Schrodinger (NASDAQ:SDGR) Price Target Raised to $21.00

Schrodinger (NASDAQ:SDGR) had its price objective hoisted by UBS Group from $19.00 to $21.00 in a research note issued to investors on Tuesday morning, Marketbeat.com reports. UBS Group currently has a neutral rating on the stock.

Several other equities analysts have also recently issued reports on the stock. Zacks Research upgraded shares of Schrodinger from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. KeyCorp lifted their price target on shares of Schrodinger from $20.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, October 16th. TD Cowen lifted their price target on shares of Schrodinger from $20.00 to $31.00 and gave the stock a “buy” rating in a research note on Tuesday, October 13th. Weiss Ratings raised shares of Schrodinger from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 27th. Finally, Wall Street Zen upgraded shares of Schrodinger from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Schrodinger presently has an average rating of “Moderate Buy” and a consensus target price of $25.83.

Schrodinger Price Performance

Shares of NASDAQ:SDGR opened at $22.60 on Tuesday. The company has a market cap of $1.67 billion, a P/E ratio of -30.54 and a beta of 1.62. Schrodinger has a 1 year low of $10.94 and a 1 year high of $33.78. The stock’s fifty day moving average price is $23.94 and its 200-day moving average price is $17.81.

Schrodinger (NASDAQ:SDGR) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.41) by $0.49. Schrodinger had a negative return on equity of 16.37% and a negative net margin of 20.98%. The company had revenue of $58.89 million for the quarter, compared to analysts’ expectations of $47.19 million. During the same period last year, the firm posted ($0.65) earnings per share. Schrodinger’s revenue was up 7.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Schrodinger will post -1.50 earnings per share for the current year.

Insider Activity at Schrodinger

In related news, insider Karen Akinsanya sold 31,599 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $29.37, for a total transaction of $928,062.63. Following the completion of the sale, the insider owned 69,956 shares in the company, valued at approximately $2,054,607.72. This represents a 31.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC increased its position in shares of Schrodinger by 5.7% during the 3rd quarter. GAMMA Investing LLC now owns 14,353 shares of the company’s stock valued at $446,000 after purchasing an additional 772 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in shares of Schrodinger by 2.0% in the 1st quarter. Kestra Advisory Services LLC now owns 51,429 shares of the company’s stock worth $584,000 after purchasing an additional 1,002 shares during the period. Root Financial Partners LLC bought a new position in shares of Schrodinger in the 3rd quarter worth approximately $50,000. Sterling Capital Management LLC boosted its holdings in shares of Schrodinger by 843.8% in the third quarter. Sterling Capital Management LLC now owns 1,916 shares of the company’s stock worth $59,000 after buying an additional 1,713 shares during the last quarter. Finally, Entropy Technologies LP boosted its holdings in shares of Schrodinger by 17.9% in the first quarter. Entropy Technologies LP now owns 15,257 shares of the company’s stock worth $173,000 after buying an additional 2,311 shares during the last quarter. 79.05% of the stock is owned by hedge funds and other institutional investors.

Schrodinger Company Profile

Schrödinger, Inc develops computational software and services designed to support pharmaceutical, biotechnology and materials research. Its platform uses physics-based modeling, machine learning and other computational methods to help scientists analyze molecular interactions, design compounds and prioritize candidates for experimental testing.

The company’s software offerings include tools for molecular modeling, quantum chemistry, molecular dynamics, virtual screening, property prediction and free-energy calculations.