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

Shares of Schrödinger, Inc. (NASDAQ:SDGR) have received an average recommendation of “Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $32.29.

Several analysts have recently weighed in on SDGR shares. KeyCorp boosted their target price on Schrödinger from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Piper Sandler reduced their price objective on Schrödinger from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, 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.

Hedge Funds Weigh In On Schrödinger

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd acquired a new position in Schrödinger during the 4th quarter worth approximately $27,000. KBC Group NV increased its position in Schrödinger by 45.4% during the 3rd quarter. KBC Group NV now owns 2,508 shares of the company’s stock worth $47,000 after purchasing an additional 783 shares during the period. Paradigm Asset Management Co. LLC acquired a new position in Schrödinger during the 4th quarter worth approximately $50,000. GAMMA Investing LLC increased its position in Schrödinger by 87.5% during the 4th quarter. GAMMA Investing LLC now owns 2,796 shares of the company’s stock worth $54,000 after purchasing an additional 1,305 shares during the period. Finally, Quarry LP increased its position in Schrödinger by 1,150.0% during the 3rd quarter. Quarry LP now owns 2,825 shares of the company’s stock worth $52,000 after purchasing an additional 2,599 shares during the period. Institutional investors and hedge funds own 79.05% of the company’s stock.

Schrödinger Price Performance

Schrödinger stock opened at $22.31 on Friday. Schrödinger has a 1-year low of $16.67 and a 1-year high of $29.15. The stock has a market cap of $1.63 billion, a PE ratio of -9.53 and a beta of 1.61. The stock’s fifty day moving average is $22.34 and its two-hundred day moving average is $20.60.

Schrödinger (NASDAQ:SDGR) last posted its earnings results on Wednesday, February 26th. The company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.20). Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. The firm had revenue of $88.32 million during the quarter, compared to analysts’ expectations of $83.20 million. On average, research analysts expect that Schrödinger will post -2.37 earnings per share for the current fiscal year.

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.