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

Schrodinger, Inc. (NASDAQ:SDGR) has been assigned a consensus rating of “Hold” from the nine analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $21.1250.

SDGR has been the subject of several recent research reports. Wall Street Zen upgraded Schrodinger from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Schrodinger in a research report on Friday, January 9th. UBS Group cut their price target 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 report on Thursday, January 8th. Finally, Bank of America raised Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Monday, December 15th.

Insider Transactions at Schrodinger

In other Schrodinger news, CEO Ramy Farid sold 3,661 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $12.91, for a total value of $47,263.51. Following the completion of the sale, the chief executive officer directly owned 330,824 shares of the company’s stock, valued at $4,270,937.84. The trade was a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 15,340 shares of company stock valued at $200,605 in the last ninety days. 21.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Schrodinger

A number of large investors have recently bought and sold shares of SDGR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Schrodinger by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,055 shares of the company’s stock worth $653,000 after buying an additional 1,412 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Schrodinger by 1.4% in the second quarter. Geode Capital Management LLC now owns 1,362,605 shares of the company’s stock worth $27,419,000 after buying an additional 18,156 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its position in shares of Schrodinger by 14.5% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 13,000 shares of the company’s stock worth $262,000 after buying an additional 1,644 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Schrodinger by 8.2% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,343 shares of the company’s stock valued at $289,000 after acquiring an additional 1,082 shares during the last quarter. Finally, Creative Planning increased its holdings in shares of Schrodinger by 6.3% during the 2nd quarter. Creative Planning now owns 27,741 shares of the company’s stock valued at $558,000 after acquiring an additional 1,636 shares during the last quarter. 79.05% of the stock is currently owned by institutional investors.

Schrodinger Stock Performance

Schrodinger stock opened at $11.08 on Friday. Schrodinger has a twelve month low of $10.94 and a twelve month high of $27.63. The firm has a market cap of $817.93 million, a PE ratio of -7.80 and a beta of 1.57. The firm’s 50 day moving average price is $12.97 and its two-hundred day moving average price is $16.83.

Schrodinger (NASDAQ:SDGR) last issued its 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 net margin of 40.37% and a negative return on equity of 29.47%. The company had revenue of $87.24 million during the quarter, compared to analyst estimates of $83.66 million. During the same quarter last year, the business posted ($0.24) EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities analysts anticipate that Schrodinger will post -2.37 EPS for the current fiscal 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.