Schrödinger, Inc. (NASDAQ:SDGR) Receives $43.50 Average Price Target from Analysts

Schrödinger, Inc. (NASDAQ:SDGR) has been given a consensus recommendation of “Moderate Buy” by the nine research firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $43.50.

Several research firms have commented on SDGR. Citigroup cut their price objective on Schrödinger from $47.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, February 29th. The Goldman Sachs Group dropped their target price on Schrödinger from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, March 1st. Bank of America dropped their target price on Schrödinger from $38.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. TD Cowen assumed coverage on Schrödinger in a research report on Friday, January 26th. They set an “outperform” rating and a $42.00 target price on the stock. Finally, Craig Hallum dropped their target price on Schrödinger from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, January 19th.

Schrödinger Trading Down 3.4 %

Shares of Schrödinger stock opened at $25.54 on Thursday. Schrödinger has a twelve month low of $20.76 and a twelve month high of $59.24. The stock has a market capitalization of $1.85 billion, a P/E ratio of 40.54 and a beta of 1.57. The business’s fifty day moving average price is $27.45 and its 200 day moving average price is $28.47.

Schrödinger (NASDAQ:SDGR) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.12. Schrödinger had a negative return on equity of 23.58% and a net margin of 18.79%. The company had revenue of $74.10 million for the quarter, compared to analyst estimates of $79.12 million. During the same period last year, the company posted ($0.39) earnings per share. The firm’s revenue was up 30.5% compared to the same quarter last year. As a group, sell-side analysts predict that Schrödinger will post -2.73 EPS for the current year.

Insider Activity at Schrödinger

In related news, COO Kenneth Patrick Lorton sold 901 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $28.29, for a total value of $25,489.29. Following the completion of the sale, the chief operating officer now directly owns 36,487 shares of the company’s stock, valued at $1,032,217.23. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Schrödinger news, insider Robert Lorne Abel sold 1,205 shares of Schrödinger stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $27.55, for a total value of $33,197.75. Following the completion of the transaction, the insider now directly owns 9,340 shares in the company, valued at $257,317. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Kenneth Patrick Lorton sold 901 shares of Schrödinger stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $28.29, for a total value of $25,489.29. Following the completion of the transaction, the chief operating officer now owns 36,487 shares of the company’s stock, valued at $1,032,217.23. The disclosure for this sale can be found here. Insiders sold a total of 3,651 shares of company stock valued at $102,395 over the last three months. 7.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Schrödinger

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. TrueMark Investments LLC boosted its stake in Schrödinger by 13.5% in the first quarter. TrueMark Investments LLC now owns 46,572 shares of the company’s stock valued at $1,257,000 after acquiring an additional 5,551 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Schrödinger by 186.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,127 shares of the company’s stock worth $76,000 after buying an additional 1,385 shares during the period. Vanguard Group Inc. boosted its position in shares of Schrödinger by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 6,776,631 shares of the company’s stock worth $242,603,000 after buying an additional 77,830 shares during the period. Greenwood Capital Associates LLC boosted its position in shares of Schrödinger by 26.4% during the fourth quarter. Greenwood Capital Associates LLC now owns 24,492 shares of the company’s stock worth $877,000 after buying an additional 5,118 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Schrödinger by 48.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 410,920 shares of the company’s stock worth $14,711,000 after buying an additional 134,252 shares during the period. 79.05% of the stock is currently owned by institutional investors and hedge funds.

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.