Schrodinger, Inc. (NASDAQ:SDGR) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts give Schrodinger an average “Hold” rating: Of seven analysts, three recommend buying, three rate it a hold, and one recommends selling. The average 12-month price target is $20.50.
• Recent quarterly results exceeded expectations: Schrodinger reported adjusted EPS of $0.08 versus consensus of a $0.41 loss, while revenue reached $58.89 million, up 7.5% year over year and above estimates.
• Institutional ownership remains high: Institutional investors own approximately 79.05% of the company, with major holders including BlackRock, Vanguard and Rubric Capital increasing or establishing positions.

Schrodinger, Inc. (NASDAQ:SDGR - Get Free Report) has earned an average rating of "Hold" from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $20.50.

Several analysts have weighed in on the stock. Wall Street Zen raised shares of Schrodinger from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 8th. Weiss Ratings cut Schrodinger from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Wednesday, August 12th. UBS Group started coverage on Schrodinger in a report on Friday, August 14th. They issued a "neutral" rating and a $19.00 price objective on the stock. Finally, Morgan Stanley lowered their target price on Schrodinger from $19.00 to $17.00 and set an "equal weight" rating for the company in a research note on Thursday, May 14th.

Schrodinger Stock Performance

SDGR stock opened at $18.77 on Tuesday. The company has a market capitalization of $1.39 billion, a PE ratio of -25.36 and a beta of 1.63. Schrodinger has a one year low of $10.94 and a one year high of $23.02. The company's 50 day moving average price is $16.53 and its two-hundred day moving average price is $13.97.

Schrodinger (NASDAQ:SDGR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.41) by $0.49. Schrodinger had a negative net margin of 20.98% and a negative return on equity of 16.37%. The company had revenue of $58.89 million during the quarter, compared to analysts' expectations of $47.19 million. During the same quarter in the prior year, the company earned ($0.65) EPS. The firm's revenue was up 7.5% on a year-over-year basis. On average, research analysts predict that Schrodinger will post -1.89 EPS for the current year.

Institutional Trading of Schrodinger

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Schrodinger during the second quarter valued at approximately $170,978,000. Vanguard Group Inc. increased its stake in shares of Schrodinger by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 6,464,426 shares of the company's stock worth $115,584,000 after buying an additional 125,349 shares during the period. Rubric Capital Management LP increased its stake in shares of Schrodinger by 43.8% in the first quarter. Rubric Capital Management LP now owns 6,000,000 shares of the company's stock worth $68,160,000 after buying an additional 1,828,502 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Schrodinger by 12.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,717,890 shares of the company's stock valued at $66,476,000 after buying an additional 414,231 shares during the last quarter. Finally, Amova Asset Management Americas Inc. raised its holdings in Schrodinger by 13.2% during the 1st quarter. Amova Asset Management Americas Inc. now owns 3,190,837 shares of the company's stock valued at $36,248,000 after buying an additional 371,167 shares during the last quarter. Institutional investors own 79.05% of the company's stock.

About Schrodinger

Schrödinger, Inc is a life sciences and materials discovery company that specializes in the application of physics-based computational platforms to accelerate drug discovery and advanced materials design. Founded in 1990 by Professor Richard A. Friesner, Schrödinger has developed a suite of proprietary software tools—such as Maestro for molecular modeling, Glide for molecular docking and Jaguar for quantum chemistry calculations—that enable scientists to predict molecular behavior with high accuracy.

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