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

Schrödinger, Inc. (NASDAQ:SDGR) has earned an average recommendation of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $40.89.

Several equities research analysts have recently commented on the company. Piper Sandler lowered their target price on Schrödinger from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, February 29th. Bank of America decreased their price objective on Schrödinger from $38.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, February 29th. Citigroup reduced their target price on shares of Schrödinger from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Craig Hallum dropped their price objective on Schrödinger from $35.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Finally, The Goldman Sachs Group reduced their target price on Schrödinger from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, March 1st.

Institutional Trading of Schrödinger

A number of institutional investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new stake in Schrödinger during the first quarter worth $263,000. Iron Triangle Partners LP boosted its stake in shares of Schrödinger by 84.2% in the first quarter. Iron Triangle Partners LP now owns 863,323 shares of the company’s stock worth $23,310,000 after acquiring an additional 394,738 shares during the last quarter. EntryPoint Capital LLC grew its holdings in shares of Schrödinger by 651.0% during the first quarter. EntryPoint Capital LLC now owns 15,853 shares of the company’s stock worth $428,000 after buying an additional 13,742 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Schrödinger by 5.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 68,995 shares of the company’s stock valued at $1,861,000 after acquiring an additional 3,410 shares during the last quarter. Finally, UniSuper Management Pty Ltd acquired a new position in shares of Schrödinger in the 1st quarter worth approximately $492,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Schrödinger Stock Up 3.4 %

Shares of NASDAQ SDGR opened at $19.41 on Tuesday. Schrödinger has a 12 month low of $18.60 and a 12 month high of $59.24. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -10.32 and a beta of 1.53. The business has a fifty day simple moving average of $22.50 and a 200-day simple moving average of $26.77.

Schrödinger (NASDAQ:SDGR) last posted its earnings results on Wednesday, May 1st. The company reported ($0.76) earnings per share (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 firm had revenue of $36.60 million during the quarter, compared to analysts’ expectations of $41.23 million. As a group, sell-side analysts expect that Schrödinger will post -2.7 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.