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

Schrödinger, Inc. (NASDAQ:SDGR) has been given an average rating of “Moderate Buy” by the eleven ratings firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $32.90.

Separately, BMO Capital Markets upped their price objective on Schrödinger from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th.

Schrödinger Stock Up 1.6 %

SDGR opened at $19.76 on Tuesday. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -8.44 and a beta of 1.56. Schrödinger has a twelve month low of $16.67 and a twelve month high of $38.00. The company has a 50-day simple moving average of $19.81 and a 200 day simple moving average of $20.04.

Schrödinger (NASDAQ:SDGR) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.12). Schrödinger had a negative return on equity of 35.77% and a negative net margin of 91.84%. The firm had revenue of $35.30 million for the quarter, compared to analyst estimates of $41.25 million. During the same quarter in the prior year, the business posted ($0.86) EPS. The business’s revenue was down 17.1% on a year-over-year basis. Sell-side analysts anticipate that Schrödinger will post -2.29 EPS for the current fiscal year.

Insider Activity

In other news, insider Margaret Dugan sold 1,531 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $17.78, for a total value of $27,221.18. Following the completion of the sale, the insider now owns 13,469 shares in the company, valued at $239,478.82. This represents a 10.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC grew its holdings in Schrödinger by 145.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,413 shares of the company’s stock valued at $27,000 after buying an additional 837 shares in the last quarter. KBC Group NV boosted its stake in shares of Schrödinger by 45.4% in the 3rd quarter. KBC Group NV now owns 2,508 shares of the company’s stock valued at $47,000 after purchasing an additional 783 shares in the last quarter. Quarry LP increased its holdings in shares of Schrödinger by 1,150.0% in the third quarter. Quarry LP now owns 2,825 shares of the company’s stock worth $52,000 after buying an additional 2,599 shares during the period. nVerses Capital LLC bought a new stake in Schrödinger in the second quarter valued at approximately $66,000. Finally, Quest Partners LLC boosted its position in Schrödinger by 1,005.6% during the 2nd quarter. Quest Partners LLC now owns 4,555 shares of the company’s stock valued at $88,000 after buying an additional 4,143 shares during the period. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

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.