Brokerages Set Schrodinger, Inc. (NASDAQ:SDGR) Price Target at $24.33

Schrodinger, Inc. (NASDAQ:SDGR) has earned an average recommendation of “Hold” from the eleven research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $24.3333.

Several brokerages recently issued reports on SDGR. Cowen restated a “buy” rating on shares of Schrodinger in a research report on Thursday, January 8th. Wall Street Zen cut Schrodinger from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Bank of America upgraded Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Monday, December 15th. The Goldman Sachs Group initiated coverage on Schrodinger in a research report on Monday, September 29th. They set a “neutral” rating and a $19.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Schrodinger in a research note on Friday, January 9th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC boosted its holdings in shares of Schrodinger by 347.4% during the second quarter. Farther Finance Advisors LLC now owns 1,284 shares of the company’s stock worth $26,000 after purchasing an additional 997 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in Schrodinger in the 2nd quarter worth about $30,000. Aster Capital Management DIFC Ltd grew its holdings in Schrodinger by 212.4% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 1,943 shares of the company’s stock valued at $39,000 after buying an additional 1,321 shares during the period. State of Wyoming acquired a new position in shares of Schrodinger during the 2nd quarter valued at about $39,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Schrodinger by 110.4% during the 3rd quarter. SBI Securities Co. Ltd. now owns 2,127 shares of the company’s stock worth $43,000 after acquiring an additional 1,116 shares during the period. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Schrodinger Stock Down 3.9%

Shares of SDGR stock opened at $16.79 on Monday. The stock has a market cap of $1.24 billion, a P/E ratio of -6.97 and a beta of 1.54. Schrodinger has a fifty-two week low of $15.99 and a fifty-two week high of $28.47. The business has a fifty day simple moving average of $17.83 and a 200-day simple moving average of $19.40.

Schrodinger (NASDAQ:SDGR) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($0.45) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.27. The business had revenue of $54.32 million for the quarter, compared to analyst estimates of $50.51 million. Schrodinger had a negative net margin of 68.49% and a negative return on equity of 48.24%. The business’s revenue for the quarter was up 53.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.87) EPS. On average, sell-side analysts anticipate that Schrodinger will post -2.37 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.