Schrodinger (NASDAQ:SDGR) Stock Price Up 5.8% – Should You Buy?

Schrodinger, Inc. (NASDAQ:SDGR) traded up 5.8% on Tuesday . The stock traded as high as $12.43 and last traded at $12.42. 793,339 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 1,378,775 shares. The stock had previously closed at $11.74.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SDGR shares. UBS Group cut their target price on Schrodinger from $18.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, March 17th. TD Cowen reiterated a “buy” rating on shares of Schrodinger in a research report on Thursday, January 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of Schrodinger in a report on Friday, January 9th. KeyCorp cut their price objective on shares of Schrodinger from $25.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Finally, Wall Street Zen raised shares of Schrodinger from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $20.50.

Schrodinger Stock Performance

The firm has a market capitalization of $882.89 million, a P/E ratio of -8.42 and a beta of 1.62. The business has a 50 day simple moving average of $11.99 and a two-hundred day simple moving average of $15.52.

Schrodinger (NASDAQ:SDGR) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.57. Schrodinger had a negative return on equity of 29.47% and a negative net margin of 40.37%.The firm had revenue of $87.24 million during the quarter, compared to the consensus estimate of $83.66 million. During the same quarter last year, the company posted ($0.24) EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts anticipate that Schrodinger, Inc. will post -1.25 earnings per share for the current fiscal year.

Insider Transactions at Schrodinger

In other Schrodinger news, CEO Ramy Farid sold 43,000 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $12.33, for a total value of $530,190.00. Following the completion of the transaction, the chief executive officer owned 330,824 shares of the company’s stock, valued at $4,079,059.92. The trade was a 11.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 59,184 shares of company stock worth $741,556 in the last three months. Insiders own 21.00% of the company’s stock.

Institutional Trading of Schrodinger

A number of hedge funds have recently made changes to their positions in SDGR. Amalgamated Bank increased its stake in Schrodinger by 3.9% in the third quarter. Amalgamated Bank now owns 16,411 shares of the company’s stock valued at $329,000 after acquiring an additional 623 shares during the last quarter. Verity Asset Management Inc. lifted its stake in Schrodinger by 1.2% during the fourth quarter. Verity Asset Management Inc. now owns 65,722 shares of the company’s stock worth $1,175,000 after purchasing an additional 798 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Schrodinger by 6.3% in the 4th quarter. Handelsbanken Fonder AB now owns 15,200 shares of the company’s stock worth $272,000 after purchasing an additional 900 shares in the last quarter. Stephens Inc. AR increased its position in shares of Schrodinger by 9.5% during the 3rd quarter. Stephens Inc. AR now owns 10,894 shares of the company’s stock valued at $219,000 after purchasing an additional 944 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its position in shares of Schrodinger by 2.0% during the 1st quarter. Kestra Advisory Services LLC now owns 51,429 shares of the company’s stock valued at $584,000 after purchasing an additional 1,002 shares during the last quarter. 79.05% of the stock is owned by institutional investors.

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.