Schrödinger (NASDAQ:SDGR) Research Coverage Started at SVB Leerink

Stock analysts at SVB Leerink started coverage on shares of Schrödinger (NASDAQ:SDGR) in a report issued on Tuesday, Briefing.com reports. The brokerage set an “outperform” rating and a $29.00 price target on the stock. SVB Leerink’s price objective indicates a potential upside of 54.58% from the company’s previous close.

A number of other equities analysts also recently commented on SDGR. Craig Hallum reduced their price objective on shares of Schrödinger from $35.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Citigroup reduced their price objective on shares of Schrödinger from $39.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Schrödinger currently has a consensus rating of “Moderate Buy” and an average target price of $39.70.

Schrödinger Price Performance

NASDAQ SDGR opened at $18.76 on Tuesday. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of -9.98 and a beta of 1.51. The company’s fifty day moving average is $21.94 and its two-hundred day moving average is $26.29. Schrödinger has a 52-week low of $18.21 and a 52-week high of $59.24.

Schrödinger (NASDAQ:SDGR) last posted its quarterly earnings results on Wednesday, May 1st. The company reported ($0.76) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.76). The company had revenue of $36.60 million for the quarter, compared to analyst estimates of $41.23 million. Schrödinger had a negative net margin of 75.94% and a negative return on equity of 29.25%. As a group, sell-side analysts expect that Schrödinger will post -2.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Schrödinger

Institutional investors have recently modified their holdings of the business. Qube Research & Technologies Ltd acquired a new position in Schrödinger during the third quarter valued at approximately $3,810,000. Seven Eight Capital LP bought a new position in Schrödinger in the third quarter valued at approximately $1,012,000. Tudor Investment Corp Et Al lifted its stake in Schrödinger by 1.0% in the third quarter. Tudor Investment Corp Et Al now owns 91,725 shares of the company’s stock valued at $2,593,000 after buying an additional 908 shares in the last quarter. Integrated Advisors Network LLC lifted its stake in Schrödinger by 75.0% in the third quarter. Integrated Advisors Network LLC now owns 150,514 shares of the company’s stock valued at $4,255,000 after buying an additional 64,489 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Schrödinger by 9.7% in the third quarter. American Century Companies Inc. now owns 277,987 shares of the company’s stock valued at $7,859,000 after buying an additional 24,578 shares in the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Schrödinger Company Profile

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.