Quest Partners LLC buys 4,143 shares of Schrödinger, Inc. (NASDAQ:SDGR)

Quest Partners LLC increased its position in shares of Schrödinger, Inc. (NASDAQ:SDGR – Free Report) by 1,005.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 4,555 shares of the company’s stock after purchasing an additional 4,143 shares during the period. Quest Partners LLC’s holdings in Schrödinger were worth $88,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SDGR. Nisa Investment Advisors LLC increased its position in shares of Schrödinger by 145.3% during the second quarter. Nisa Investment Advisors LLC now owns 1,413 shares of the company’s stock worth $27,000 after buying an additional 837 shares during the last quarter. GAMMA Investing LLC boosted its stake in Schrödinger by 49.5% in the second quarter. GAMMA Investing LLC now owns 2,124 shares of the company’s stock worth $41,000 after acquiring an additional 703 shares during the period. PNC Financial Services Group Inc. increased its holdings in Schrödinger by 186.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,127 shares of the company’s stock worth $76,000 after purchasing an additional 1,385 shares in the last quarter. nVerses Capital LLC purchased a new position in Schrödinger in the second quarter valued at approximately $66,000. Finally, Cim Investment Management Inc. bought a new stake in shares of Schrödinger in the 4th quarter valued at about $206,000. 79.05% of shares are held by institutional investors.

Changes in Analyst Ratings

A number of equities analysts recently issued reports on SDGR shares. KeyCorp decreased their price objective on shares of Schrödinger from $30.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. Morgan Stanley decreased their price target on Schrödinger from $43.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 21st. Leerink Partners assumed coverage on Schrödinger in a research report on Tuesday, July 2nd. They issued an “outperform” rating and a $29.00 price target for the company. Finally, Leerink Partners raised Schrödinger to a “strong-buy” rating in a research report on Tuesday, July 2nd. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $33.44.

Check out our latest research report on Schrödinger

Performance of Schrödinger actions

Shares of Schrödinger stock opened at $19.62 on Wednesday. The stock has a market cap of $1.43 billion, a PE ratio of -10.44 and a beta of 1.51. The stock has a 50-day moving average of $20.84 and a two-hundred-day moving average of $22.59. Schrödinger, Inc. it has a one year low of $18.02 and a one year high of $38.00.

Schrödinger (NASDAQ:SDGR – Get Your Free Report ) last announced its quarterly earnings data on Wednesday, July 31st. The company reported ($0.74) EPS for the quarter, topping the consensus estimate of ($0.85) by $0.11. The firm had revenue of $47.33 million during the quarter, compared to analyst estimates of $40.19 million. Schrödinger had a negative net margin of 100.42% and a negative return on equity of 38.38%. As a group, sell-side analysts predict that Schrödinger, Inc. will post -2.19 EPS for the current fiscal year.

About Schrödinger

(Free Report)

Schrödinger, Inc, together with its subsidiaries, develops a physics-based computing platform that enables the discovery of new molecules for drug development and material applications. The company operates in two segments, Software and Drug Discovery. The Software segment focuses on licensing its software to transform molecular discovery for the life sciences and materials science industries.

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