Analysts Set Schrödinger, Inc. (NASDAQ:SDGR) Price Target at $32.80

Shares of Schrödinger, Inc. (NASDAQ:SDGR) have earned a consensus rating of “Buy” from the six research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $32.80.

Several brokerages have recently commented on SDGR. Piper Sandler reduced their target price on Schrödinger from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. KeyCorp upped their target price on Schrödinger from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, April 16th.

Insider Activity at Schrödinger

In related news, CFO Geoffrey Craig Porges sold 5,491 shares of the company’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 directly owns 27,544 shares of the company’s stock, valued at approximately $599,357.44. The trade was a 16.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Karen Akinsanya sold 16,723 shares of the company’s stock in a transaction on Monday, April 14th. The shares were sold at an average price of $25.09, for a total value of $419,580.07. Following the transaction, the insider now directly owns 15,625 shares in the company, valued at $392,031.25. The trade was a 51.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SDGR. Sumitomo Mitsui Trust Group Inc. increased its position in Schrödinger by 60.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,510,518 shares of the company’s stock worth $67,718,000 after purchasing an additional 1,319,464 shares during the last quarter. Nikko Asset Management Americas Inc. increased its position in Schrödinger by 108.7% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 2,464,911 shares of the company’s stock worth $47,499,000 after purchasing an additional 1,283,949 shares during the last quarter. American Century Companies Inc. acquired a new position in Schrödinger in the 1st quarter worth about $19,787,000. Stephens Investment Management Group LLC increased its position in Schrödinger by 22.5% in the 1st quarter. Stephens Investment Management Group LLC now owns 1,969,941 shares of the company’s stock worth $38,887,000 after purchasing an additional 362,285 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Schrödinger by 17.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,279,313 shares of the company’s stock worth $43,968,000 after purchasing an additional 334,131 shares during the last quarter. 79.05% of the stock is owned by institutional investors and hedge funds.

Schrödinger Stock Performance

SDGR opened at $23.58 on Friday. Schrödinger has a one year low of $16.60 and a one year high of $28.47. The stock’s fifty day moving average is $22.89 and its 200-day moving average is $22.02. The company has a market capitalization of $1.72 billion, a PE ratio of -10.08 and a beta of 1.84.

Schrödinger (NASDAQ:SDGR) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.82) EPS for the quarter, missing analysts’ consensus estimates of ($0.81) by ($0.01). Schrödinger had a negative return on equity of 35.77% and a negative net margin of 91.84%. The firm had revenue of $59.55 million during the quarter, compared to the consensus estimate of $54.60 million. During the same period in the prior year, the firm posted ($0.86) EPS. The firm’s quarterly revenue was up 62.7% on a year-over-year basis. On average, equities research analysts forecast 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.