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

Schrödinger, Inc. (NASDAQ:SDGR) has been given a consensus recommendation of “Moderate Buy” by the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $32.60.

SDGR has been the subject of a number of research analyst reports. Leerink Partners initiated coverage on Schrödinger in a research report on Tuesday, July 2nd. They set an “outperform” rating and a $29.00 target price for the company. Morgan Stanley decreased their price objective on Schrödinger from $43.00 to $30.00 and set an “equal weight” rating for the company in a report on Wednesday, August 21st. Leerink Partnrs upgraded shares of Schrödinger to a “strong-buy” rating in a report on Tuesday, July 2nd. BMO Capital Markets reduced their price target on shares of Schrödinger from $30.00 to $25.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Finally, KeyCorp dropped their price objective on shares of Schrödinger from $30.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th.

Schrödinger Trading Down 0.2 %

NASDAQ SDGR opened at $17.68 on Monday. The stock has a market cap of $1.28 billion, a PE ratio of -9.40 and a beta of 1.50. Schrödinger has a 12 month low of $16.67 and a 12 month high of $38.00. The company’s 50-day moving average price is $19.15 and its 200-day moving average price is $20.93.

Schrödinger (NASDAQ:SDGR) last issued its earnings results on Wednesday, July 31st. The company reported ($0.74) EPS for the quarter, topping analysts’ consensus estimates of ($0.85) by $0.11. The business had revenue of $47.33 million for the quarter, compared to the consensus estimate of $40.19 million. Schrödinger had a negative net margin of 100.42% and a negative return on equity of 38.38%. As a group, sell-side analysts forecast that Schrödinger will post -2.19 earnings per share for the current year.

Insider Buying and Selling

In other Schrödinger news, insider Margaret Dugan sold 1,531 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $17.78, for a total value of $27,221.18. Following the completion of the sale, the insider now directly owns 13,469 shares in the company, valued at $239,478.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Schrödinger

Several hedge funds have recently modified their holdings of SDGR. Vanguard Group Inc. increased its position in shares of Schrödinger by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 6,809,024 shares of the company’s stock valued at $183,844,000 after acquiring an additional 32,393 shares during the period. Rubric Capital Management LP grew its stake in Schrödinger by 213.5% during the 2nd quarter. Rubric Capital Management LP now owns 3,130,000 shares of the company’s stock valued at $60,534,000 after purchasing an additional 2,131,724 shares during the last quarter. Baillie Gifford & Co. increased its holdings in shares of Schrödinger by 0.4% in the first quarter. Baillie Gifford & Co. now owns 2,612,007 shares of the company’s stock valued at $70,524,000 after purchasing an additional 9,618 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Schrödinger by 53.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,228,123 shares of the company’s stock worth $23,752,000 after purchasing an additional 427,594 shares during the last quarter. Finally, Tocqueville Asset Management L.P. lifted its holdings in shares of Schrödinger by 35.5% during the first quarter. Tocqueville Asset Management L.P. now owns 899,750 shares of the company’s stock worth $24,293,000 after purchasing an additional 235,785 shares during the period. Institutional investors and hedge funds own 79.05% of the company’s stock.

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.