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

Shares of Schrodinger, Inc. (NASDAQ:SDGR) have earned an average rating of “Hold” from the ten analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $24.3333.

Several research analysts have recently weighed in on SDGR shares. Wall Street Zen upgraded Schrodinger from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Schrodinger in a report on Friday, January 9th. UBS Group assumed coverage on shares of Schrodinger in a research note on Wednesday, January 7th. They issued a “neutral” rating and a $18.00 price target for the company. TD Cowen restated a “buy” rating on shares of Schrodinger in a research report on Thursday, January 8th. Finally, KeyCorp dropped their target price on shares of Schrodinger from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th.

Institutional Trading of Schrodinger

Hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its holdings in shares of Schrodinger by 347.4% in the second quarter. Farther Finance Advisors LLC now owns 1,284 shares of the company’s stock worth $26,000 after purchasing an additional 997 shares during the last quarter. Bayforest Capital Ltd purchased a new stake in Schrodinger in the 2nd quarter valued at about $30,000. State of Wyoming bought a new position in Schrodinger in the 2nd quarter worth about $39,000. Aster Capital Management DIFC Ltd increased its position in shares of Schrodinger by 212.4% during the third quarter. Aster Capital Management DIFC Ltd now owns 1,943 shares of the company’s stock worth $39,000 after acquiring an additional 1,321 shares during the period. Finally, SBI Securities Co. Ltd. raised its stake in shares of Schrodinger by 110.4% during the third quarter. SBI Securities Co. Ltd. now owns 2,127 shares of the company’s stock valued at $43,000 after acquiring an additional 1,116 shares in the last quarter. Institutional investors own 79.05% of the company’s stock.

Schrodinger Trading Down 3.1%

NASDAQ SDGR opened at $12.94 on Friday. Schrodinger has a 1-year low of $12.89 and a 1-year high of $28.47. The stock has a 50-day moving average of $17.18 and a 200-day moving average of $18.81. The firm has a market cap of $953.29 million, a PE ratio of -5.37 and a beta of 1.57.

Schrodinger (NASDAQ:SDGR) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.45) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.27. The firm had revenue of $54.32 million during the quarter, compared to the consensus estimate of $50.51 million. Schrodinger had a negative net margin of 68.49% and a negative return on equity of 48.24%. The company’s quarterly revenue was up 53.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.87) earnings per share. As a group, equities research analysts forecast that Schrodinger will post -2.37 earnings per share for the current fiscal year.

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.