Schrödinger, Inc. (NASDAQ:SDGR) Receives Consensus Rating of "Buy" from Analysts

Schrödinger, Inc. (NASDAQ:SDGR - Get Free Report) has been assigned a consensus rating of "Buy" from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $32.29.

Several research analysts have weighed in on the stock. BMO Capital Markets upped their price objective 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 upped their price objective 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. Finally, Piper Sandler dropped their price objective 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.

Insider Transactions at Schrödinger

In related news, CFO Geoffrey Craig Porges sold 5,491 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $21.76, for a total value of $119,484.16. Following the transaction, the chief financial officer now directly owns 27,544 shares in the company, valued at approximately $599,357.44. This trade represents a 16.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 8.60% of the stock is currently owned by company insiders.

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Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SDGR. Private Advisor Group LLC grew its stake in Schrödinger by 20.5% in the 3rd quarter. Private Advisor Group LLC now owns 12,150 shares of the company's stock valued at $225,000 after buying an additional 2,065 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in Schrödinger by 5.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 13,059 shares of the company's stock valued at $242,000 after buying an additional 622 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Schrödinger by 1.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,191,054 shares of the company's stock valued at $40,644,000 after buying an additional 29,920 shares during the last quarter. Pier 88 Investment Partners LLC boosted its holdings in Schrödinger by 83.6% in the 3rd 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 period. Finally, KBC Group NV boosted its holdings in 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. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Schrödinger Stock Performance

Shares of NASDAQ:SDGR traded up $0.76 during mid-day trading on Friday, hitting $21.84. The stock had a trading volume of 850,340 shares, compared to its average volume of 1,022,896. The company has a market cap of $1.59 billion, a PE ratio of -9.33 and a beta of 1.62. Schrödinger has a 12-month low of $16.67 and a 12-month high of $29.15. The company's 50 day moving average is $22.44 and its 200-day moving average is $20.63.

Schrödinger (NASDAQ:SDGR - Get Free Report) last issued 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 firm had revenue of $88.32 million during the quarter, compared to analysts' expectations of $83.20 million. Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. On average, equities research analysts predict that Schrödinger will post -2.37 EPS for the current fiscal 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.