Schrödinger, Inc. (NASDAQ:SDGR) Receives $33.00 Average Target Price from Analysts

Shares of Schrödinger, Inc. (NASDAQ:SDGR - Get Free Report) have earned an average recommendation of "Buy" from the eight analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $33.00.

SDGR has been the topic of several research reports. Piper Sandler lowered their target price on Schrödinger from $50.00 to $45.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. KeyCorp raised their price objective on shares of Schrödinger from $30.00 to $32.00 and gave the company an "overweight" rating in a research note on Wednesday, April 16th.

Insider Buying and Selling

In other Schrödinger news, insider Karen Akinsanya sold 16,723 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $25.09, for a total value of $419,580.07. Following the sale, the insider now directly owns 15,625 shares of the company's stock, valued at approximately $392,031.25. This represents a 51.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Geoffrey Craig Porges sold 5,491 shares of Schrödinger stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $21.76, for a total transaction of $119,484.16. Following the sale, the chief financial officer now directly owns 27,544 shares of the company's stock, valued at approximately $599,357.44. This trade represents a 16.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.60% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Stifel Financial Corp lifted its stake in Schrödinger by 12.3% during the third quarter. Stifel Financial Corp now owns 27,541 shares of the company's stock worth $511,000 after purchasing an additional 3,020 shares during the last quarter. Barclays PLC lifted its position in shares of Schrödinger by 421.6% during the 3rd quarter. Barclays PLC now owns 107,554 shares of the company's stock worth $1,995,000 after buying an additional 86,933 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Schrödinger by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,319,205 shares of the company's stock valued at $24,476,000 after buying an additional 24,114 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Schrödinger by 3.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 122,702 shares of the company's stock valued at $2,276,000 after buying an additional 4,403 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Schrödinger by 87.5% during the 4th quarter. GAMMA Investing LLC now owns 2,796 shares of the company's stock worth $54,000 after acquiring an additional 1,305 shares in the last quarter. Hedge funds and other institutional investors own 79.05% of the company's stock.

Schrödinger Stock Performance

Shares of Schrödinger stock traded down $0.50 on Monday, reaching $25.49. The company had a trading volume of 1,537,202 shares, compared to its average volume of 834,500. The firm's 50 day moving average price is $22.09 and its two-hundred day moving average price is $21.12. Schrödinger has a 52-week low of $16.60 and a 52-week high of $28.47. The firm has a market cap of $1.86 billion, a PE ratio of -10.89 and a beta of 1.77.

Schrödinger (NASDAQ:SDGR - Get Free Report) last announced its earnings results on Wednesday, February 26th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.20). Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. The firm had revenue of $88.32 million during the quarter, compared to analysts' expectations of $83.20 million. As a group, sell-side analysts predict that Schrödinger will post -2.37 EPS for the current year.

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.