Schrödinger, Inc. (NASDAQ:SDGR) Given Average Rating of “Buy” by Brokerages

Shares of Schrödinger, Inc. (NASDAQ:SDGR) have earned an average rating of “Buy” from the eight ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $33.00.

Several research firms have recently issued reports on SDGR. Piper Sandler decreased their price objective on shares of Schrödinger from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. KeyCorp increased their price target on Schrödinger from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, April 16th.

Insider Buying and Selling

In other Schrödinger news, insider Karen Akinsanya sold 16,723 shares of Schrödinger stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $25.09, for a total transaction of $419,580.07. Following the transaction, the insider now directly owns 15,625 shares in the company, valued at approximately $392,031.25. The trade was a 51.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Geoffrey Craig Porges sold 5,491 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $21.76, for a total value of $119,484.16. Following the completion of the sale, the chief financial officer now owns 27,544 shares of the company’s stock, valued at $599,357.44. The trade was a 16.62 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SDGR. Stifel Financial Corp boosted its position in Schrödinger by 12.3% during the 3rd quarter. Stifel Financial Corp now owns 27,541 shares of the company’s stock worth $511,000 after acquiring an additional 3,020 shares during the period. Barclays PLC increased its stake in Schrödinger by 421.6% in the 3rd quarter. Barclays PLC now owns 107,554 shares of the company’s stock valued at $1,995,000 after buying an additional 86,933 shares during the period. Geode Capital Management LLC lifted its position in Schrödinger by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,319,205 shares of the company’s stock worth $24,476,000 after buying an additional 24,114 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Schrödinger by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 122,702 shares of the company’s stock valued at $2,276,000 after acquiring an additional 4,403 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Schrödinger by 87.5% in the fourth quarter. GAMMA Investing LLC now owns 2,796 shares of the company’s stock worth $54,000 after acquiring an additional 1,305 shares during the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Schrödinger Stock Performance

Shares of SDGR stock opened at $25.75 on Monday. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of -11.00 and a beta of 1.77. The company’s 50-day simple moving average is $22.01 and its 200-day simple moving average is $21.02. Schrödinger has a one year low of $16.60 and a one year high of $28.47.

Schrödinger (NASDAQ:SDGR) last issued its earnings results on Wednesday, February 26th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.20). Schrödinger had a negative return on equity of 35.77% and a negative net margin of 91.84%. The business had revenue of $88.32 million during the quarter, compared to the consensus estimate of $83.20 million. As a group, research analysts forecast that Schrödinger will post -2.37 EPS for the current year.

Schrödinger Company Profile

Schrödinger, Inc, together with its subsidiaries, develops physics-based computational 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 licensing its software to transform molecular discovery for life sciences and materials science industries.