Schrodinger, Inc. (NASDAQ:SDGR) Given Average Rating of “Hold” by Analysts

Schrodinger, Inc. (NASDAQ:SDGR) has earned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $20.25.

Several brokerages have recently commented on SDGR. Wall Street Zen downgraded Schrodinger from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 9th. KeyCorp lowered their price objective on Schrodinger from $25.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Morgan Stanley lowered their price objective on Schrodinger from $19.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, May 14th. Finally, UBS Group lowered their price objective on Schrodinger from $18.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, March 17th.

Schrodinger Stock Performance

SDGR stock opened at $14.15 on Thursday. The stock’s 50 day simple moving average is $12.77 and its 200 day simple moving average is $14.31. Schrodinger has a fifty-two week low of $10.94 and a fifty-two week high of $27.63. The company has a market cap of $1.04 billion, a P/E ratio of -10.04 and a beta of 1.64.

Schrodinger (NASDAQ:SDGR) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.81) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $58.59 million for the quarter, compared to analyst estimates of $47.57 million. During the same period last year, the company posted ($0.82) earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. Equities analysts predict that Schrodinger will post -1.89 earnings per share for the current year.

Insider Activity at Schrodinger

In other news, CEO Ramy Farid sold 43,000 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was 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 $4,079,059.92. This represents a 11.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.10% of the stock is currently owned by company insiders.

Institutional Trading of Schrodinger

Institutional investors and hedge funds have recently modified their holdings of the stock. Tudor Investment Corp ET AL raised its stake in shares of Schrodinger by 2,530.6% in the third quarter. Tudor Investment Corp ET AL now owns 336,379 shares of the company’s stock worth $6,748,000 after purchasing an additional 323,592 shares during the last quarter. Citigroup Inc. increased its position in shares of Schrodinger by 122.5% during the third quarter. Citigroup Inc. now owns 155,209 shares of the company’s stock valued at $3,113,000 after acquiring an additional 85,448 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position 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 valued at $84,300,000 after acquiring an additional 160,198 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of 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 acquiring an additional 218,916 shares during the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in shares of Schrodinger during the third quarter valued at approximately $4,707,000. 79.05% of the stock is owned by hedge funds and other 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.