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

Shares of Schrödinger, Inc. (NASDAQ:SDGR - Get Free Report) have received an average recommendation of "Moderate Buy" from the eleven research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $32.90.

A number of research firms recently issued reports on SDGR. 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 report on Wednesday, November 13th. Morgan Stanley decreased their target price on shares of Schrödinger from $43.00 to $30.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 21st.

Insider Buying and Selling at Schrödinger

In other news, insider Margaret Dugan sold 1,531 shares of the business's stock in a transaction dated Tuesday, October 15th. The shares were 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 owns 13,469 shares of the company's stock, valued at $239,478.82. The trade was a 10.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.60% of the stock is owned by corporate insiders.

Institutional Trading of Schrödinger

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Schrödinger by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 6,809,024 shares of the company's stock valued at $183,844,000 after acquiring an additional 32,393 shares in the last quarter. Rubric Capital Management LP grew its stake in Schrödinger by 17.7% during the 3rd quarter. Rubric Capital Management LP now owns 3,685,503 shares of the company's stock valued at $68,366,000 after acquiring an additional 555,503 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Schrödinger by 1.4% during 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 acquiring an additional 29,920 shares in the last quarter. State Street Corp grew its stake in Schrödinger by 1.8% during the 3rd quarter. State Street Corp now owns 2,155,620 shares of the company's stock valued at $39,987,000 after acquiring an additional 38,972 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in Schrödinger by 58.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,945,182 shares of the company's stock valued at $36,083,000 after acquiring an additional 717,059 shares in the last quarter. Hedge funds and other institutional investors own 79.05% of the company's stock.

Schrödinger Trading Up 2.3 %

Shares of NASDAQ:SDGR traded up $0.47 on Friday, hitting $20.84. 623,379 shares of the company were exchanged, compared to its average volume of 760,084. Schrödinger has a 1-year low of $16.67 and a 1-year high of $38.00. The stock's 50 day moving average price is $18.63 and its 200 day moving average price is $20.25. The firm has a market capitalization of $1.52 billion, a P/E ratio of -8.97 and a beta of 1.50.

Schrödinger (NASDAQ:SDGR - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.40) by ($0.12). The business had revenue of $35.30 million for the quarter, compared to analyst estimates of $41.25 million. Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. The company's revenue for the quarter was down 17.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.86) earnings per share. On average, equities analysts predict that Schrödinger will post -2.29 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.