Schrödinger (NASDAQ:SDGR) Stock Price Expected to Rise, KeyCorp Analyst Says

Schrödinger (NASDAQ:SDGR) had its price objective increased by investment analysts at KeyCorp from $25.00 to $27.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price target would indicate a potential upside of 9.44% from the stock’s previous close.

Separately, BMO Capital Markets boosted their target price on Schrödinger from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $33.10.

Schrödinger Stock Performance

Shares of NASDAQ:SDGR opened at $24.67 on Friday. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of -10.54 and a beta of 1.59. The firm has a fifty day moving average price of $20.71 and a 200 day moving average price of $20.08. Schrödinger has a fifty-two week low of $16.67 and a fifty-two week high of $33.63.

Schrödinger (NASDAQ:SDGR) last posted its earnings results 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 firm had revenue of $35.30 million for the quarter, compared to the consensus estimate of $41.25 million. During the same quarter in the prior year, the company posted ($0.86) earnings per share. The firm’s revenue was down 17.1% compared to the same quarter last year. As a group, research analysts predict that Schrödinger will post -2.29 earnings per share for the current year.

Hedge Funds Weigh In On Schrödinger

A number of large investors have recently made changes to their positions in SDGR. KBC Group NV raised its stake in Schrödinger by 45.4% in the third quarter. KBC Group NV now owns 2,508 shares of the company’s stock valued at $47,000 after buying an additional 783 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Schrödinger by 87.5% in the fourth quarter. GAMMA Investing LLC now owns 2,796 shares of the company’s stock worth $54,000 after buying an additional 1,305 shares during the last quarter. Quarry LP lifted its stake in shares of Schrödinger by 1,150.0% during the third quarter. Quarry LP now owns 2,825 shares of the company’s stock worth $52,000 after buying an additional 2,599 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Schrödinger in the 3rd quarter worth $102,000. Finally, Point72 DIFC Ltd purchased a new stake in Schrödinger during the 3rd quarter valued at about $151,000. 79.05% of the stock is owned by institutional investors and hedge funds.

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.