Schrodinger, Inc. (NASDAQ:SDGR) Receives $21.75 Average PT from Analysts

Schrodinger, Inc. (NASDAQ:SDGR) has been assigned an average rating of “Hold” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $21.75.

SDGR has been the topic of several recent research reports. KeyCorp lowered their target price on shares of Schrodinger from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of Schrodinger in a research report on Friday, January 9th. Bank of America upgraded Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Monday, December 15th. TD Cowen reiterated a “buy” rating on shares of Schrodinger in a research report on Thursday, January 8th. Finally, UBS Group started coverage on Schrodinger in a report on Wednesday, January 7th. They set a “neutral” rating and a $18.00 target price on the stock.

Institutional Investors Weigh In On Schrodinger

A number of large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in shares of Schrodinger by 722.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,374 shares of the company’s stock valued at $25,000 after buying an additional 1,207 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Schrodinger in the fourth quarter valued at approximately $26,000. Hantz Financial Services Inc. raised its position in Schrodinger by 5,025.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,589 shares of the company’s stock valued at $28,000 after purchasing an additional 1,558 shares in the last quarter. State of Wyoming acquired a new position in Schrodinger during the second quarter valued at approximately $39,000. Finally, Aster Capital Management DIFC Ltd lifted its stake in Schrodinger by 212.4% during the third quarter. Aster Capital Management DIFC Ltd now owns 1,943 shares of the company’s stock worth $39,000 after purchasing an additional 1,321 shares during the last quarter. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Schrodinger Stock Performance

Shares of Schrodinger stock opened at $13.03 on Tuesday. The firm has a 50-day moving average of $14.88 and a 200-day moving average of $17.65. The stock has a market cap of $959.92 million, a PE ratio of -9.18 and a beta of 1.57. Schrodinger has a 52-week low of $11.11 and a 52-week high of $27.63.

Schrodinger (NASDAQ:SDGR) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.57. The business had revenue of $87.24 million during the quarter, compared to analysts’ expectations of $83.66 million. Schrodinger had a negative net margin of 40.37% and a negative return on equity of 29.47%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.24) EPS. Equities research analysts predict that Schrodinger will post -2.37 earnings per share for the current fiscal year.

About Schrodinger

Schrödinger, Inc is a life sciences and materials discovery company that specializes in the application of physics-based computational platforms to accelerate drug discovery and advanced materials design. Founded in 1990 by Professor Richard A. Friesner, Schrödinger has developed a suite of proprietary software tools—such as Maestro for molecular modeling, Glide for molecular docking and Jaguar for quantum chemistry calculations—that enable scientists to predict molecular behavior with high accuracy.