Schrödinger (SDGR) to Release Quarterly Earnings on Tuesday

Schrödinger (NASDAQ:SDGR - Get Free Report) will release its earnings data before the market opens on Tuesday, November 12th. Analysts expect Schrödinger to post earnings of ($0.40) per share for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Schrödinger Stock Performance

Shares of Schrödinger stock traded down $0.35 on Tuesday, reaching $17.89. The stock had a trading volume of 1,041,604 shares, compared to its average volume of 742,073. The business's 50-day moving average price is $18.91 and its two-hundred day moving average price is $20.61. Schrödinger has a fifty-two week low of $16.67 and a fifty-two week high of $38.00. The stock has a market cap of $1.30 billion, a P/E ratio of -6.68 and a beta of 1.50.

Wall Street Analyst Weigh In

SDGR has been the topic of a number of research reports. KeyCorp dropped their target price on shares of Schrödinger from $30.00 to $25.00 and set an "overweight" rating on the stock in a research report on Thursday, July 11th. Morgan Stanley lowered their price target on shares of Schrödinger from $43.00 to $30.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 21st. Finally, BMO Capital Markets lowered their price target on shares of Schrödinger from $30.00 to $25.00 and set an "outperform" rating on the stock in a report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $32.60.

Insider Buying and Selling

In other news, insider Margaret Dugan sold 1,531 shares of the firm's stock in a transaction that occurred on 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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.60% of the stock is owned by company insiders.

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.