Schrödinger, Inc. (NASDAQ:SDGR) Receives Average Recommendation of “Moderate Buy” from Analysts

Schrödinger, Inc. (NASDAQ:SDGR) has been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $32.90.

Separately, BMO Capital Markets upped their target price on Schrödinger from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SDGR. Harbor Capital Advisors Inc. lifted its holdings in shares of Schrödinger by 5.0% in the third quarter. Harbor Capital Advisors Inc. now owns 13,059 shares of the company’s stock worth $242,000 after acquiring an additional 622 shares during the last quarter. KBC Group NV lifted its stake in Schrödinger by 45.4% in the 3rd quarter. KBC Group NV now owns 2,508 shares of the company’s stock valued at $47,000 after purchasing an additional 783 shares during the last quarter. Ensign Peak Advisors Inc boosted its position in Schrödinger by 4.1% in the second quarter. Ensign Peak Advisors Inc now owns 23,893 shares of the company’s stock valued at $462,000 after buying an additional 950 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Schrödinger by 87.5% during the fourth quarter. GAMMA Investing LLC now owns 2,796 shares of the company’s stock worth $54,000 after buying an additional 1,305 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of Schrödinger by 20.5% in the 3rd quarter. Private Advisor Group LLC now owns 12,150 shares of the company’s stock valued at $225,000 after acquiring an additional 2,065 shares during the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Schrödinger Trading Up 1.7 %

Shares of NASDAQ SDGR opened at $19.00 on Friday. Schrödinger has a 12 month low of $16.67 and a 12 month high of $33.63. The stock has a 50 day moving average of $20.49 and a 200-day moving average of $20.00.

Schrödinger (NASDAQ:SDGR) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.12). The company had revenue of $35.30 million during the quarter, compared to analyst estimates of $41.25 million. Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. Schrödinger’s revenue for the quarter was down 17.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.86) earnings per share. On average, equities analysts anticipate that Schrödinger will post -2.29 earnings per share for the current year.

Schrödinger 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.