Piper Sandler Lowers Schrödinger (NASDAQ:SDGR) Price Target to $45.00

Schrödinger (NASDAQ:SDGR) had its price objective cut by equities research analysts at Piper Sandler from $50.00 to $45.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price objective indicates a potential upside of 107.37% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. BMO Capital Markets boosted their price target on Schrödinger from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. KeyCorp boosted their target price on shares of Schrödinger from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Schrödinger currently has an average rating of “Moderate Buy” and a consensus price target of $31.56.

Schrödinger Trading Up 3.1 %

Schrödinger stock opened at $21.70 on Thursday. Schrödinger has a 12-month low of $16.67 and a 12-month high of $33.63. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of -9.27 and a beta of 1.61. The firm has a 50 day moving average of $22.23 and a 200 day moving average of $20.56.

Schrödinger (NASDAQ:SDGR) last issued its quarterly earnings results on Wednesday, February 26th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.20). Schrödinger had a negative return on equity of 35.77% and a negative net margin of 91.84%. On average, analysts predict that Schrödinger will post -2.37 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. United Advisor Group LLC raised its position in shares of Schrödinger by 3.3% during the 4th quarter. United Advisor Group LLC now owns 19,769 shares of the company’s stock valued at $381,000 after buying an additional 634 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in Schrödinger during the fourth quarter valued at approximately $473,000. Two Sigma Investments LP purchased a new stake in Schrödinger during the fourth quarter valued at approximately $1,939,000. Tema Etfs LLC bought a new stake in shares of Schrödinger in the 4th quarter valued at approximately $671,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Schrödinger in the 4th quarter worth approximately $27,000. 79.05% of the stock is 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.