UBS Group Has Lowered Expectations for Schrodinger (NASDAQ:SDGR) Stock Price

Schrodinger (NASDAQ:SDGR) had its price objective lowered by analysts at UBS Group from $18.00 to $13.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential upside of 8.51% from the stock’s previous close.

A number of other brokerages also recently issued reports on SDGR. TD Cowen reiterated a “buy” rating on shares of Schrodinger in a research note on Thursday, January 8th. KeyCorp dropped their target price on shares of Schrodinger from $28.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Bank of America raised shares of Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a report on Monday, December 15th. Wall Street Zen upgraded shares of Schrodinger from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Schrodinger in a research note on Friday, January 9th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Schrodinger currently has an average rating of “Hold” and a consensus price target of $21.13.

Schrodinger Price Performance

Shares of NASDAQ:SDGR opened at $11.98 on Tuesday. The business’s 50 day simple moving average is $13.86 and its 200 day simple moving average is $17.18. Schrodinger has a 1 year low of $11.11 and a 1 year high of $27.63. The company has a market capitalization of $884.36 million, a P/E ratio of -8.44 and a beta of 1.57.

Schrodinger (NASDAQ:SDGR) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.57. The firm had revenue of $87.24 million during the quarter, compared to analysts’ expectations of $83.66 million. Schrodinger had a negative return on equity of 29.47% and a negative net margin of 40.37%.The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.24) EPS. On average, sell-side analysts anticipate that Schrodinger will post -2.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Ramy Farid sold 3,661 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $12.91, for a total value of $47,263.51. Following the transaction, the chief executive officer owned 330,824 shares in the company, valued at approximately $4,270,937.84. The trade was a 1.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 15,340 shares of company stock valued at $200,605 in the last three months. Corporate insiders own 21.00% of the company’s stock.

Hedge Funds Weigh In On Schrodinger

A number of large investors have recently modified their holdings of SDGR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Schrodinger by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,055 shares of the company’s stock valued at $653,000 after purchasing an additional 1,412 shares during the last quarter. Bank of Montreal Can increased its position in Schrodinger by 5.8% in the second quarter. Bank of Montreal Can now owns 15,941 shares of the company’s stock worth $321,000 after buying an additional 879 shares during the last quarter. Geode Capital Management LLC increased its position in Schrodinger by 1.4% in the second quarter. Geode Capital Management LLC now owns 1,362,605 shares of the company’s stock worth $27,419,000 after buying an additional 18,156 shares during the last quarter. Police & Firemen s Retirement System of New Jersey raised its stake in shares of Schrodinger by 14.5% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 13,000 shares of the company’s stock valued at $262,000 after buying an additional 1,644 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Schrodinger by 8.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,343 shares of the company’s stock valued at $289,000 after buying an additional 1,082 shares during the period. 79.05% of the stock is currently owned by institutional investors.

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.