Schrodinger, Inc. (NASDAQ:SDGR) Receives Consensus Recommendation of “Hold” from Analysts

Schrodinger, Inc. (NASDAQ:SDGR) has earned a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $20.50.

A number of equities research analysts have commented on the stock. Morgan Stanley dropped their price objective on shares of Schrodinger from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 14th. Wall Street Zen upgraded shares of Schrodinger from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 8th. UBS Group started coverage on Schrodinger in a report on Friday, August 14th. They issued a “neutral” rating and a $19.00 target price on the stock. Finally, Weiss Ratings upgraded Schrodinger from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday.

Institutional Investors Weigh In On Schrodinger

Several hedge funds and other institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its holdings in Schrodinger by 722.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,374 shares of the company’s stock valued at $25,000 after purchasing an additional 1,207 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Schrodinger in the fourth quarter valued at approximately $26,000. Hantz Financial Services Inc. raised its holdings in Schrodinger by 5,025.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,589 shares of the company’s stock worth $28,000 after purchasing an additional 1,558 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Schrodinger during the 4th quarter worth approximately $36,000. Finally, State of Wyoming purchased a new stake in shares of Schrodinger during the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Schrodinger Price Performance

SDGR stock opened at $19.50 on Tuesday. The business’s 50-day moving average is $16.97 and its two-hundred day moving average is $14.20. The firm has a market capitalization of $1.44 billion, a P/E ratio of -26.35 and a beta of 1.63. Schrodinger has a 1 year low of $10.94 and a 1 year high of $23.02.

Schrodinger (NASDAQ:SDGR) last released its earnings results on Wednesday, August 5th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.49. Schrodinger had a negative net margin of 20.98% and a negative return on equity of 16.37%. The firm had revenue of $58.89 million for the quarter, compared to analyst estimates of $47.19 million. During the same period in the prior year, the firm earned ($0.65) earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, analysts expect that Schrodinger will post -1.89 EPS for the current 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.