Schrodinger (NASDAQ:SDGR) Reaches New 12-Month High – Should You Buy?

Schrodinger, Inc. (NASDAQ:SDGR) shares reached a new 52-week high on Tuesday . The stock traded as high as $23.40 and last traded at $22.79, with a volume of 1314099 shares changing hands. The stock had previously closed at $20.75.

Wall Street Analysts Forecast Growth

SDGR has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Schrodinger from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings raised Schrodinger from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 27th. Finally, UBS Group started coverage on Schrodinger in a research note on Friday, August 14th. They set a “neutral” rating and a $19.00 price target on the stock. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Schrodinger currently has an average rating of “Hold” and a consensus price target of $20.50.

Schrodinger Trading Up 8.9%

The firm has a market cap of $1.67 billion, a P/E ratio of -30.59 and a beta of 1.69. The company’s 50-day moving average is $17.70 and its two-hundred day moving average is $14.80.

Schrodinger (NASDAQ:SDGR) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.49. The firm had revenue of $58.89 million during the quarter, compared to analyst estimates of $47.19 million. Schrodinger had a negative return on equity of 16.37% and a negative net margin of 20.98%.The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.65) EPS. Research analysts anticipate that Schrodinger, Inc. will post -1.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Schrodinger

Several institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its position in Schrodinger by 722.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,374 shares of the company’s stock valued at $25,000 after buying an additional 1,207 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in Schrodinger by 5,025.8% during the 4th quarter. Hantz Financial Services Inc. now owns 1,589 shares of the company’s stock worth $28,000 after acquiring an additional 1,558 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Schrodinger in the 4th quarter worth $36,000. Purpose Unlimited Inc. bought a new stake in shares of Schrodinger in the 4th quarter worth $47,000. Finally, Allworth Financial LP bought a new stake in shares of Schrodinger in the 2nd quarter worth $86,000. Institutional investors own 79.05% of the company’s stock.

Schrodinger Company Profile

Schrödinger, Inc develops computational software designed to accelerate drug discovery and materials science research. Its platform uses physics-based modeling, machine learning and related computational methods to help scientists analyze molecular structures, predict interactions and identify potential compounds for further development.

The company’s software products support a range of research activities, including molecular modeling, virtual screening, structure-based drug design, free-energy calculations and collaborative data management.