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

Shares of Schrödinger, Inc. (NASDAQ:SDGR) have been given a consensus recommendation of “Moderate Buy” by the ten research firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $32.11.

A number of equities research analysts have recently issued reports on SDGR shares. KeyCorp boosted 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. BMO Capital Markets lifted 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.

Schrödinger Price Performance

SDGR opened at $24.49 on Wednesday. Schrödinger has a 12-month low of $16.67 and a 12-month high of $33.63. The stock has a market capitalization of $1.78 billion, a PE ratio of -10.47 and a beta of 1.61. The firm’s fifty day moving average price is $21.70 and its 200 day moving average price is $20.30.

Schrödinger (NASDAQ:SDGR) last announced its quarterly earnings data 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 business had revenue of $35.30 million for the quarter, compared to the consensus estimate of $41.25 million. Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. Schrödinger’s quarterly revenue was down 17.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.86) EPS. On average, equities research analysts forecast that Schrödinger will post -2.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. grew its holdings in shares of Schrödinger by 5.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 13,059 shares of the company’s stock valued at $242,000 after buying an additional 622 shares during the period. KBC Group NV lifted its holdings in Schrödinger by 45.4% during the third quarter. KBC Group NV now owns 2,508 shares of the company’s stock worth $47,000 after acquiring an additional 783 shares in the last quarter. Redwood Wealth Management Group LLC lifted its holdings in Schrödinger by 8.4% during the fourth quarter. Redwood Wealth Management Group LLC now owns 14,620 shares of the company’s stock worth $283,000 after acquiring an additional 1,132 shares in the last quarter. GAMMA Investing LLC grew its stake in Schrödinger by 87.5% in the fourth quarter. GAMMA Investing LLC now owns 2,796 shares of the company’s stock valued at $54,000 after acquiring an additional 1,305 shares during the period. Finally, Swiss National Bank increased its holdings in shares of Schrödinger by 1.2% in the fourth quarter. Swiss National Bank now owns 125,100 shares of the company’s stock worth $2,413,000 after acquiring an additional 1,500 shares in the last quarter. Institutional investors and hedge funds 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.