Monaco Asset Management SAM Has $1.63 Million Stock Holdings in Schrodinger, Inc. (NASDAQ:SDGR)

Monaco Asset Management SAM raised its position in Schrodinger, Inc. (NASDAQ:SDGR) by 3.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 82,500 shares of the company’s stock after acquiring an additional 2,500 shares during the period. Monaco Asset Management SAM owned about 0.11% of Schrodinger worth $1,629,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of SDGR. Point72 Hong Kong Ltd acquired a new stake in shares of Schrodinger in the fourth quarter valued at approximately $27,000. ANTIPODES PARTNERS Ltd bought a new position in Schrodinger in the first quarter valued at $37,000. GAMMA Investing LLC increased its stake in Schrodinger by 118.5% in the 1st quarter. GAMMA Investing LLC now owns 6,109 shares of the company’s stock valued at $121,000 after buying an additional 3,313 shares during the last quarter. Federated Hermes Inc. lifted its position in Schrodinger by 100.0% during the 1st quarter. Federated Hermes Inc. now owns 10,000 shares of the company’s stock worth $197,000 after buying an additional 5,000 shares in the last quarter. Finally, Bayesian Capital Management LP acquired a new position in shares of Schrodinger during the 4th quarter worth about $199,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

SDGR has been the topic of a number of recent research reports. Morgan Stanley assumed coverage on Schrodinger in a research report on Thursday, July 3rd. They issued an “equal weight” rating and a $28.00 target price on the stock. KeyCorp decreased their target price on shares of Schrodinger from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, July 14th.

Schrodinger Stock Down 5.4%

Shares of NASDAQ SDGR opened at $21.17 on Wednesday. The business’s 50 day moving average price is $21.80 and its two-hundred day moving average price is $22.53. The company has a market cap of $1.55 billion, a PE ratio of -8.05 and a beta of 1.58. Schrodinger, Inc. has a twelve month low of $16.60 and a twelve month high of $28.47.

Schrodinger (NASDAQ:SDGR) last posted its earnings results on Wednesday, May 7th. The company reported ($0.82) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.81) by ($0.01). Schrodinger had a negative return on equity of 44.74% and a negative net margin of 83.39%. The business had revenue of $59.55 million for the quarter, compared to analyst estimates of $54.60 million. During the same period in the previous year, the firm posted ($0.86) earnings per share. The firm’s revenue was up 62.7% compared to the same quarter last year. As a group, research analysts anticipate that Schrodinger, Inc. will post -2.37 EPS for the current fiscal year.

Schrodinger 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.