Schrödinger, Inc. (NASDAQ:SDGR) Receives $32.11 Consensus Price Target from Analysts

Shares of Schrödinger, Inc. (NASDAQ:SDGR - Get Free Report) have earned an average rating of "Moderate Buy" from the ten analysts that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $32.11.

SDGR has been the topic of several recent analyst reports. BMO Capital Markets boosted their target price on shares of Schrödinger from $25.00 to $28.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. KeyCorp boosted their target price on shares of Schrödinger from $25.00 to $27.00 and gave the company an "overweight" rating in a research note on Friday, January 24th.

Schrödinger Stock Down 0.8 %

SDGR traded down $0.22 during trading on Wednesday, reaching $25.67. 610,077 shares of the company's stock were exchanged, compared to its average volume of 1,004,547. Schrödinger has a fifty-two week low of $16.67 and a fifty-two week high of $33.63. The business has a 50 day moving average price of $21.60 and a 200 day moving average price of $20.28. The company has a market capitalization of $1.87 billion, a P/E ratio of -10.97 and a beta of 1.61.

Schrödinger (NASDAQ:SDGR - Get Free Report) last posted 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 return on equity of 35.77% and a negative net margin of 91.84%. The business had revenue of $35.30 million for the quarter, compared to analyst estimates of $41.25 million. During the same quarter in the prior year, the firm earned ($0.86) EPS. The firm's quarterly revenue was down 17.1% on a year-over-year basis. As a group, research analysts forecast that Schrödinger will post -2.37 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Harbor Capital Advisors Inc. raised its holdings in Schrödinger by 5.0% during the 3rd 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. KBC Group NV raised its holdings in Schrödinger by 45.4% during the 3rd quarter. KBC Group NV now owns 2,508 shares of the company's stock worth $47,000 after purchasing an additional 783 shares during the last quarter. Redwood Wealth Management Group LLC raised its holdings in Schrödinger by 8.4% during the 4th quarter. Redwood Wealth Management Group LLC now owns 14,620 shares of the company's stock worth $283,000 after purchasing an additional 1,132 shares during the last quarter. GAMMA Investing LLC raised its holdings 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 purchasing an additional 1,305 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in 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 purchasing an additional 2,065 shares during the last quarter. 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.