Schrödinger, Inc. (NASDAQ:SDGR) Receives Average Recommendation of “Moderate Buy” from Analysts

Schrödinger, Inc. (NASDAQ:SDGR) has been given a consensus rating of “Moderate Buy” by the eleven analysts that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $32.90.

SDGR has been the topic of several research reports. BMO Capital Markets upped their price target on Schrödinger from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Morgan Stanley cut their target price on Schrödinger from $43.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 21st.

Schrödinger Stock Up 6.3 %

Shares of Schrödinger stock opened at $20.39 on Friday. The business has a fifty day simple moving average of $18.63 and a 200-day simple moving average of $20.25. Schrödinger has a fifty-two week low of $16.67 and a fifty-two week high of $38.00. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of -8.71 and a beta of 1.50.

Schrödinger (NASDAQ:SDGR) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.52) earnings per share 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 business had revenue of $35.30 million during the quarter, compared to analyst estimates of $41.25 million. During the same period in the previous year, the company posted ($0.86) earnings per share. Schrödinger’s revenue was down 17.1% compared to the same quarter last year. Analysts anticipate that Schrödinger will post -2.29 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Margaret Dugan sold 1,531 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $17.78, for a total transaction of $27,221.18. Following the completion of the sale, the insider now directly owns 13,469 shares in the company, valued at approximately $239,478.82. This trade represents a 10.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Schrödinger

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stephens Investment Management Group LLC raised its stake in shares of Schrödinger by 39.6% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,539,870 shares of the company’s stock worth $28,565,000 after purchasing an additional 436,789 shares in the last quarter. Millennium Management LLC increased its holdings in Schrödinger by 2,868.8% in the second quarter. Millennium Management LLC now owns 487,831 shares of the company’s stock worth $9,435,000 after buying an additional 471,399 shares during the last quarter. Bank of New York Mellon Corp raised its position in Schrödinger by 7.5% during the second quarter. Bank of New York Mellon Corp now owns 500,461 shares of the company’s stock valued at $9,679,000 after acquiring an additional 35,036 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Schrödinger by 1.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,191,054 shares of the company’s stock worth $40,644,000 after purchasing an additional 29,920 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of Schrödinger by 29.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 20,062 shares of the company’s stock valued at $528,000 after purchasing an additional 4,510 shares in the last quarter. Hedge funds and other 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.