Stephens Investment Management Group LLC Buys 67,786 Shares of Schrödinger, Inc. (NASDAQ:SDGR)

Stephens Investment Management Group LLC raised its position in shares of Schrödinger, Inc. (NASDAQ:SDGR - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,607,656 shares of the company's stock after buying an additional 67,786 shares during the period. Stephens Investment Management Group LLC owned about 2.21% of Schrödinger worth $31,012,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SDGR. KBC Group NV increased its holdings in shares of Schrödinger by 45.4% in the third 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 increased its holdings in shares of Schrödinger by 1,150.0% in the third quarter. Quarry LP now owns 2,825 shares of the company's stock valued at $52,000 after purchasing an additional 2,599 shares in the last quarter. GAMMA Investing LLC increased its holdings 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Schrödinger in the third quarter valued at approximately $102,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of Schrödinger in the third quarter valued at approximately $151,000. Institutional investors and hedge funds own 79.05% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. KeyCorp raised their price target on shares of Schrödinger from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Friday, January 24th. BMO Capital Markets raised 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, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Schrödinger has a consensus rating of "Moderate Buy" and a consensus price target of $32.11.

Schrödinger Stock Up 2.4 %

SDGR stock traded up $0.57 during midday trading on Thursday, reaching $24.43. The company's stock had a trading volume of 692,406 shares, compared to its average volume of 914,351. Schrödinger, Inc. has a 52 week low of $16.67 and a 52 week high of $33.63. The stock has a market cap of $1.78 billion, a PE ratio of -10.44 and a beta of 1.61. The business's 50-day simple moving average is $21.81 and its 200-day simple moving average is $20.36.

Schrödinger (NASDAQ:SDGR - Get Free Report) last announced its quarterly 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 firm had revenue of $35.30 million for the quarter, compared to the consensus estimate of $41.25 million. Schrödinger had a negative return on equity of 35.77% and a negative net margin of 91.84%. The company's revenue for the quarter was down 17.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.86) earnings per share. As a group, equities analysts forecast that Schrödinger, Inc. will post -2.37 earnings per share 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.