Amova Asset Management Americas Inc. Buys 47,443 Shares of Schrodinger, Inc. $SDGR

Amova Asset Management Americas Inc. raised its stake in shares of Schrodinger, Inc. (NASDAQ:SDGR) by 1.8% in the third quarter, Holdings Channel reports. The institutional investor owned 2,638,935 shares of the company’s stock after buying an additional 47,443 shares during the quarter. Amova Asset Management Americas Inc.’s holdings in Schrodinger were worth $52,937,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd boosted its position in shares of Schrodinger by 212.4% in the third quarter. Aster Capital Management DIFC Ltd now owns 1,943 shares of the company’s stock valued at $39,000 after acquiring an additional 1,321 shares during the period. State of Wyoming purchased a new stake in Schrodinger in the 2nd quarter worth approximately $39,000. SBI Securities Co. Ltd. boosted its holdings in Schrodinger by 110.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,127 shares of the company’s stock valued at $43,000 after purchasing an additional 1,116 shares during the period. ANTIPODES PARTNERS Ltd grew its position in shares of Schrodinger by 292.3% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 4,912 shares of the company’s stock valued at $99,000 after purchasing an additional 3,660 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Schrodinger in the second quarter worth $143,000. 79.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wall Street Zen raised Schrodinger from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. UBS Group started coverage on shares of Schrodinger in a research note on Wednesday, January 7th. They issued a “neutral” rating and a $18.00 target price on the stock. TD Cowen reiterated a “buy” rating on shares of Schrodinger in a research report on Thursday, January 8th. Bank of America raised shares of Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Monday, December 15th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Schrodinger in a research report on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $21.75.

Schrodinger Stock Up 5.0%

Shares of NASDAQ:SDGR opened at $13.12 on Thursday. The stock has a market cap of $966.55 million, a PE ratio of -9.24 and a beta of 1.57. The company’s fifty day moving average is $14.99 and its 200 day moving average is $17.68. Schrodinger, Inc. has a 52 week low of $11.11 and a 52 week high of $27.63.

Schrodinger (NASDAQ:SDGR) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.57. The business had revenue of $87.24 million for the quarter, compared to analysts’ expectations of $83.66 million. Schrodinger had a negative return on equity of 29.47% and a negative net margin of 40.37%.The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.24) EPS. Sell-side analysts anticipate that Schrodinger, Inc. will post -2.37 EPS for the current year.

Schrodinger Company Profile

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.