Leerink Partnrs Decreases Earnings Estimates for Schrödinger

Schrödinger, Inc. (NASDAQ:SDGR - Free Report) - Research analysts at Leerink Partnrs dropped their FY2024 earnings per share (EPS) estimates for shares of Schrödinger in a research note issued to investors on Tuesday, November 12th. Leerink Partnrs analyst M. Foroohar now expects that the company will post earnings per share of ($1.99) for the year, down from their prior forecast of ($1.78). The consensus estimate for Schrödinger's current full-year earnings is ($2.19) per share. Leerink Partnrs also issued estimates for Schrödinger's Q4 2024 earnings at $0.03 EPS, FY2025 earnings at ($2.10) EPS, FY2026 earnings at ($2.44) EPS, FY2027 earnings at ($2.60) EPS and FY2028 earnings at ($0.89) EPS.

SDGR has been the topic of a number of other reports. Morgan Stanley decreased their price objective on Schrödinger from $43.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 21st. BMO Capital Markets increased their price objective on Schrödinger from $25.00 to $28.00 and gave the company an "outperform" rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.90.

Schrödinger Stock Down 9.0 %

SDGR stock traded down $1.83 during midday trading on Friday, reaching $18.54. 1,220,647 shares of the company's stock traded hands, compared to its average volume of 760,383. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -8.71 and a beta of 1.50. The company has a 50-day simple moving average of $18.76 and a two-hundred day simple moving average of $20.42. Schrödinger has a 1-year low of $16.67 and a 1-year high of $38.00.

Schrödinger (NASDAQ:SDGR - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.52) earnings per share 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 business had revenue of $35.30 million for the quarter, compared to analyst estimates of $41.25 million. During the same period in the prior year, the business earned ($0.86) earnings per share. The company's revenue for the quarter was down 17.1% on a year-over-year basis.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC lifted its holdings in Schrödinger by 145.3% during the second quarter. Nisa Investment Advisors LLC now owns 1,413 shares of the company's stock worth $27,000 after acquiring an additional 837 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Schrödinger by 49.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,124 shares of the company's stock valued at $41,000 after purchasing an additional 703 shares during the period. KBC Group NV raised its stake in shares of 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 period. Quarry LP raised its stake in shares of Schrödinger by 1,150.0% in the 3rd quarter. Quarry LP now owns 2,825 shares of the company's stock valued at $52,000 after purchasing an additional 2,599 shares during the period. Finally, nVerses Capital LLC acquired a new stake in shares of Schrödinger in the 2nd quarter valued at about $66,000. 79.05% of the stock is currently owned by institutional investors.

Insider Transactions at Schrödinger

In other Schrödinger news, insider Margaret Dugan sold 1,531 shares of Schrödinger stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $17.78, for a total transaction of $27,221.18. Following the transaction, the insider now directly owns 13,469 shares in the company, valued at approximately $239,478.82. The trade was a 10.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 8.60% of the stock is owned by corporate insiders.

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.