Schrödinger Target of Unusually High Options Trading (NASDAQ:SDGR)

Schrödinger, Inc. (NASDAQ:SDGR) was the target of some unusual options trading activity on Wednesday. Investors acquired 2,436 call options on the stock. This represents an increase of 257% compared to the average daily volume of 683 call options.

Schrödinger Price Performance

Shares of NASDAQ:SDGR traded up $3.38 on Wednesday, reaching $24.71. 1,266,098 shares of the company traded hands, compared to its average volume of 634,888. The stock has a market capitalization of $1.80 billion, a PE ratio of -10.59 and a beta of 1.59. The company’s 50 day moving average is $20.46 and its 200-day moving average is $19.99. Schrödinger has a fifty-two week low of $16.67 and a fifty-two week 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 the consensus estimate of ($0.40) by ($0.12). The business had revenue of $35.30 million during the quarter, compared to analyst estimates 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 quarterly revenue was down 17.1% on a year-over-year basis. During the same period last year, the business earned ($0.86) EPS. As a group, analysts expect that Schrödinger will post -2.29 EPS for the current year.

Analyst Ratings Changes

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

Institutional Trading of Schrödinger

Several institutional investors have recently made changes to their positions in SDGR. KBC Group NV boosted its holdings in Schrödinger by 45.4% in 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 in the last quarter. Quarry LP raised its stake in Schrödinger by 1,150.0% during the 3rd quarter. Quarry LP now owns 2,825 shares of the company’s stock valued at $52,000 after purchasing an additional 2,599 shares during the last quarter. GAMMA Investing LLC boosted its holdings in 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 during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Schrödinger during the 3rd quarter worth about $102,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Schrödinger during the third quarter valued at about $151,000. 79.05% of the stock is currently owned by institutional investors and hedge funds.

About Schrödinger

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.