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

Schrödinger, Inc. (NASDAQ:SDGRGet Free Report) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $40.89.

Several brokerages have recently issued reports on SDGR. Bank of America lowered their target price on shares of Schrödinger from $38.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, February 29th. KeyCorp dropped their price objective on Schrödinger from $38.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, February 29th. Craig Hallum reduced their target price on Schrödinger from $35.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Piper Sandler dropped their price target on Schrödinger from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, February 29th. Finally, Citigroup decreased their price target on Schrödinger from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd.

Read Our Latest Stock Analysis on Schrödinger

Schrödinger Stock Up 3.4 %

Shares of NASDAQ:SDGR opened at $19.41 on Tuesday. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -10.32 and a beta of 1.53. The business has a 50-day moving average price of $22.50 and a 200-day moving average price of $26.77. Schrödinger has a 52-week low of $18.60 and a 52-week high of $59.24.

Schrödinger (NASDAQ:SDGRGet Free Report) last issued its earnings results on Wednesday, May 1st. The company reported ($0.76) EPS for the quarter, meeting analysts’ consensus estimates of ($0.76). Schrödinger had a negative net margin of 75.94% and a negative return on equity of 29.25%. The business had revenue of $36.60 million during the quarter, compared to analysts’ expectations of $41.23 million. As a group, equities analysts anticipate that Schrödinger will post -2.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Schrödinger

Several institutional investors and hedge funds have recently added to or reduced their stakes in SDGR. Virtu Financial LLC acquired a new position in Schrödinger in the 1st quarter valued at approximately $263,000. Iron Triangle Partners LP raised its stake in shares of Schrödinger by 84.2% in the 1st quarter. Iron Triangle Partners LP now owns 863,323 shares of the company’s stock valued at $23,310,000 after acquiring an additional 394,738 shares in the last quarter. EntryPoint Capital LLC boosted its holdings in shares of Schrödinger by 651.0% during the 1st quarter. EntryPoint Capital LLC now owns 15,853 shares of the company’s stock worth $428,000 after buying an additional 13,742 shares during the period. CANADA LIFE ASSURANCE Co grew its position in shares of Schrödinger by 5.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 68,995 shares of the company’s stock valued at $1,861,000 after purchasing an additional 3,410 shares during the last quarter. Finally, UniSuper Management Pty Ltd bought a new position in Schrödinger in the 1st quarter worth approximately $492,000. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Schrödinger Company Profile

(Get Free Report

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.

Featured Stories

Analyst Recommendations for Schrödinger (NASDAQ:SDGR)

Receive News & Ratings for Schrödinger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schrödinger and related companies with MarketBeat.com's FREE daily email newsletter.