Schrödinger, Inc. (NASDAQ:SDGR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Schrödinger, Inc. (NASDAQ:SDGR) has been given a consensus rating of “Moderate Buy” by the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $40.89.

SDGR has been the subject of a number of research analyst reports. Craig Hallum lowered their target price on Schrödinger from $35.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Citigroup dropped their target price on shares of Schrödinger from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd.

Schrödinger Stock Performance

NASDAQ:SDGR opened at $19.34 on Tuesday. Schrödinger has a 52 week low of $18.21 and a 52 week high of $59.24. The firm’s fifty day moving average is $22.06 and its 200-day moving average is $26.44. The firm has a market cap of $1.41 billion, a P/E ratio of -10.29 and a beta of 1.53.

Schrödinger (NASDAQ:SDGR) last issued its quarterly earnings results on Wednesday, May 1st. The company reported ($0.76) EPS for the quarter, meeting analysts’ consensus estimates of ($0.76). Schrödinger had a negative net margin of 75.94% and a negative return on equity of 29.25%. The business had revenue of $36.60 million for the quarter, compared to analysts’ expectations of $41.23 million. As a group, sell-side analysts anticipate that Schrödinger will post -2.7 earnings per share for the current year.

Institutional Trading of Schrödinger

Hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its position in shares of Schrödinger by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 427,896 shares of the company’s stock worth $12,097,000 after acquiring an additional 19,321 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Schrödinger by 1.4% in the third quarter. Rhumbline Advisers now owns 164,522 shares of the company’s stock valued at $4,651,000 after purchasing an additional 2,284 shares in the last quarter. FMR LLC lifted its holdings in shares of Schrödinger by 0.9% in the third quarter. FMR LLC now owns 1,735,362 shares of the company’s stock valued at $49,059,000 after purchasing an additional 16,149 shares in the last quarter. Eagle Asset Management Inc. purchased a new position in shares of Schrödinger during the third quarter valued at approximately $5,430,000. Finally, Mckinley Capital Management LLC bought a new stake in Schrödinger during the third quarter worth $810,000. Institutional investors own 79.05% of the company’s stock.

Schrödinger Company Profile

Schrödinger, Inc, together with its subsidiaries, develops physics-based computational platform that enables discovery of novel molecules for drug development and materials applications. The company operates in two segments, Software and Drug Discovery. The Software segment is focused on licensing its software to transform molecular discovery for life sciences and materials science industries.