Lazard Asset Management LLC Lowers Holdings in Schrodinger, Inc. $SDGR

Lazard Asset Management LLC reduced its position in Schrodinger, Inc. (NASDAQ:SDGR) by 90.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 212,485 shares of the company’s stock after selling 1,922,483 shares during the quarter. Lazard Asset Management LLC’s holdings in Schrodinger were worth $2,414,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of SDGR. Verity Asset Management Inc. lifted its stake in shares of Schrodinger by 1.2% in the 4th quarter. Verity Asset Management Inc. now owns 65,722 shares of the company’s stock worth $1,175,000 after acquiring an additional 798 shares during the period. Handelsbanken Fonder AB boosted its holdings in shares of Schrodinger by 6.3% in the fourth quarter. Handelsbanken Fonder AB now owns 15,200 shares of the company’s stock valued at $272,000 after acquiring an additional 900 shares in the last quarter. Kestra Advisory Services LLC increased its stake in shares of Schrodinger by 2.0% during the first quarter. Kestra Advisory Services LLC now owns 51,429 shares of the company’s stock worth $584,000 after acquiring an additional 1,002 shares during the period. Quarry LP increased its stake in shares of Schrodinger by 73.6% during the third quarter. Quarry LP now owns 2,401 shares of the company’s stock worth $48,000 after acquiring an additional 1,018 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Schrodinger by 722.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,374 shares of the company’s stock worth $25,000 after purchasing an additional 1,207 shares in the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on SDGR. Weiss Ratings upgraded shares of Schrodinger from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday. Wall Street Zen cut Schrodinger from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 9th. Morgan Stanley cut their target price on Schrodinger from $19.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, May 14th. Finally, KeyCorp reduced their price target on Schrodinger from $25.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Schrodinger has a consensus rating of “Hold” and an average price target of $20.25.

Schrodinger Price Performance

NASDAQ:SDGR opened at $15.14 on Monday. Schrodinger, Inc. has a fifty-two week low of $10.94 and a fifty-two week high of $23.02. The stock has a market cap of $1.12 billion, a PE ratio of -10.74 and a beta of 1.62. The firm’s fifty day simple moving average is $15.40 and its 200-day simple moving average is $13.74.

Schrodinger (NASDAQ:SDGR) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.81) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.25). Schrodinger had a negative net margin of 40.61% and a negative return on equity of 30.85%. The company had revenue of $58.59 million during the quarter, compared to analysts’ expectations of $47.57 million. During the same quarter in the prior year, the business earned ($0.82) EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities analysts anticipate that Schrodinger, Inc. will post -1.89 earnings per share for the current year.

About Schrodinger

Schrödinger, Inc is a life sciences and materials discovery company that specializes in the application of physics-based computational platforms to accelerate drug discovery and advanced materials design. Founded in 1990 by Professor Richard A. Friesner, Schrödinger has developed a suite of proprietary software tools—such as Maestro for molecular modeling, Glide for molecular docking and Jaguar for quantum chemistry calculations—that enable scientists to predict molecular behavior with high accuracy.