Schrodinger, Inc. (NASDAQ:SDGR) Receives $21.75 Consensus PT from Analysts

Shares of Schrodinger, Inc. (NASDAQ:SDGR) have received an average recommendation of “Hold” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $21.75.

A number of analysts recently weighed in on SDGR shares. Weiss Ratings restated a “sell (e+)” rating on shares of Schrodinger in a report on Friday, January 9th. Wall Street Zen raised Schrodinger from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Bank of America upgraded Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Monday, December 15th. UBS Group started coverage on Schrodinger in a research note on Wednesday, January 7th. They set a “neutral” rating and a $18.00 price objective for the company. Finally, TD Cowen restated a “buy” rating on shares of Schrodinger in a report on Thursday, January 8th.

Schrodinger Trading Up 1.6%

Shares of Schrodinger stock opened at $12.95 on Tuesday. Schrodinger has a 52 week low of $11.11 and a 52 week high of $27.63. The stock has a market cap of $955.97 million, a PE ratio of -9.12 and a beta of 1.57. The company’s 50-day moving average price is $14.67 and its two-hundred day moving average price is $17.52.

Schrodinger (NASDAQ:SDGR) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.57. The company had revenue of $87.24 million during the quarter, compared to analyst estimates of $83.66 million. Schrodinger had a negative net margin of 40.37% and a negative return on equity of 29.47%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.24) EPS. On average, equities analysts predict that Schrodinger will post -2.37 EPS for the current fiscal year.

Insider Buying and Selling at Schrodinger

In related news, CEO Ramy Farid sold 3,661 shares of Schrodinger stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $12.91, for a total value of $47,263.51. Following the transaction, the chief executive officer owned 330,824 shares of the company’s stock, valued at approximately $4,270,937.84. This trade represents a 1.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 15,340 shares of company stock valued at $200,605. Company insiders own 21.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SDGR. EverSource Wealth Advisors LLC raised its holdings in shares of Schrodinger by 722.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,374 shares of the company’s stock valued at $25,000 after acquiring an additional 1,207 shares during the period. Los Angeles Capital Management LLC acquired a new position in Schrodinger in the 4th quarter worth approximately $26,000. Hantz Financial Services Inc. grew its position in 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 purchasing an additional 1,558 shares in the last quarter. State of Wyoming purchased a new position in Schrodinger during the 2nd quarter worth approximately $39,000. Finally, Aster Capital Management DIFC Ltd raised its stake in Schrodinger by 212.4% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 1,943 shares of the company’s stock valued at $39,000 after purchasing an additional 1,321 shares during the period. 79.05% of the stock is currently owned by institutional investors and hedge funds.

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.