Schrodinger, Inc. (NASDAQ:SDGR – Get Free Report) has been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $20.25.
Several brokerages have commented on SDGR. UBS Group dropped their target price on shares of Schrodinger from $18.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, March 17th. KeyCorp lowered their price objective on shares of Schrodinger from $25.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Morgan Stanley dropped their price objective on shares of Schrodinger from $19.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, May 14th. Finally, Wall Street Zen lowered shares of Schrodinger from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 9th.
Check Out Our Latest Analysis on Schrodinger
Insider Activity at Schrodinger
Institutional Trading of Schrodinger
A number of institutional investors have recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of Schrodinger by 11.4% in the first quarter. Bank of America Corp DE now owns 145,902 shares of the company’s stock valued at $1,657,000 after purchasing an additional 14,970 shares in the last quarter. ADAR1 Capital Management LLC bought a new stake in shares of Schrodinger in the first quarter valued at about $1,153,000. Royal Bank of Canada lifted its holdings in shares of Schrodinger by 34.7% in the first quarter. Royal Bank of Canada now owns 69,464 shares of the company’s stock valued at $790,000 after purchasing an additional 17,893 shares in the last quarter. Rubric Capital Management LP lifted its holdings in shares of Schrodinger by 43.8% in the first quarter. Rubric Capital Management LP now owns 6,000,000 shares of the company’s stock valued at $68,160,000 after purchasing an additional 1,828,502 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new stake in shares of Schrodinger in the first quarter valued at about $1,978,000. 79.05% of the stock is currently owned by institutional investors.
Schrodinger Price Performance
Shares of Schrodinger stock opened at $14.60 on Thursday. Schrodinger has a 1 year low of $10.94 and a 1 year high of $23.75. The business has a 50-day moving average of $12.95 and a two-hundred day moving average of $14.26. The company has a market capitalization of $1.08 billion, a P/E ratio of -10.35 and a beta of 1.64.
Schrodinger (NASDAQ:SDGR – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.81) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $58.59 million for the quarter, compared to the consensus estimate of $47.57 million. During the same quarter last year, the firm earned ($0.82) EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities analysts anticipate that Schrodinger will post -1.89 EPS for the current fiscal year.
About Schrodinger
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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