Schrödinger, Inc. (NASDAQ:SDGR) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Schrödinger, Inc. (NASDAQ:SDGR) have been assigned an average rating of “Moderate Buy” from the eleven analysts that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $38.90.

A number of analysts have recently issued reports on the company. Leerink Partnrs upgraded Schrödinger to a “strong-buy” rating in a report on Tuesday, July 2nd. KeyCorp lowered their target price on Schrödinger from $30.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. Citigroup dropped their target price on Schrödinger from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Craig Hallum decreased their price target on shares of Schrödinger from $35.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Finally, SVB Leerink assumed coverage on shares of Schrödinger in a research note on Tuesday, July 2nd. They issued an “outperform” rating and a $29.00 price objective on the stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Sumitomo Mitsui Trust Holdings Inc. increased its position in Schrödinger by 60.3% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,300,750 shares of the company’s stock worth $82,367,000 after buying an additional 865,867 shares during the last quarter. Iron Triangle Partners LP bought a new position in shares of Schrödinger in the 4th quarter valued at approximately $16,775,000. Norges Bank acquired a new stake in Schrödinger in the 4th quarter worth approximately $8,530,000. Tocqueville Asset Management L.P. lifted its holdings in Schrödinger by 35.5% in the 1st quarter. Tocqueville Asset Management L.P. now owns 899,750 shares of the company’s stock worth $24,293,000 after purchasing an additional 235,785 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in Schrödinger by 1,137.3% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 248,700 shares of the company’s stock worth $9,159,000 after purchasing an additional 228,600 shares during the period. Institutional investors own 79.05% of the company’s stock.

Schrödinger Stock Down 3.7 %

Shares of NASDAQ SDGR opened at $21.84 on Friday. The stock’s fifty day simple moving average is $21.23 and its 200 day simple moving average is $24.77. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of -11.62 and a beta of 1.51. Schrödinger has a 52-week low of $18.21 and a 52-week high of $52.81.

Schrödinger (NASDAQ:SDGR) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.76) EPS for the quarter, meeting analysts’ consensus estimates of ($0.76). Schrödinger had a negative net margin of 75.94% and a negative return on equity of 29.25%. The company had revenue of $36.60 million during the quarter, compared to analyst estimates of $41.23 million. As a group, analysts anticipate that Schrödinger will post -2.83 earnings per share for the current year.

Schrödinger Company Profile

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.