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

Schrödinger, Inc. (NASDAQ:SDGR) has been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $32.90.

A number of analysts have issued reports on the company. BMO Capital Markets raised their target price on Schrödinger from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Morgan Stanley lowered their price objective on shares of Schrödinger from $43.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 21st.

Insider Activity at Schrödinger

In other news, insider Margaret Dugan sold 1,531 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $17.78, for a total transaction of $27,221.18. Following the completion of the transaction, the insider now directly owns 13,469 shares of the company’s stock, valued at approximately $239,478.82. This trade represents a 10.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Schrödinger

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SDGR. Stephens Investment Management Group LLC lifted its stake in Schrödinger by 39.6% during the third quarter. Stephens Investment Management Group LLC now owns 1,539,870 shares of the company’s stock worth $28,565,000 after purchasing an additional 436,789 shares during the period. Millennium Management LLC raised its holdings in shares of Schrödinger by 2,868.8% in the 2nd quarter. Millennium Management LLC now owns 487,831 shares of the company’s stock worth $9,435,000 after buying an additional 471,399 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Schrödinger by 7.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 500,461 shares of the company’s stock worth $9,679,000 after buying an additional 35,036 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in Schrödinger by 1.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,191,054 shares of the company’s stock valued at $40,644,000 after buying an additional 29,920 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its stake in Schrödinger by 29.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 20,062 shares of the company’s stock valued at $528,000 after buying an additional 4,510 shares in the last quarter. Institutional investors own 79.05% of the company’s stock.

Schrödinger Trading Up 6.3 %

NASDAQ:SDGR opened at $20.39 on Friday. The firm has a market capitalization of $1.48 billion, a PE ratio of -8.71 and a beta of 1.50. Schrödinger has a 1 year low of $16.67 and a 1 year high of $38.00. The firm’s fifty day simple moving average is $18.63 and its 200 day simple moving average is $20.25.

Schrödinger (NASDAQ:SDGR) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.12). The business had revenue of $35.30 million during the quarter, compared to analyst estimates of $41.25 million. Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. The company’s revenue for the quarter was down 17.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.86) earnings per share. As a group, analysts anticipate that Schrödinger will post -2.29 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.