Brokerages Set Schrodinger, Inc. (NASDAQ:SDGR) Target Price at $20.25

Shares of Schrodinger, Inc. (NASDAQ:SDGR) have been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given 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 $20.25.

Several research firms have commented on SDGR. Weiss Ratings upgraded shares of Schrodinger from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday. Morgan Stanley reduced their target price on shares of Schrodinger from $19.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, May 14th. KeyCorp decreased their target price on shares of Schrodinger from $25.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Finally, Wall Street Zen downgraded shares of Schrodinger from a “hold” rating to a “strong sell” rating in a report on Saturday, May 9th.

Institutional Investors Weigh In On Schrodinger

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SDGR. EverSource Wealth Advisors LLC boosted its holdings in shares of Schrodinger by 722.8% in the 4th 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 during the period. Los Angeles Capital Management LLC bought a new stake in Schrodinger in the fourth quarter worth $26,000. Hantz Financial Services Inc. lifted its position in Schrodinger by 5,025.8% in the fourth 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. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Schrodinger during the fourth quarter worth $36,000. Finally, State of Wyoming purchased a new position in Schrodinger during the second quarter worth $39,000. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Schrodinger Price Performance

NASDAQ:SDGR opened at $15.14 on Friday. Schrodinger has a 1 year low of $10.94 and a 1 year high of $23.02. The stock’s 50 day simple moving average is $15.40 and its two-hundred day simple moving average is $13.74. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -10.74 and a beta of 1.62.

Schrodinger (NASDAQ:SDGR) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $47.57 million. During the same quarter in the prior year, the company posted ($0.82) earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. As a group, analysts anticipate 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.