Schrodinger, Inc. (NASDAQ:SDGR) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of Schrodinger, Inc. (NASDAQ:SDGR) have been given an average rating of “Moderate Buy” by the eight brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $25.83.

SDGR has been the topic of several recent research reports. UBS Group upped their price objective on Schrodinger from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Tuesday. Zacks Research raised shares of Schrodinger from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. KeyCorp lifted their target price on shares of Schrodinger from $20.00 to $32.00 and gave the company an “overweight” rating in a report on Friday. BMO Capital Markets increased their price target on shares of Schrodinger from $24.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, October 12th. Finally, Wall Street Zen raised shares of Schrodinger from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 8th.

Insider Buying and Selling at Schrodinger

In related news, insider Karen Akinsanya sold 31,599 shares of the company’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $29.37, for a total value of $928,062.63. Following the completion of the transaction, the insider owned 69,956 shares of the company’s stock, valued at approximately $2,054,607.72. This represents a 31.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Schrodinger

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Schrodinger during the second quarter worth approximately $170,978,000. Rubric Capital Management LP raised its stake in Schrodinger by 43.8% during the first quarter. Rubric Capital Management LP now owns 6,000,000 shares of the company’s stock worth $68,160,000 after purchasing an additional 1,828,502 shares during the period. Amova Asset Management Americas Inc. grew its stake in shares of Schrodinger by 13.2% in the 1st quarter. Amova Asset Management Americas Inc. now owns 3,190,837 shares of the company’s stock valued at $36,248,000 after buying an additional 371,167 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Schrodinger in the 2nd quarter valued at approximately $4,986,000. Finally, Tejara Capital Ltd purchased a new stake in Schrodinger in the second quarter valued at $4,553,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Schrodinger Price Performance

NASDAQ SDGR opened at $23.40 on Wednesday. The company has a market capitalization of $1.73 billion, a PE ratio of -31.62 and a beta of 1.62. The company has a fifty day moving average of $23.75 and a 200 day moving average of $17.65. Schrodinger has a 1 year low of $10.94 and a 1 year high of $33.78.

Schrodinger (NASDAQ:SDGR) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.41) by $0.49. The company had revenue of $58.89 million for the quarter, compared to analyst estimates of $47.19 million. Schrodinger had a negative net margin of 20.98% and a negative return on equity of 16.37%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.65) earnings per share. Research analysts expect that Schrodinger will post -1.50 earnings per share for the current year.

Schrodinger Company Profile

Schrödinger, Inc is a technology company that develops computational software for pharmaceutical and materials research. Its platform uses physics-based modeling, machine learning and other computational methods to help scientists design and optimize molecules, evaluate potential drug candidates and investigate material properties.

The company’s software offerings include molecular modeling, simulation, predictive modeling and collaborative research tools, such as Maestro, Desmond, Jaguar, FEP+ and LiveDesign.