Schrödinger, Inc. (NASDAQ:SDGR) Receives $32.29 Consensus Price Target from Analysts

Schrödinger, Inc. (NASDAQ:SDGR) has been assigned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $32.29.

Several equities analysts have commented on the stock. KeyCorp upped their price objective on shares of Schrödinger from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Piper Sandler decreased their price target on shares of Schrödinger from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th.

Insider Buying and Selling at Schrödinger

In other Schrödinger news, CFO Geoffrey Craig Porges sold 5,491 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $21.76, for a total transaction of $119,484.16. Following the transaction, the chief financial officer now owns 27,544 shares in the company, valued at $599,357.44. This trade represents a 16.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 Hong Kong Ltd bought a new position in Schrödinger in the 4th quarter valued at about $27,000. Paradigm Asset Management Co. LLC bought a new position in Schrödinger in the fourth quarter valued at approximately $50,000. Quarry LP raised its position in Schrödinger by 1,150.0% during the third quarter. Quarry LP now owns 2,825 shares of the company’s stock valued at $52,000 after purchasing an additional 2,599 shares in the last quarter. GAMMA Investing LLC lifted its stake in Schrödinger by 87.5% during the fourth quarter. GAMMA Investing LLC now owns 2,796 shares of the company’s stock worth $54,000 after purchasing an additional 1,305 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Schrödinger by 73.9% in the 4th quarter. KBC Group NV now owns 4,361 shares of the company’s stock valued at $84,000 after purchasing an additional 1,853 shares in the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Schrödinger Price Performance

Shares of SDGR opened at $19.96 on Thursday. The firm has a 50-day moving average of $23.11 and a 200-day moving average of $20.79. The company has a market cap of $1.46 billion, a PE ratio of -8.53 and a beta of 1.62. Schrödinger has a one year low of $16.67 and a one year high of $29.15.

Schrödinger (NASDAQ:SDGR) last announced its quarterly earnings results on Wednesday, February 26th. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.20). Schrödinger had a negative return on equity of 35.77% and a negative net margin of 91.84%. The business had revenue of $88.32 million for the quarter, compared to analyst estimates of $83.20 million. Analysts expect that Schrödinger will post -2.37 earnings per share for the current 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.