Story perspectives
Hedge Funds Boost Schrödinger Stake Amid Losses
1/26/2025
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Story summary
- Hedge funds raised their stakes in Schrödinger (SDGR) during Q3, led by Massachusetts Financial Services with a 58.4% increase.
- Analysts classify Schrödinger as a "Moderate Buy," with a consensus price target of $33.10.
- The company reported a quarterly loss of $0.52 EPS, falling short of estimates, with a 17.1% revenue decline year-over-year.
- Institutional investors hold 79.05% of Schrödinger's stock, which specializes in drug development and materials applications.
