Schrodinger, Inc. (NASDAQ:SDGR) Stock Has Average Price Target of $23.50 According to Analysts

Schrodinger, Inc. (NASDAQ:SDGR – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $25.50.

A number of research firms have weighed in on SDGR. BMO Capital Markets boosted their target price on shares of Schrodinger from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, October 12th. Zacks Research raised shares of Schrodinger from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. KeyCorp raised 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. Weiss Ratings raised shares of Schrodinger from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 27th. Finally, UBS Group began coverage on shares of Schrodinger in a report on Friday, August 14th. They issued a “neutral” rating and a $19.00 price target on the stock.

Check Out Our Latest Stock Report on Schrodinger

Schrodinger Stock Performance

SDGR opened at $22.60 on Wednesday. The firm has a market cap of $1.67 billion, a P/E ratio of -30.54 and a beta of 1.62. The firm has a 50-day moving average of $23.57 and a 200 day moving average of $17.48. Schrodinger has a fifty-two week low of $10.94 and a fifty-two week high of $33.78.

Schrodinger (NASDAQ:SDGR – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.49. The business had revenue of $58.89 million during the quarter, compared to the consensus estimate of $47.19 million. Schrodinger had a negative net margin of 20.98% and a negative return on equity of 16.37%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.65) earnings per share. Equities research analysts predict that Schrodinger will post -1.50 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Schrodinger news, insider Karen Akinsanya sold 31,599 shares of the 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 transaction, the insider directly owned 69,956 shares of the company’s stock, valued at approximately $2,054,607.72. This represents a 31.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 10.10% of the company’s stock.

Institutional Trading of Schrodinger

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Schrodinger in the 2nd quarter valued at about $170,978,000. Rubric Capital Management LP lifted its holdings in Schrodinger by 43.8% during 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 during the last quarter. Amova Asset Management Americas Inc. lifted its holdings in Schrodinger by 13.2% during the first quarter. Amova Asset Management Americas Inc. now owns 3,190,837 shares of the company’s stock valued at $36,248,000 after purchasing an additional 371,167 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Schrodinger during the second quarter worth about $4,986,000. Finally, Tejara Capital Ltd bought a new position in Schrodinger during the second quarter worth about $4,553,000. 79.05% of the stock is currently owned by institutional investors.

Schrodinger Company Profile

(Get Free Report)

Schrödinger, Inc is a technology company that develops computational software for pharmaceutical and materials research. Its platform uses physics-based modeling, machine learning and other computational methods to help scientists design and optimize molecules, evaluate potential drug candidates and investigate material properties.

The company’s software offerings include molecular modeling, simulation, predictive modeling and collaborative research tools, such as Maestro, Desmond, Jaguar, FEP+ and LiveDesign.

See Also

Analyst Recommendations for Schrodinger (NASDAQ:SDGR)

Receive News & Ratings for Schrodinger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schrodinger and related companies with MarketBeat.com's FREE daily email newsletter.