Schrödinger, Inc. (NASDAQ:SDGR) Given Average Recommendation of “Moderate Buy” by Brokerages

Schrödinger, Inc. (NASDAQ:SDGR) has earned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $32.11.

A number of equities research analysts have issued reports on SDGR shares. BMO Capital Markets increased their price target on Schrödinger from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. KeyCorp increased their target price on Schrödinger from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th.

Schrödinger Trading Up 0.8 %

Shares of NASDAQ:SDGR opened at $24.93 on Wednesday. The stock has a 50 day moving average of $21.38 and a 200 day moving average of $20.20. The company has a market cap of $1.82 billion, a PE ratio of -10.65 and a beta of 1.61. Schrödinger has a 12-month low of $16.67 and a 12-month high of $33.63.

Schrödinger (NASDAQ:SDGR) last posted 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). The firm had revenue of $35.30 million during the quarter, compared to the consensus estimate of $41.25 million. Schrödinger had a negative return on equity of 35.77% and a negative net margin of 91.84%. The business’s revenue for the quarter was down 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.86) earnings per share. Equities research analysts predict that Schrödinger will post -2.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Schrödinger

Several institutional investors have recently added to or reduced their stakes in SDGR. KBC Group NV boosted its position in shares of Schrödinger by 45.4% during the 3rd quarter. KBC Group NV now owns 2,508 shares of the company’s stock valued at $47,000 after acquiring an additional 783 shares during the last quarter. Paradigm Asset Management Co. LLC purchased a new stake in Schrödinger during the fourth quarter valued at $50,000. GAMMA Investing LLC lifted its position in Schrödinger by 87.5% during the fourth quarter. GAMMA Investing LLC now owns 2,796 shares of the company’s stock valued at $54,000 after purchasing an additional 1,305 shares during the last quarter. Quarry LP grew its stake in shares of Schrödinger by 1,150.0% in the 3rd quarter. Quarry LP now owns 2,825 shares of the company’s stock worth $52,000 after buying an additional 2,599 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Schrödinger in the 3rd quarter worth about $102,000. Hedge funds and other institutional investors 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.