The Vanguard Group, Inc. recently announced the acquisition of new stake in Schrodinger Inc. (NASDAQ:SDGR). The institutional investor has increased its shareholding in the Healthcare company by 1.25% to 4.97 million shares with purchase of 61192.0 shares. This fresh investment now brings its stake to 7.98% valued currently at $146.77 million. In addition, ARK Investment Management LLC raised its holdings by 54672.0 to 3.91 million shares. And Baillie Gifford & Co. has lifted its position by 25.41% or 0.46 million shares – to 2.28 million shares.
With over 3.61 million Schrodinger Inc. (SDGR) shares trading Monday and a closing price of $38.95 on the day, the dollar volume was approximately $140.5 million. The shares have shown a positive half year performance of 104.03% and its price on 05/22/23 gained nearly 17.64%. Currently, there are 71.47M common shares owned by the public and among those 58.09M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 9 analysts who have offered their price forecasts for SDGR have a consensus price objective of $51.78. The analysts have set the share’s price value over the next 12 months at a high of $86.00 and a low of $23.00. The average price target is 24.78% above its recent price level and a downside to the estimated low will see the stock lose -69.35% over that period. But an upside of 54.71% will see the stock hit the forecast high price target while median target price for the stock is $50.00.
Insiders at the company have transacted a total of 11 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 8 of these insider trades were purchases, accounting for 131,141 shares. Insider sales of the common stock occurred on 3 occasions, with total insider shares sold totaling 96,836 shares.
The top 3 mutual fund holders in Schrodinger Inc. are ARK Genomic Revolution ETF, CS Invt. Fds. 2 -, and Vanguard Total Stock Market ETF. ARK Genomic Revolution ETF owns 3.74 million shares of the company’s stock, all valued at over $110.37 million. Vanguard Total Stock Market ETF sold 1890.0 shares to bring its total holdings to over 1.62 million shares at a value of $47.87 million. Vanguard Total Stock Market ETF now owns shares totaling to 2.60% of the shares outstanding.
Shares of Schrodinger Inc. (NASDAQ: SDGR) opened at $33.26, up $0.15 from a prior closing price of $33.11. However, the script later moved the day high at 39.31, up 17.64%. The company’s stock has a 5-day price change of 40.72% and 69.57% over the past three months. SDGR shares are trading 108.40% year to date (YTD), with the 12-month market performance up to 57.56% higher. It has a 12-month low price of $15.85 and touched a high of $35.24 over the same period. SDGR has an average intraday trading volume of 602.27K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 35.87%, 42.04%, and 58.96% respectively.
Institutional ownership of Schrodinger Inc. (NASDAQ: SDGR) shares accounts for 78.50% of the company’s 71.47M shares outstanding. Mutual fund holders own 39.72%, while other institutional holders and individual stakeholders account for 40.20% and 24.01% respectively.
It has a market capitalization of $2.59B. The stock’s trailing 12-month PE ratio is 282.25, while the earnings-per-share (ttm) stands at $0.14. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.43% over the week and 6.69% over the month.
Analysts forecast that Schrodinger Inc. (SDGR) will achieve an EPS of -$0.51 for the current quarter, -$0.68 for the next quarter and -$1.76 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.8 while analysts give the company a high EPS estimate of -$0.1. Comparatively, EPS for the current quarter was -$0.67 a year ago. Earnings per share for the fiscal year are expected to decrease by -47.40%, and -563.20% over the next financial year. EPS should grow at an annualized rate of -5.30% over the next five years, compared to -49.20% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 9 brokerage firm advisors rate Schrodinger Inc. (SDGR) as a “Moderate Buy” at a consensus score of 2.10. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 3 of the 9 advise that investors “hold,” and 0 rated it as a “Sell.”
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