Schrödinger (NASDAQ:SDGR) Price Target Cut to $45.00 by Analysts at Piper Sandler

Schrödinger (NASDAQ:SDGR) had its target price reduced by Piper Sandler from $50.00 to $45.00 in a research note released on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

SDGR has been the topic of several other research reports. BMO Capital Markets lifted their price objective on Schrödinger from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. KeyCorp boosted their price target on Schrödinger from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $31.56.

Schrödinger Stock Up 2.5 %

Shares of SDGR stock opened at $22.25 on Thursday. The business has a 50-day moving average price of $22.29 and a two-hundred day moving average price of $20.57. Schrödinger has a 12-month low of $16.67 and a 12-month high of $32.46. The firm has a market cap of $1.62 billion, a P/E ratio of -9.51 and a beta of 1.61.

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

Institutional Investors Weigh In On Schrödinger

Hedge funds have recently added to or reduced their stakes in the stock. United Advisor Group LLC raised its holdings in Schrödinger by 3.3% in the 4th quarter. United Advisor Group LLC now owns 19,769 shares of the company’s stock worth $381,000 after purchasing an additional 634 shares during the period. Two Sigma Advisers LP purchased a new position in Schrödinger during the fourth quarter valued at $473,000. Two Sigma Investments LP purchased a new position in Schrödinger during the fourth quarter valued at $1,939,000. Tema Etfs LLC purchased a new position in shares of Schrödinger during the 4th quarter valued at about $671,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Schrödinger during the 4th quarter valued at approximately $27,000. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

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.