Schrodinger, Inc. (NASDAQ:SDGR) Receives $20.25 Average PT from Analysts

Shares of Schrodinger, Inc. (NASDAQ:SDGR) have earned an average recommendation of “Hold” from the nine brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $20.25.

A number of analysts recently weighed in on the company. Wall Street Zen downgraded Schrodinger from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 9th. Morgan Stanley decreased their target price on shares of Schrodinger from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 14th. UBS Group cut their price target on shares of Schrodinger from $18.00 to $13.00 and set a “neutral” rating for the company in a report on Tuesday, March 17th. Finally, KeyCorp reduced their price objective on shares of Schrodinger from $25.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th.

Insider Activity

In other news, CEO Ramy Farid sold 43,000 shares of Schrodinger stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $12.33, for a total transaction of $530,190.00. Following the completion of the sale, the chief executive officer directly owned 330,824 shares in the company, valued at approximately $4,079,059.92. This trade represents a 11.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 10.10% of the company’s stock.

Hedge Funds Weigh In On Schrodinger

Several hedge funds and other institutional investors have recently bought and sold shares of SDGR. EverSource Wealth Advisors LLC boosted its position in Schrodinger by 722.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,374 shares of the company’s stock worth $25,000 after purchasing an additional 1,207 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Schrodinger during the 4th quarter worth $26,000. Hantz Financial Services Inc. raised its stake in shares of Schrodinger by 5,025.8% during the 4th quarter. Hantz Financial Services Inc. now owns 1,589 shares of the company’s stock worth $28,000 after buying an additional 1,558 shares during the last quarter. State of Wyoming purchased a new stake in shares of Schrodinger in the 2nd quarter worth about $39,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Schrodinger in the 4th quarter valued at about $36,000. 79.05% of the stock is owned by institutional investors and hedge funds.

Schrodinger Trading Down 1.8%

Shares of Schrodinger stock traded down $0.30 on Monday, reaching $16.49. 1,095,129 shares of the stock were exchanged, compared to its average volume of 1,347,877. The firm has a market capitalization of $1.22 billion, a PE ratio of -11.70 and a beta of 1.62. Schrodinger has a 1-year low of $10.94 and a 1-year high of $23.75. The business has a fifty day moving average price of $14.57 and a two-hundred day moving average price of $14.08.

Schrodinger (NASDAQ:SDGR) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.81) 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 firm had revenue of $58.59 million during the quarter, compared to analyst estimates of $47.57 million. During the same quarter in the previous year, the business earned ($0.82) EPS. Schrodinger’s revenue for the quarter was down 1.6% on a year-over-year basis. Research analysts expect that Schrodinger will post -1.89 EPS for the current year.

Schrodinger Company Profile

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.