Schrodinger, Inc. (NASDAQ:SDGR) Receives Average Recommendation of “Hold” from Analysts

Shares of Schrodinger, Inc. (NASDAQ:SDGR) have been assigned a consensus rating of “Hold” from the ten analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $24.3333.

A number of research firms have commented on SDGR. KeyCorp reduced their price target on shares of Schrodinger from $28.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of Schrodinger in a research report on Friday, January 9th. UBS Group initiated coverage on Schrodinger in a research report on Wednesday, January 7th. They issued a “neutral” rating and a $18.00 target price for the company. Bank of America raised Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Monday, December 15th. Finally, Wall Street Zen raised Schrodinger from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st.

Schrodinger Price Performance

NASDAQ SDGR opened at $13.63 on Friday. The business has a 50 day simple moving average of $16.96 and a 200 day simple moving average of $18.56. Schrodinger has a one year low of $12.81 and a one year high of $28.47. The stock has a market capitalization of $1.00 billion, a P/E ratio of -5.66 and a beta of 1.57.

Institutional Trading of Schrodinger

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Schrodinger by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,055 shares of the company’s stock worth $653,000 after buying an additional 1,412 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Schrodinger by 347.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,284 shares of the company’s stock worth $26,000 after acquiring an additional 997 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Schrodinger by 17.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 205,319 shares of the company’s stock valued at $4,131,000 after acquiring an additional 30,948 shares in the last quarter. Bayforest Capital Ltd acquired a new position in Schrodinger during the 2nd quarter valued at about $30,000. Finally, Stephens Inc. AR acquired a new position in Schrodinger during the 2nd quarter valued at about $200,000. Institutional investors own 79.05% of the company’s stock.

Schrodinger Company Profile

Schrödinger, Inc is a life sciences and materials discovery company that specializes in the application of physics-based computational platforms to accelerate drug discovery and advanced materials design. Founded in 1990 by Professor Richard A. Friesner, Schrödinger has developed a suite of proprietary software tools—such as Maestro for molecular modeling, Glide for molecular docking and Jaguar for quantum chemistry calculations—that enable scientists to predict molecular behavior with high accuracy.