Schrödinger, Inc. (NASDAQ:SDGR) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Schrödinger, Inc. (NASDAQ:SDGR) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $32.11.

A number of research firms recently weighed in on SDGR. KeyCorp boosted their price target on shares of Schrödinger from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. BMO Capital Markets increased their price target on Schrödinger from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th.

Hedge Funds Weigh In On Schrödinger

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. bought a new stake in shares of Schrödinger in the second quarter valued at about $243,000. Millennium Management LLC raised its position in Schrödinger by 2,868.8% in the 2nd quarter. Millennium Management LLC now owns 487,831 shares of the company’s stock valued at $9,435,000 after buying an additional 471,399 shares during the last quarter. Creative Planning bought a new stake in Schrödinger in the 2nd quarter valued at approximately $425,000. SG Americas Securities LLC acquired a new position in Schrödinger during the 3rd quarter worth approximately $313,000. Finally, Private Advisor Group LLC grew its stake in shares of Schrödinger by 20.5% during the 3rd quarter. Private Advisor Group LLC now owns 12,150 shares of the company’s stock worth $225,000 after acquiring an additional 2,065 shares in the last quarter. 79.05% of the stock is owned by institutional investors and hedge funds.

Schrödinger Stock Down 0.8 %

NASDAQ:SDGR opened at $25.67 on Wednesday. The company’s 50-day moving average price is $21.60 and its two-hundred day moving average price is $20.27. Schrödinger has a 12 month low of $16.67 and a 12 month high of $33.63. The firm has a market cap of $1.87 billion, a PE ratio of -10.97 and a beta of 1.61.

Schrödinger (NASDAQ:SDGR) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.12). Schrödinger had a negative return on equity of 35.77% and a negative net margin of 91.84%. The company had revenue of $35.30 million for the quarter, compared to the consensus estimate of $41.25 million. During the same period in the prior year, the company earned ($0.86) EPS. The firm’s revenue was down 17.1% compared to the same quarter last year. On average, research analysts expect that Schrödinger will post -2.37 EPS for the current fiscal year.

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.