Weiss Ratings restated their sell (e+) rating on shares of Schrodinger (NASDAQ:SDGR – Free Report) in a research report released on Tuesday,Weiss Ratings reports.
Other equities analysts have also issued reports about the company. The Goldman Sachs Group began coverage on Schrodinger in a research report on Monday, September 29th. They set a “neutral” rating and a $19.00 price objective on the stock. Wall Street Zen lowered Schrodinger from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Citigroup lowered Schrodinger from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $35.00 to $20.00 in a research report on Friday, August 15th. Barclays began coverage on Schrodinger in a research report on Thursday, August 14th. They set an “overweight” rating and a $25.00 price objective on the stock. Finally, Morgan Stanley reduced their price objective on Schrodinger from $28.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $26.29.
Check Out Our Latest Report on Schrodinger
Schrodinger Stock Performance
Schrodinger (NASDAQ:SDGR – Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported ($0.59) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.83) by $0.24. The business had revenue of $54.76 million for the quarter, compared to analyst estimates of $52.03 million. Schrodinger had a negative return on equity of 45.70% and a negative net margin of 76.22%.The company’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.66) EPS. On average, research analysts forecast that Schrodinger will post -2.37 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Schrodinger
Several institutional investors and hedge funds have recently bought and sold shares of SDGR. State of Wyoming purchased a new stake in Schrodinger in the 2nd quarter worth approximately $39,000. Geneos Wealth Management Inc. lifted its holdings in Schrodinger by 18.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 100,329 shares of the company’s stock worth $2,019,000 after buying an additional 15,386 shares during the period. Nikko Asset Management Americas Inc. lifted its holdings in Schrodinger by 7.2% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 2,591,492 shares of the company’s stock worth $52,089,000 after buying an additional 174,684 shares during the period. Public Sector Pension Investment Board lifted its holdings in Schrodinger by 8.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 190,431 shares of the company’s stock worth $3,831,000 after buying an additional 14,671 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in Schrodinger by 59.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 14,380 shares of the company’s stock worth $289,000 after buying an additional 5,364 shares during the period. 79.05% of the stock is currently owned by institutional investors.
Schrodinger 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.
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