KeyCorp Issues Pessimistic Forecast for Schrodinger (NASDAQ:SDGR) Stock Price

Schrodinger (NASDAQ:SDGR) had its price objective reduced by stock analysts at KeyCorp from $28.00 to $25.00 in a report released on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price points to a potential upside of 36.39% from the company’s current price.

Several other analysts have also issued reports on the stock. Wall Street Zen raised shares of Schrodinger from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. The Goldman Sachs Group initiated coverage on shares of Schrodinger in a report on Monday, September 29th. They issued a “neutral” rating and a $19.00 price target on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Schrodinger in a research report on Tuesday, October 14th. Bank of America upgraded Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Monday, December 15th. Finally, UBS Group assumed coverage on Schrodinger in a research report on Wednesday. They set a “neutral” rating and a $18.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $24.38.

Schrodinger Price Performance

SDGR opened at $18.33 on Thursday. The firm has a market capitalization of $1.35 billion, a P/E ratio of -7.61 and a beta of 1.54. Schrodinger has a fifty-two week low of $15.99 and a fifty-two week high of $28.47. The company’s 50-day moving average is $18.07 and its 200 day moving average is $19.51.

Schrodinger (NASDAQ:SDGR) last released its earnings results on Wednesday, November 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.27. Schrodinger had a negative return on equity of 48.24% and a negative net margin of 68.49%.The company had revenue of $54.32 million during the quarter, compared to analyst estimates of $50.51 million. During the same period in the prior year, the company posted ($0.87) earnings per share. Schrodinger’s quarterly revenue was up 53.9% on a year-over-year basis. On average, equities research analysts expect that Schrodinger will post -2.37 earnings per share for the current year.

Insider Transactions at Schrodinger

In other Schrodinger news, insider Margaret Dugan sold 1,395 shares of Schrodinger stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $21.07, for a total value of $29,392.65. Following the transaction, the insider directly owned 24,574 shares of the company’s stock, valued at $517,774.18. The trade was a 5.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 21.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Schrodinger

Several institutional investors have recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL increased its position 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 valued at $6,748,000 after acquiring an additional 323,592 shares during the period. CANADA LIFE ASSURANCE Co grew its position in shares of Schrodinger by 4.7% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 66,520 shares of the company’s stock worth $1,332,000 after buying an additional 2,995 shares during the last quarter. PharVision Advisers LLC purchased a new position in shares of Schrodinger during the third quarter valued at approximately $286,000. XTX Topco Ltd raised its holdings in shares of Schrodinger by 82.2% during the third quarter. XTX Topco Ltd now owns 53,596 shares of the company’s stock valued at $1,075,000 after acquiring an additional 24,172 shares in the last quarter. Finally, Verity Asset Management Inc. boosted its holdings in Schrodinger by 43.5% in the third quarter. Verity Asset Management Inc. now owns 64,924 shares of the company’s stock valued at $1,302,000 after acquiring an additional 19,673 shares in the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.

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.