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

Shares of Schrodinger, Inc. (NASDAQ:SDGR) have received an average recommendation of “Hold” from the nine ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $21.75.

SDGR has been the topic of several analyst reports. KeyCorp reduced their target price on Schrodinger from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. UBS Group initiated coverage on shares of Schrodinger in a report on Wednesday, January 7th. They issued a “neutral” rating and a $18.00 target price on the stock. Bank of America upgraded shares of Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Monday, December 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Schrodinger in a research report on Friday, January 9th. Finally, Wall Street Zen raised shares of Schrodinger from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st.

Schrodinger Trading Up 0.7%

NASDAQ SDGR opened at $12.15 on Tuesday. The company has a market cap of $895.09 million, a price-to-earnings ratio of -8.56 and a beta of 1.57. The company has a 50 day moving average of $15.22 and a 200-day moving average of $17.76. Schrodinger has a 1-year low of $11.11 and a 1-year high of $27.63.

Schrodinger (NASDAQ:SDGR) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.57. The firm had revenue of $87.24 million for 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% on a year-over-year basis. During the same quarter last year, the company earned ($0.24) EPS. On average, equities research analysts forecast that Schrodinger will post -2.37 earnings per share for the current year.

Institutional Trading of Schrodinger

Several institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its position in Schrodinger by 722.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,374 shares of the company’s stock valued at $25,000 after acquiring an additional 1,207 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Schrodinger during the 4th quarter valued at approximately $26,000. Hantz Financial Services Inc. grew its holdings in shares of Schrodinger by 5,025.8% during the 4th quarter. Hantz Financial Services Inc. now owns 1,589 shares of the company’s stock valued at $28,000 after purchasing an additional 1,558 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Schrodinger during the 4th quarter worth approximately $36,000. Finally, Aster Capital Management DIFC Ltd lifted its stake in Schrodinger by 212.4% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 1,943 shares of the company’s stock valued at $39,000 after purchasing an additional 1,321 shares during the last quarter. 79.05% of the stock is currently owned by institutional investors.

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.