Leerink Partnrs Comments on Schrödinger FY2029 Earnings

Schrödinger, Inc. (NASDAQ:SDGR - Free Report) - Equities researchers at Leerink Partnrs issued their FY2029 earnings per share (EPS) estimates for Schrödinger in a note issued to investors on Wednesday, February 26th. Leerink Partnrs analyst M. Foroohar forecasts that the company will earn ($0.97) per share for the year. The consensus estimate for Schrödinger's current full-year earnings is ($2.37) per share.

Several other research analysts have also commented on SDGR. KeyCorp raised their price target on Schrödinger from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Piper Sandler cut their price target on shares of Schrödinger from $50.00 to $45.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. Finally, BMO Capital Markets increased their price target on shares of Schrödinger from $25.00 to $28.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $32.29.

Schrödinger Trading Down 3.9 %

NASDAQ SDGR traded down $0.85 during trading hours on Monday, reaching $21.00. The company had a trading volume of 308,015 shares, compared to its average volume of 1,005,783. The stock has a market capitalization of $1.53 billion, a P/E ratio of -8.95 and a beta of 1.62. The stock has a 50-day moving average of $22.44 and a 200 day moving average of $20.63. Schrödinger has a 1-year low of $16.67 and a 1-year high of $29.15.

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Schrödinger (NASDAQ:SDGR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.20). The business had revenue of $88.32 million during the quarter, compared to analyst estimates of $83.20 million. Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%.

Insider Activity

In other news, CFO Geoffrey Craig Porges sold 5,491 shares of Schrödinger stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $21.76, for a total transaction of $119,484.16. Following the completion of the sale, the chief financial officer now directly owns 27,544 shares of the company's stock, valued at approximately $599,357.44. The trade was a 16.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.60% of the company's stock.

Hedge Funds Weigh In On Schrödinger

Several large investors have recently bought and sold shares of the business. Private Advisor Group LLC boosted its position in shares of Schrödinger by 20.5% during the 3rd quarter. Private Advisor Group LLC now owns 12,150 shares of the company's stock worth $225,000 after acquiring an additional 2,065 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Schrödinger by 5.0% during the third quarter. Harbor Capital Advisors Inc. now owns 13,059 shares of the company's stock worth $242,000 after purchasing an additional 622 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Schrödinger by 1.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,191,054 shares of the company's stock valued at $40,644,000 after purchasing an additional 29,920 shares in the last quarter. Pier 88 Investment Partners LLC increased its stake in Schrödinger by 83.6% in the third quarter. Pier 88 Investment Partners LLC now owns 77,130 shares of the company's stock valued at $1,431,000 after purchasing an additional 35,120 shares during the last quarter. Finally, KBC Group NV raised its holdings in Schrödinger by 45.4% during the third quarter. KBC Group NV now owns 2,508 shares of the company's stock worth $47,000 after purchasing an additional 783 shares in the last quarter. Hedge funds and other institutional investors 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.