Schrödinger, Inc. (NASDAQ:SDGR) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Schrödinger, Inc. (NASDAQ:SDGR - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $32.60.

Several analysts recently commented on SDGR shares. BMO Capital Markets lowered their target price on Schrödinger from $30.00 to $25.00 and set an "outperform" rating on the stock in a research report on Thursday, October 17th. Morgan Stanley lowered their target price 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. Leerink Partners started coverage on Schrödinger in a research report on Tuesday, July 2nd. They issued an "outperform" rating and a $29.00 target price on the stock. KeyCorp lowered their price target on Schrödinger from $30.00 to $25.00 and set an "overweight" rating on the stock in a research report on Thursday, July 11th. Finally, Leerink Partnrs upgraded Schrödinger to a "strong-buy" rating in a research report on Tuesday, July 2nd.

Schrödinger Stock Performance

Shares of Schrödinger stock traded up $0.69 on Monday, reaching $18.37. 508,273 shares of the company were exchanged, compared to its average volume of 742,996. Schrödinger has a 1-year low of $16.67 and a 1-year high of $38.00. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of -6.85 and a beta of 1.50. The company's 50-day moving average is $19.12 and its two-hundred day moving average is $20.87.

Schrödinger (NASDAQ:SDGR - Get Free Report) last posted its earnings results on Wednesday, July 31st. The company reported ($0.74) EPS for the quarter, beating the consensus estimate of ($0.85) by $0.11. Schrödinger had a negative return on equity of 38.38% and a negative net margin of 100.42%. The firm had revenue of $47.33 million for the quarter, compared to analysts' expectations of $40.19 million. As a group, sell-side analysts forecast that Schrödinger will post -2.19 earnings per share for the current year.

Insider Transactions at Schrödinger

In other news, insider Margaret Dugan sold 1,531 shares of the firm's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $17.78, for a total transaction of $27,221.18. Following the completion of the sale, the insider now directly owns 13,469 shares of the company's stock, valued at $239,478.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 8.60% of the company's stock.

Institutional Investors Weigh In On Schrödinger

Several large investors have recently modified their holdings of the stock. Texas Permanent School Fund Corp boosted its position in shares of Schrödinger by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 47,869 shares of the company's stock worth $1,292,000 after buying an additional 626 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Schrödinger by 2.6% in the second quarter. Louisiana State Employees Retirement System now owns 27,800 shares of the company's stock worth $538,000 after buying an additional 700 shares during the period. GAMMA Investing LLC boosted its position in shares of Schrödinger by 49.5% in the second quarter. GAMMA Investing LLC now owns 2,124 shares of the company's stock worth $41,000 after buying an additional 703 shares during the period. ProShare Advisors LLC boosted its position in shares of Schrödinger by 7.4% in the first quarter. ProShare Advisors LLC now owns 10,987 shares of the company's stock worth $297,000 after buying an additional 753 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its position in shares of Schrödinger by 2.7% in the first quarter. Illinois Municipal Retirement Fund now owns 32,043 shares of the company's stock worth $865,000 after buying an additional 831 shares during the period. 79.05% of the stock is owned by institutional investors.

About Schrödinger

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.