Schrodinger, Inc. (NASDAQ:SDGR) Stock Now Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Schrödinger has a “Moderate Buy” consensus rating from eight analysts, with four buys, one strong buy, two holds and one sell. The average 12-month price target is $23.50, although TD Cowen and BMO recently raised their targets to $31 and $30, respectively.
• The company reported quarterly EPS of $0.08, beating the consensus estimate of a $0.41 loss, while revenue reached $58.89 million and grew 7.5% year over year. Analysts expect a full-year loss of $1.50 per share.
• Schrödinger shares opened at $25.89, with a market capitalization of about $1.91 billion; institutional investors own 79.05% of the stock. Insider Karen Akinsanya sold 31,599 shares worth approximately $928,000 under a pre-arranged trading plan.

Shares of Schrodinger, Inc. (NASDAQ:SDGR - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eight research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $23.50.

A number of brokerages recently issued reports on SDGR. Zacks Research upgraded Schrodinger from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 5th. TD Cowen lifted their price objective on Schrodinger from $20.00 to $31.00 and gave the company a "buy" rating in a research note on Tuesday. UBS Group initiated coverage on Schrodinger in a research report on Friday, August 14th. They set a "neutral" rating and a $19.00 target price for the company. Wall Street Zen upgraded Schrodinger from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, BMO Capital Markets upped their target price on Schrodinger from $24.00 to $30.00 and gave the stock an "outperform" rating in a research note on Monday.

Insider Activity

In other news, insider Karen Akinsanya sold 31,599 shares of Schrodinger stock in a transaction dated 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 trade represents a 31.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 10.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Purpose Unlimited Inc. purchased a new position in Schrodinger in the 4th quarter worth approximately $47,000. Allworth Financial LP bought a new position in shares of Schrodinger in the 2nd quarter worth $86,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Schrodinger during the 2nd quarter valued at $102,000. PNC Financial Services Group Inc. raised its position in shares of Schrodinger by 1,037.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,778 shares of the company's stock valued at $88,000 after buying an additional 7,094 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC purchased a new stake in shares of Schrodinger during the 3rd quarter valued at $268,000. 79.05% of the stock is currently owned by institutional investors.

Schrodinger Trading Down 0.1%

Schrodinger stock opened at $25.89 on Wednesday. Schrodinger has a 1-year low of $10.94 and a 1-year high of $33.78. The firm has a market capitalization of $1.91 billion, a PE ratio of -34.99 and a beta of 1.62. The firm's 50 day simple moving average is $23.16 and its 200 day simple moving average is $17.20.

Schrodinger (NASDAQ:SDGR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.41) by $0.49. The firm had revenue of $58.89 million during the quarter, compared to the consensus estimate of $47.19 million. Schrodinger had a negative net margin of 20.98% and a negative return on equity of 16.37%. The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.65) EPS. Research analysts forecast that Schrodinger will post -1.50 earnings per share for the current year.

About Schrodinger

Schrödinger, Inc is a technology company that develops computational software for pharmaceutical and materials research. Its platform uses physics-based modeling, machine learning and other computational methods to help scientists design and optimize molecules, evaluate potential drug candidates and investigate material properties.

The company's software offerings include molecular modeling, simulation, predictive modeling and collaborative research tools, such as Maestro, Desmond, Jaguar, FEP+ and LiveDesign.

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