Morgan Stanley Issues Pessimistic Forecast for Schrodinger (NASDAQ:SDGR) Stock Price

Schrodinger (NASDAQ:SDGRGet Free Report) had its price target cut by investment analysts at Morgan Stanley from $19.00 to $17.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 42.26% from the stock’s current price.

SDGR has been the subject of a number of other research reports. UBS Group reduced their price objective on Schrodinger from $18.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, March 17th. Wall Street Zen lowered Schrodinger from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 9th. Finally, KeyCorp reduced their price target on Schrodinger from $25.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.25.

View Our Latest Report on SDGR

Schrodinger Trading Down 5.3%

Shares of SDGR opened at $11.95 on Thursday. Schrodinger has a 52 week low of $10.94 and a 52 week high of $27.63. The firm has a market cap of $882.15 million, a price-to-earnings ratio of -8.48 and a beta of 1.57. The stock has a 50 day moving average of $12.12 and a 200-day moving average of $14.98.

Schrodinger (NASDAQ:SDGRGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.81) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.25). Schrodinger had a negative net margin of 40.61% and a negative return on equity of 30.85%. The company had revenue of $58.59 million for the quarter, compared to analyst estimates of $47.57 million. During the same quarter in the prior year, the firm earned ($0.82) EPS. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, sell-side analysts predict that Schrodinger will post -1.26 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Ramy Farid sold 43,000 shares of the business’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $12.33, for a total transaction of $530,190.00. Following the sale, the chief executive officer directly owned 330,824 shares of the company’s stock, valued at $4,079,059.92. The trade was a 11.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 55,501 shares of company stock worth $691,160 over the last quarter. 10.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Amalgamated Bank grew its stake in Schrodinger by 3.9% in the third quarter. Amalgamated Bank now owns 16,411 shares of the company’s stock valued at $329,000 after purchasing an additional 623 shares in the last quarter. Verity Asset Management Inc. grew its stake in Schrodinger by 1.2% in the fourth quarter. Verity Asset Management Inc. now owns 65,722 shares of the company’s stock valued at $1,175,000 after purchasing an additional 798 shares in the last quarter. Handelsbanken Fonder AB grew its stake in Schrodinger by 6.3% in the fourth quarter. Handelsbanken Fonder AB now owns 15,200 shares of the company’s stock valued at $272,000 after purchasing an additional 900 shares in the last quarter. Stephens Inc. AR grew its stake in Schrodinger by 9.5% in the third quarter. Stephens Inc. AR now owns 10,894 shares of the company’s stock valued at $219,000 after purchasing an additional 944 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its stake in Schrodinger by 2.0% in the first quarter. Kestra Advisory Services LLC now owns 51,429 shares of the company’s stock valued at $584,000 after purchasing an additional 1,002 shares in the last quarter. 79.05% of the stock is owned by institutional investors and hedge funds.

Schrodinger Company Profile

(Get Free Report)

Schrödinger, Inc is a life sciences and materials discovery company that specializes in the application of physics-based computational platforms to accelerate drug discovery and advanced materials design. Founded in 1990 by Professor Richard A. Friesner, Schrödinger has developed a suite of proprietary software tools—such as Maestro for molecular modeling, Glide for molecular docking and Jaguar for quantum chemistry calculations—that enable scientists to predict molecular behavior with high accuracy.

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Analyst Recommendations for Schrodinger (NASDAQ:SDGR)

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