLC boosted its position in Schrödinger by 1,005.6% during the 2nd quarter. Quest Partners LLC now owns 4,555 shares of the company's stock worth $88,000 after purchasing an additional 4,143 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Schrödinger in the 3rd quarter valued at $102,000. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

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.