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

Schrodinger, Inc. (NASDAQ:SDGR) has earned an average recommendation of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $20.25.

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

Schrodinger Price Performance

SDGR opened at $13.23 on Friday. The company’s 50-day moving average is $12.08 and its 200 day moving average is $14.68. Schrodinger has a fifty-two week low of $10.94 and a fifty-two week high of $27.63. The firm has a market capitalization of $976.64 million, a P/E ratio of -9.38 and a beta of 1.57.

Schrodinger (NASDAQ:SDGR) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.81) earnings per share 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 for the quarter, compared to the consensus estimate of $47.57 million. During the same period in the previous year, the business earned ($0.82) earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities research analysts expect that Schrodinger will post -1.89 earnings per share for the current year.

Insider Transactions at Schrodinger

In related news, CEO Ramy Farid sold 43,000 shares of the firm’s stock in a transaction dated 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 owned 330,824 shares in the company, valued at approximately $4,079,059.92. This trade represents a 11.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 55,501 shares of company stock worth $691,160 in the last three months. Company insiders own 10.10% of the company’s stock.

Institutional Trading of Schrodinger

A number of large investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA increased its stake in shares of Schrodinger by 38.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,072,433 shares of the company’s stock worth $41,573,000 after purchasing an additional 577,899 shares in the last quarter. Tudor Investment Corp ET AL increased its stake in shares of Schrodinger by 2,530.6% in the third quarter. Tudor Investment Corp ET AL now owns 336,379 shares of the company’s stock worth $6,748,000 after purchasing an additional 323,592 shares in the last quarter. Citigroup Inc. increased its stake in shares of Schrodinger by 122.5% in the third quarter. Citigroup Inc. now owns 155,209 shares of the company’s stock worth $3,113,000 after purchasing an additional 85,448 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Schrodinger by 3.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,714,767 shares of the company’s stock worth $84,300,000 after purchasing an additional 160,198 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Schrodinger in the third quarter worth about $1,732,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

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.