Schrödinger, Inc. (NASDAQ:SDGR) Receives $32.90 Average Price Target from Analysts

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

Separately, BMO Capital Markets upped their price target on shares of Schrödinger from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th.

Schrödinger Trading Up 0.9 %

NASDAQ:SDGR opened at $19.47 on Friday. The business’s 50-day moving average is $20.46 and its 200 day moving average is $20.02. Schrödinger has a 12 month low of $16.67 and a 12 month high of $33.63. The company has a market capitalization of $1.42 billion, a P/E ratio of -8.32 and a beta of 1.59.

Schrödinger (NASDAQ:SDGR) last issued its quarterly earnings data 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 firm had revenue of $35.30 million for the quarter, compared to analysts’ expectations of $41.25 million. Schrödinger had a negative return on equity of 35.77% and a negative net margin of 91.84%. The firm’s revenue was down 17.1% on a year-over-year basis. During the same period last year, the company earned ($0.86) earnings per share. On average, research analysts forecast that Schrödinger will post -2.29 earnings per share for the current year.

Institutional Trading of Schrödinger

Several institutional investors have recently added to or reduced their stakes in SDGR. KBC Group NV grew its stake in shares of Schrödinger by 45.4% during the third quarter. KBC Group NV now owns 2,508 shares of the company’s stock valued at $47,000 after buying an additional 783 shares during the last quarter. Quarry LP grew its position in Schrödinger by 1,150.0% in the 3rd quarter. Quarry LP now owns 2,825 shares of the company’s stock valued at $52,000 after acquiring an additional 2,599 shares during the last quarter. GAMMA Investing LLC grew its position in Schrödinger by 87.5% in the 4th quarter. GAMMA Investing LLC now owns 2,796 shares of the company’s stock valued at $54,000 after acquiring an additional 1,305 shares during the last quarter. Quest Partners LLC increased its stake in Schrödinger by 1,005.6% in the second quarter. Quest Partners LLC now owns 4,555 shares of the company’s stock worth $88,000 after purchasing an additional 4,143 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Schrödinger during the third quarter worth $102,000. Institutional investors own 79.05% of the company’s stock.

About Schrödinger

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.