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

Shares of Schrodinger, Inc. (NASDAQ:SDGR) have earned a consensus rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $20.25.

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

Schrodinger Price Performance

Shares of Schrodinger stock opened at $16.88 on Monday. Schrodinger has a 12-month low of $10.94 and a 12-month high of $23.75. The stock has a 50 day moving average price of $14.10 and a two-hundred day moving average price of $14.09. The stock has a market capitalization of $1.25 billion, a P/E ratio of -11.97 and a beta of 1.62.

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

Insider Activity at Schrodinger

In related news, CEO Ramy Farid sold 43,000 shares of the business’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $12.33, for a total transaction of $530,190.00. Following the completion of the transaction, the chief executive officer owned 330,824 shares of the company’s stock, valued at approximately $4,079,059.92. The trade was a 11.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 10.10% of the company’s stock.

Institutional Trading of Schrodinger

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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. Cetera Investment Advisers grew its stake in shares of Schrodinger by 75.2% in the second quarter. Cetera Investment Advisers now owns 29,973 shares of the company’s stock worth $603,000 after acquiring an additional 12,868 shares during the last quarter. Norges Bank acquired a new stake in shares of Schrodinger in the second quarter worth $311,000. Invesco Ltd. increased its position in Schrodinger by 15.6% during the second quarter. Invesco Ltd. now owns 155,895 shares of the company’s stock worth $3,137,000 after acquiring an additional 21,039 shares during the period. Finally, First Trust Advisors LP bought a new position in Schrodinger during the second quarter worth $1,227,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

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.