Redwood Wealth Management Group LLC Buys 1,132 Shares of Schrödinger, Inc. (NASDAQ:SDGR)

Redwood Wealth Management Group LLC raised its stake in shares of Schrödinger, Inc. (NASDAQ:SDGR) by 8.4% in the 4th quarter, Holdings Channel reports. The firm owned 14,620 shares of the company’s stock after acquiring an additional 1,132 shares during the period. Redwood Wealth Management Group LLC’s holdings in Schrödinger were worth $283,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SDGR. Sei Investments Co. bought a new position in shares of Schrödinger during the 2nd quarter valued at about $243,000. Millennium Management LLC raised its position in shares of Schrödinger by 2,868.8% during the 2nd quarter. Millennium Management LLC now owns 487,831 shares of the company’s stock valued at $9,435,000 after buying an additional 471,399 shares in the last quarter. Creative Planning purchased a new stake in shares of Schrödinger during the 2nd quarter valued at about $425,000. SG Americas Securities LLC purchased a new stake in Schrödinger in the 3rd quarter worth about $313,000. Finally, Private Advisor Group LLC raised its position in Schrödinger by 20.5% in the 3rd quarter. Private Advisor Group LLC now owns 12,150 shares of the company’s stock worth $225,000 after purchasing an additional 2,065 shares during the period. Institutional investors own 79.05% of the company’s stock.

Schrödinger Stock Up 0.8 %

Shares of NASDAQ:SDGR opened at $24.93 on Wednesday. The firm’s 50 day simple moving average is $21.38 and its 200-day simple moving average is $20.20. Schrödinger, Inc. has a one year low of $16.67 and a one year high of $33.63.

Schrödinger (NASDAQ:SDGR) last issued its earnings results on Tuesday, November 12th. The company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.12). The company had revenue of $35.30 million for the quarter, compared to analysts’ expectations of $41.25 million. Schrödinger had a negative return on equity of 35.77% and a negative net margin of 91.84%. The business’s revenue was down 17.1% compared to the same quarter last year. During the same period last year, the business posted ($0.86) earnings per share. As a group, equities analysts expect that Schrödinger, Inc. will post -2.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SDGR shares. KeyCorp increased their price objective on shares of Schrödinger from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. BMO Capital Markets increased their price objective on shares of Schrödinger from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.11.

Schrödinger 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.