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

Shares of Schrodinger, Inc. (NASDAQ:SDGR) have been assigned a consensus recommendation of “Hold” from the nine analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $20.25.

Several equities research analysts recently issued reports on SDGR shares. KeyCorp reduced their price objective on shares of Schrodinger from $25.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Weiss Ratings upgraded shares of Schrodinger from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 29th. Wall Street Zen cut Schrodinger from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 9th. Finally, Morgan Stanley dropped their price target on shares of Schrodinger from $19.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, May 14th.

Institutional Trading of Schrodinger

Several institutional investors and hedge funds have recently bought and sold shares of SDGR. Rubric Capital Management LP grew its stake in shares of Schrodinger by 43.8% in the 1st quarter. Rubric Capital Management LP now owns 6,000,000 shares of the company’s stock valued at $68,160,000 after purchasing an additional 1,828,502 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Schrodinger by 3.5% during 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 during the last quarter. UBS Group AG grew its stake in shares of Schrodinger by 51.3% during the 4th 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. 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 in the last quarter. Finally, Tudor Investment Corp ET AL raised its stake in shares of Schrodinger by 2,530.6% in the 3rd quarter. Tudor Investment Corp ET AL now owns 336,379 shares of the company’s stock valued at $6,748,000 after acquiring an additional 323,592 shares during the period. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Schrodinger Price Performance

Shares of SDGR opened at $15.65 on Friday. The company has a 50-day moving average of $15.49 and a two-hundred day moving average of $13.70. Schrodinger has a one year low of $10.94 and a one year high of $23.02. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -11.10 and a beta of 1.63.

Schrodinger (NASDAQ:SDGR) last announced 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). The firm had revenue of $58.59 million for the quarter, compared to analyst estimates of $47.57 million. Schrodinger had a negative net margin of 40.61% and a negative return on equity of 30.85%. Schrodinger’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.82) earnings per share. Analysts anticipate that Schrodinger will post -1.89 earnings per share for the current year.

About Schrodinger

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.