Schrödinger (NASDAQ:SDGR) Price Target Raised to $27.00 at KeyCorp

Schrödinger (NASDAQ:SDGR) had its price target lifted by KeyCorp from $25.00 to $27.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Separately, BMO Capital Markets boosted their price objective on shares of Schrödinger from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.10.

Schrödinger Trading Up 1.1 %

Shares of NASDAQ:SDGR opened at $24.67 on Friday. The business’s 50-day simple moving average is $20.71 and its 200 day simple moving average is $20.08. Schrödinger has a one year low of $16.67 and a one year high of $33.63.

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

Institutional Investors Weigh In On Schrödinger

A number of institutional investors have recently modified their holdings of the stock. Sei Investments Co. bought a new stake in Schrödinger in the second quarter valued at about $243,000. Ensign Peak Advisors Inc grew its position in shares of Schrödinger by 4.1% in the 2nd quarter. Ensign Peak Advisors Inc now owns 23,893 shares of the company’s stock worth $462,000 after acquiring an additional 950 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in shares of Schrödinger by 8.5% in the 2nd quarter. Public Sector Pension Investment Board now owns 121,616 shares of the company’s stock valued at $2,352,000 after acquiring an additional 9,497 shares during the last quarter. Deerfield Management Company L.P. Series C acquired a new stake in shares of Schrödinger during the 2nd quarter valued at approximately $318,000. Finally, Millennium Management LLC lifted its stake in Schrödinger by 2,868.8% during the second quarter. Millennium Management LLC now owns 487,831 shares of the company’s stock worth $9,435,000 after purchasing an additional 471,399 shares during the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

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.