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

Shares of Schrödinger, Inc. (NASDAQ:SDGR) have been given a consensus recommendation of “Buy” by the six ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $32.80.

A number of brokerages recently commented on SDGR. Piper Sandler lowered their target price on Schrödinger from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. KeyCorp boosted their price target on shares of Schrödinger from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, April 16th.

Insiders Place Their Bets

In other news, insider Karen Akinsanya sold 16,723 shares of the business’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $25.09, for a total transaction of $419,580.07. Following the transaction, the insider now directly owns 15,625 shares of the company’s stock, valued at approximately $392,031.25. The trade was a 51.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.60% of the company’s stock.

Hedge Funds Weigh In On Schrödinger

A number of institutional investors have recently bought and sold shares of SDGR. Point72 Hong Kong Ltd bought a new position in Schrödinger in the fourth quarter worth $27,000. ANTIPODES PARTNERS Ltd bought a new position in shares of Schrödinger in the 1st quarter worth about $37,000. Paradigm Asset Management Co. LLC purchased a new position in Schrödinger during the 4th quarter valued at about $50,000. PNC Financial Services Group Inc. boosted its position in shares of Schrödinger by 29.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,956 shares of the company’s stock worth $58,000 after purchasing an additional 680 shares in the last quarter. Finally, KBC Group NV boosted its holdings in Schrödinger by 73.9% in the fourth quarter. KBC Group NV now owns 4,361 shares of the company’s stock worth $84,000 after acquiring an additional 1,853 shares in the last quarter. 79.05% of the stock is owned by institutional investors.

Schrödinger Stock Performance

SDGR stock opened at $21.20 on Tuesday. The company has a market cap of $1.56 billion, a P/E ratio of -9.06 and a beta of 1.63. Schrödinger has a fifty-two week low of $16.60 and a fifty-two week high of $28.47. The stock’s 50 day simple moving average is $23.70 and its 200 day simple moving average is $22.40.

Schrödinger (NASDAQ:SDGR) last announced its earnings results on Wednesday, May 7th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.81) by ($0.01). The company had revenue of $59.55 million for the quarter, compared to analysts’ expectations of $54.60 million. Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. The firm’s quarterly revenue was up 62.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.86) EPS. Equities analysts predict that Schrödinger will post -2.37 earnings per share for the current year.

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.