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

Schrödinger (NASDAQ:SDGR) had its price objective dropped by stock analysts at Piper Sandler from $50.00 to $45.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price objective indicates a potential upside of 101.70% from the company’s current price.

A number of other brokerages also recently issued reports on SDGR. KeyCorp upped their price objective on Schrödinger from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. BMO Capital Markets upped their price objective on Schrödinger from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Schrödinger currently has an average rating of “Moderate Buy” and a consensus target price of $31.50.

Schrödinger Trading Up 0.3 %

NASDAQ SDGR opened at $22.31 on Thursday. The firm has a market capitalization of $1.63 billion, a P/E ratio of -9.53 and a beta of 1.61. The business has a fifty day simple moving average of $22.34 and a 200 day simple moving average of $20.59. Schrödinger has a 12 month low of $16.67 and a 12 month high of $29.15.

Schrödinger (NASDAQ:SDGR) last announced its quarterly earnings data 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). The business had revenue of $88.32 million during the quarter, compared to the consensus estimate of $83.20 million. Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. As a group, sell-side analysts predict that Schrödinger will post -2.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. United Advisor Group LLC grew its holdings in 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 position in Schrödinger during the 4th quarter valued at about $473,000. Two Sigma Investments LP purchased a new position in Schrödinger during the 4th quarter valued at about $1,939,000. Tema Etfs LLC purchased a new position in Schrödinger during the 4th quarter valued at about $671,000. Finally, Point72 Hong Kong Ltd purchased a new position in Schrödinger during the 4th quarter valued at about $27,000. Institutional investors own 79.05% of the company’s stock.

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.