Brokerages Set Schrodinger, Inc. (NASDAQ:SDGR) PT at $20.25

Schrodinger, Inc. (NASDAQ:SDGR) has been assigned a consensus rating of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $20.25.

A number of equities research analysts have recently weighed in on the company. KeyCorp cut their price objective on Schrodinger from $25.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Morgan Stanley decreased their target price on Schrodinger from $19.00 to $17.00 and set an “equal weight” rating for the company in a report on Thursday, May 14th. Wall Street Zen lowered Schrodinger from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 9th. Finally, UBS Group cut their price target on shares of Schrodinger from $18.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, March 17th.

Schrodinger Stock Performance

SDGR stock opened at $16.49 on Monday. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -11.70 and a beta of 1.62. The firm’s 50-day moving average price is $14.57 and its two-hundred day moving average price is $14.05. Schrodinger has a 12-month low of $10.94 and a 12-month high of $23.75.

Schrodinger (NASDAQ:SDGR) last posted its earnings results on Tuesday, May 5th. The company reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($0.25). Schrodinger had a negative return on equity of 30.85% and a negative net margin of 40.61%.The business had revenue of $58.59 million during the quarter, compared to the consensus estimate of $47.57 million. During the same period in the previous year, the business earned ($0.82) earnings per share. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities analysts predict that Schrodinger will post -1.89 EPS for the current year.

Insider Activity at Schrodinger

In other news, CEO Ramy Farid sold 43,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer directly owned 330,824 shares of the company’s stock, valued at approximately $4,079,059.92. This trade represents a 11.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 10.10% of the company’s stock.

Hedge Funds Weigh In On Schrodinger

A number of institutional investors have recently bought and sold shares of SDGR. Tudor Investment Corp ET AL boosted its position in shares of Schrodinger by 2,530.6% during the third quarter. Tudor Investment Corp ET AL now owns 336,379 shares of the company’s stock valued at $6,748,000 after purchasing an additional 323,592 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Schrodinger by 3.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,714,767 shares of the company’s stock worth $84,300,000 after purchasing an additional 160,198 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Schrodinger by 10.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,291,349 shares of the company’s stock valued at $40,969,000 after buying an additional 218,916 shares during the period. UBS Group AG lifted its position in Schrodinger by 51.3% during the fourth quarter. UBS Group AG now owns 1,442,799 shares of the company’s stock valued at $25,797,000 after buying an additional 489,059 shares during the period. Finally, Wesbanco Bank Inc. bought a new stake in shares of Schrodinger during the 4th quarter valued at $839,000. 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.