Schrödinger, Inc. (NASDAQ:SDGR – Get Rating) has earned a consensus rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $68.50.
A number of brokerages recently commented on SDGR. Citigroup began coverage on shares of Schrödinger in a research report on Monday, February 28th. They issued a “buy” rating and a $55.00 target price on the stock. Piper Sandler decreased their target price on shares of Schrödinger from $87.00 to $84.00 in a research report on Friday, February 25th.
Several hedge funds have recently added to or reduced their stakes in the business. Connective Portfolio Management LLC purchased a new position in shares of Schrödinger in the first quarter valued at about $687,000. Aurora Investment Managers LLC. increased its position in shares of Schrödinger by 17.3% during the first quarter. Aurora Investment Managers LLC. now owns 120,821 shares of the company’s stock valued at $4,122,000 after buying an additional 17,778 shares during the period. Norges Bank purchased a new position in shares of Schrödinger during the fourth quarter valued at about $14,219,000. Walleye Capital LLC increased its position in shares of Schrödinger by 214.8% during the fourth quarter. Walleye Capital LLC now owns 51,624 shares of the company’s stock valued at $1,798,000 after buying an additional 35,225 shares during the period. Finally, BlackRock Inc. increased its position in shares of Schrödinger by 5.4% during the fourth quarter. BlackRock Inc. now owns 3,123,673 shares of the company’s stock valued at $108,796,000 after buying an additional 160,541 shares during the period. Hedge funds and other institutional investors own 60.20% of the company’s stock.
Schrödinger (NASDAQ:SDGR – Get Rating) last posted its quarterly earnings data on Thursday, February 24th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.05). Schrödinger had a negative return on equity of 16.91% and a negative net margin of 72.79%. The company had revenue of $46.17 million for the quarter, compared to the consensus estimate of $36.83 million. As a group, sell-side analysts predict that Schrödinger will post -1.94 earnings per share for the current fiscal year.
About Schrödinger (Get Rating)
SchrÃ¶dinger, Inc, together with its subsidiaries, provides physics-based software platform that enables discovery of novel molecules for drug development and materials applications. The company operates in two segments, Software and Drug Discovery. The Software segment is focused on selling its software for drug discovery in the life sciences industry, as well as to customers in materials science industries.
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