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

Schrödinger, Inc. (NASDAQ:SDGR) has earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $32.11.

SDGR has been the subject of a number of analyst reports. KeyCorp boosted their price objective on shares of Schrödinger from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. BMO Capital Markets boosted their target price on shares of Schrödinger from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th.

Institutional Investors Weigh In On Schrödinger

Institutional investors and hedge funds have recently bought and sold shares of the business. Avanza Fonder AB bought a new position in shares of Schrödinger during the 4th quarter worth about $577,000. Stephens Investment Management Group LLC lifted its stake in Schrödinger by 39.6% during the third quarter. Stephens Investment Management Group LLC now owns 1,539,870 shares of the company’s stock worth $28,565,000 after purchasing an additional 436,789 shares during the period. Barclays PLC boosted its holdings in Schrödinger by 421.6% during the third quarter. Barclays PLC now owns 107,554 shares of the company’s stock valued at $1,995,000 after purchasing an additional 86,933 shares in the last quarter. Millennium Management LLC boosted its holdings in Schrödinger by 2,868.8% during the second quarter. Millennium Management LLC now owns 487,831 shares of the company’s stock valued at $9,435,000 after purchasing an additional 471,399 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Schrödinger by 1.8% in the 3rd quarter. State Street Corp now owns 2,155,620 shares of the company’s stock valued at $39,987,000 after purchasing an additional 38,972 shares during the period. Institutional investors own 79.05% of the company’s stock.

Schrödinger Trading Down 0.8 %

SDGR stock opened at $25.67 on Wednesday. The firm has a market cap of $1.87 billion, a PE ratio of -10.97 and a beta of 1.61. Schrödinger has a 1 year low of $16.67 and a 1 year high of $33.63. The company has a fifty day simple moving average of $21.60 and a 200 day simple moving average of $20.27.

Schrödinger (NASDAQ:SDGR) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.12). Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. The company had revenue of $35.30 million for the quarter, compared to analyst estimates of $41.25 million. During the same period in the prior year, the company posted ($0.86) EPS. The business’s revenue was down 17.1% on a year-over-year basis. As a group, analysts forecast that Schrödinger will post -2.37 EPS for the current fiscal year.

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.