Schrödinger Sees Unusually Large Options Volume (NASDAQ:SDGR)

Schrödinger, Inc. (NASDAQ:SDGR) was the recipient of unusually large options trading activity on Wednesday. Stock traders bought 2,436 call options on the stock. This is an increase of approximately 257% compared to the average volume of 683 call options.

Institutional Investors Weigh In On Schrödinger

Large investors have recently bought and sold shares of the stock. KBC Group NV raised its stake in shares of Schrödinger by 45.4% during the third quarter. KBC Group NV now owns 2,508 shares of the company’s stock worth $47,000 after purchasing an additional 783 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Schrödinger by 87.5% in the 4th quarter. GAMMA Investing LLC now owns 2,796 shares of the company’s stock valued at $54,000 after purchasing an additional 1,305 shares in the last quarter. Quarry LP grew its holdings in shares of Schrödinger by 1,150.0% during the 3rd quarter. Quarry LP now owns 2,825 shares of the company’s stock worth $52,000 after purchasing an additional 2,599 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Schrödinger during the 3rd quarter worth approximately $102,000. Finally, Point72 DIFC Ltd purchased a new position in Schrödinger in the third quarter valued at approximately $151,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Schrödinger Trading Up 15.9 %

Shares of Schrödinger stock traded up $3.38 during trading hours on Wednesday, reaching $24.71. The stock had a trading volume of 1,266,098 shares, compared to its average volume of 634,888. Schrödinger has a twelve month low of $16.67 and a twelve month high of $33.63. The firm has a market capitalization of $1.80 billion, a PE ratio of -10.59 and a beta of 1.59. The stock’s 50 day moving average is $20.46 and its 200 day moving average is $19.99.

Schrödinger (NASDAQ:SDGR) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.12). Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. The company had revenue of $35.30 million during the quarter, compared to analysts’ expectations of $41.25 million. During the same period in the prior year, the business posted ($0.86) earnings per share. The company’s quarterly revenue was down 17.1% compared to the same quarter last year. As a group, sell-side analysts predict that Schrödinger will post -2.29 earnings per share for the current year.

Analyst Ratings Changes

Separately, BMO Capital Markets boosted their target price on Schrödinger from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.90.

Schrödinger 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.