Schrodinger, Inc. (NASDAQ:SDGR) Stock Has Average Price Target of $26.67

by · The Markets Daily

Shares of Schrodinger, Inc. (NASDAQ:SDGR – Get Free Report) have been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $26.67.

Several research analysts have recently weighed in on the stock. KeyCorp boosted their price objective on shares of Schrodinger from $20.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, October 16th. BMO Capital Markets raised their target price on shares of Schrodinger from $24.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, October 12th. Wall Street Zen upgraded shares of Schrodinger from a “strong sell” rating to a “hold” rating in a report on Saturday, August 8th. UBS Group lifted their target price on shares of Schrodinger from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 20th. Finally, Weiss Ratings upgraded shares of Schrodinger from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 27th.

Check Out Our Latest Research Report on SDGR

Schrodinger Price Performance

Schrodinger stock opened at $32.41 on Friday. Schrodinger has a one year low of $10.94 and a one year high of $33.78. The business’s fifty day moving average is $26.33 and its 200 day moving average is $17.24. The stock has a market capitalization of $2.39 billion, a PE ratio of -41.02 and a beta of 1.69.

Schrodinger (NASDAQ:SDGR – Get Free Report) last issued its earnings results on Wednesday, November 4th. The company reported ($0.50) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.67) by $0.17. The business had revenue of $64.49 million during the quarter, compared to analyst estimates of $47.73 million. Schrodinger had a negative return on equity of 18.12% and a negative net margin of 22.02%. Schrodinger’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.45) EPS. As a group, sell-side analysts expect that Schrodinger will post -1.39 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Karen Akinsanya sold 31,599 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $29.37, for a total transaction of $928,062.63. Following the completion of the sale, the insider owned 69,956 shares in the company, valued at approximately $2,054,607.72. This represents a 31.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Yvonne Tran sold 32,000 shares of the company’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $32.85, for a total value of $1,051,200.00. Following the sale, the executive vice president owned 52,683 shares of the company’s stock, valued at approximately $1,730,636.55. This trade represents a 37.79% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 10.10% of the company’s stock.

Institutional Investors Weigh In On Schrodinger

Large investors have recently made changes to their positions in the company. Ieq Capital LLC increased its stake in shares of Schrodinger by 29.6% in the 3rd quarter. Ieq Capital LLC now owns 92,553 shares of the company’s stock worth $2,874,000 after purchasing an additional 21,156 shares in the last quarter. Focus Advisor Solutions LLC bought a new position in Schrodinger in the 3rd quarter worth $347,000. Stelac Advisory Services LLC bought a new position in Schrodinger in the 3rd quarter worth $102,000. Public Sector Pension Investment Board increased its stake in Schrodinger by 79.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 350,738 shares of the company’s stock worth $10,890,000 after buying an additional 154,824 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in Schrodinger in the 3rd quarter worth $5,271,000. 79.05% of the stock is currently owned by institutional investors.

Schrodinger Company Profile

(Get Free Report)

Schrödinger, Inc. develops computational software used to support drug discovery and materials research. Its platform applies physics-based modeling, computational chemistry and machine learning to help researchers analyze molecular properties and identify promising candidates. The company’s tools are used by pharmaceutical and biotechnology companies, academic institutions and other research organizations. Alongside software sales and subscriptions, Schrödinger works with partners on drug discovery programs and advances a portfolio of its own therapeutic candidates.

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