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

Schrodinger, Inc. (NASDAQ:SDGR) has been assigned an average rating of “Hold” from the nine analysts that are presently covering the company, Marketbeat.com reports. One research 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 covered the stock in the last year is $20.25.

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

Insider Transactions at Schrodinger

In related news, CEO Ramy Farid sold 43,000 shares of the business’s 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 transaction, the chief executive officer owned 330,824 shares in the company, valued at approximately $4,079,059.92. The trade was a 11.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 10.10% of the company’s stock.

Institutional Trading of Schrodinger

Hedge funds have recently added to or reduced their stakes in the business. Tudor Investment Corp ET AL grew its position in shares of Schrodinger by 2,530.6% in the 3rd quarter. Tudor Investment Corp ET AL now owns 336,379 shares of the company’s stock valued at $6,748,000 after purchasing an additional 323,592 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in Schrodinger by 3.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,714,767 shares of the company’s stock worth $84,300,000 after buying an additional 160,198 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Schrodinger by 10.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,291,349 shares of the company’s stock valued at $40,969,000 after buying an additional 218,916 shares in the last quarter. UBS Group AG lifted its stake in Schrodinger by 51.3% in the fourth quarter. UBS Group AG now owns 1,442,799 shares of the company’s stock valued at $25,797,000 after buying an additional 489,059 shares in the last quarter. Finally, Wesbanco Bank Inc. acquired a new position in shares of Schrodinger in the fourth quarter valued at approximately $839,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Schrodinger Trading Down 2.4%

Shares of NASDAQ SDGR opened at $16.09 on Monday. Schrodinger has a 1 year low of $10.94 and a 1 year high of $23.75. The firm’s 50-day moving average is $14.39 and its 200-day moving average is $14.07. The firm has a market capitalization of $1.19 billion, a PE ratio of -11.41 and a beta of 1.62.

Schrodinger (NASDAQ:SDGR) last announced 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 during the quarter, compared to analyst estimates of $47.57 million. During the same quarter in the prior year, the company earned ($0.82) earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts anticipate that Schrodinger will post -1.89 earnings per share for the current fiscal 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.