Schrodinger, Inc. (NASDAQ:SDGR) Receives $20.25 Consensus Target Price from Brokerages

Shares of Schrodinger, Inc. (NASDAQ:SDGR) have earned an average recommendation of “Hold” from the nine research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $20.25.

Several research firms recently commented on SDGR. KeyCorp cut their target price on shares of Schrodinger from $25.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Morgan Stanley cut their target price 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. UBS Group cut their target price on shares of Schrodinger from $18.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 17th. Finally, Wall Street Zen downgraded shares of Schrodinger from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 9th.

Schrodinger Price Performance

NASDAQ:SDGR opened at $15.53 on Thursday. The firm’s 50 day simple moving average is $13.10 and its 200 day simple moving average is $14.23. Schrodinger has a one year low of $10.94 and a one year high of $23.75. The company has a market cap of $1.15 billion, a PE ratio of -11.01 and a beta of 1.64.

Schrodinger (NASDAQ:SDGR) last posted its earnings results on Tuesday, May 5th. The company reported ($0.81) EPS for the quarter, missing the consensus estimate of ($0.56) by ($0.25). Schrodinger had a negative return on equity of 30.85% and a negative net margin of 40.61%.The business had revenue of $58.59 million for the quarter, compared to analyst estimates of $47.57 million. During the same quarter in the prior year, the business earned ($0.82) earnings per share. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. Equities research analysts expect that Schrodinger will post -1.89 EPS for the current year.

Insider Activity

In other news, CEO Ramy Farid sold 43,000 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $12.33, for a total value of $530,190.00. Following the transaction, the chief executive officer owned 330,824 shares in the company, valued at approximately $4,079,059.92. The trade was a 11.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 10.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SDGR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Schrodinger by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,055 shares of the company’s stock worth $653,000 after purchasing an additional 1,412 shares during the period. Cetera Investment Advisers lifted its position in shares of Schrodinger by 75.2% in the 2nd quarter. Cetera Investment Advisers now owns 29,973 shares of the company’s stock worth $603,000 after purchasing an additional 12,868 shares during the period. Norges Bank acquired a new position in shares of Schrodinger in the 2nd quarter worth approximately $311,000. Invesco Ltd. lifted its position in shares of Schrodinger by 15.6% in the 2nd quarter. Invesco Ltd. now owns 155,895 shares of the company’s stock worth $3,137,000 after purchasing an additional 21,039 shares during the period. Finally, First Trust Advisors LP acquired a new position in shares of Schrodinger in the 2nd quarter worth approximately $1,227,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Schrodinger Company Profile

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.