Schrodinger, Inc. (NASDAQ:SDGR) Given Average Recommendation of “Hold” by Brokerages

Schrodinger, Inc. (NASDAQ:SDGR) has been given an average recommendation of “Hold” by the nine ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $21.1250.

SDGR has been the subject of a number of recent analyst reports. TD Cowen reiterated a “buy” rating on shares of Schrodinger in a research report on Thursday, January 8th. UBS Group cut their price objective on Schrodinger from $18.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, March 17th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Schrodinger in a report on Friday, January 9th. Wall Street Zen raised shares of Schrodinger from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Bank of America upgraded shares of Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Monday, December 15th.

Schrodinger Stock Performance

NASDAQ SDGR opened at $11.08 on Friday. Schrodinger has a 1 year low of $10.94 and a 1 year high of $27.63. The business’s fifty day moving average is $12.97 and its two-hundred day moving average is $16.83. The stock has a market capitalization of $817.93 million, a P/E ratio of -7.80 and a beta of 1.57.

Schrodinger (NASDAQ:SDGR) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.57. The business had revenue of $87.24 million during the quarter, compared to analyst estimates 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 revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted ($0.24) EPS. On average, research analysts forecast that Schrodinger will post -2.37 earnings per share for the current year.

Insiders Place Their Bets

In other Schrodinger news, CEO Ramy Farid sold 3,661 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $12.91, for a total transaction of $47,263.51. Following the sale, the chief executive officer directly owned 330,824 shares of the company’s stock, valued at $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 available through this hyperlink. In the last 90 days, insiders have sold 15,340 shares of company stock worth $200,605. Insiders own 21.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Schrodinger by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,055 shares of the company’s stock worth $653,000 after acquiring an additional 1,412 shares in the last quarter. Geode Capital Management LLC grew its stake in Schrodinger by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,362,605 shares of the company’s stock valued at $27,419,000 after acquiring an additional 18,156 shares in the last quarter. Police & Firemen s Retirement System of New Jersey grew its stake in Schrodinger by 14.5% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 13,000 shares of the company’s stock valued at $262,000 after acquiring an additional 1,644 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Schrodinger by 8.2% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,343 shares of the company’s stock valued at $289,000 after purchasing an additional 1,082 shares during the period. Finally, Creative Planning increased its holdings in shares of Schrodinger by 6.3% in the 2nd quarter. Creative Planning now owns 27,741 shares of the company’s stock valued at $558,000 after purchasing an additional 1,636 shares during the period. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Schrodinger Company Profile

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.