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

Shares of Schrödinger, Inc. (NASDAQ:SDGR - Get Free Report) have been given an average recommendation of "Moderate Buy" by the nine brokerages that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $43.50.

A number of analysts recently weighed in on SDGR shares. Craig Hallum cut their target price on shares of Schrödinger from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Friday, January 19th. KeyCorp cut their target price on shares of Schrödinger from $38.00 to $33.00 and set an "overweight" rating on the stock in a research note on Thursday, February 29th. Bank of America cut their target price on shares of Schrödinger from $38.00 to $32.00 and set a "neutral" rating on the stock in a research note on Thursday, February 29th. The Goldman Sachs Group cut their target price on shares of Schrödinger from $29.00 to $26.00 and set a "neutral" rating on the stock in a research note on Friday, March 1st. Finally, TD Cowen started coverage on shares of Schrödinger in a research note on Friday, January 26th. They set an "outperform" rating and a $42.00 target price on the stock.

Insider Buying and Selling at Schrödinger

In other news, COO Kenneth Patrick Lorton sold 901 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $28.29, for a total value of $25,489.29. Following the completion of the sale, the chief operating officer now directly owns 36,487 shares of the company's stock, valued at $1,032,217.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, COO Kenneth Patrick Lorton sold 901 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $28.29, for a total value of $25,489.29. Following the completion of the sale, the chief operating officer now directly owns 36,487 shares of the company's stock, valued at $1,032,217.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Lorne Abel sold 1,205 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $27.55, for a total value of $33,197.75. Following the completion of the sale, the insider now directly owns 9,340 shares of the company's stock, valued at $257,317. The disclosure for this sale can be found here. Insiders have sold 3,651 shares of company stock worth $102,395 over the last three months. Insiders own 7.60% of the company's stock.

Institutional Investors Weigh In On Schrödinger

Large investors have recently modified their holdings of the company. Arete Wealth Advisors LLC acquired a new stake in shares of Schrödinger during the first quarter worth $25,000. Creative Planning acquired a new stake in shares of Schrödinger during the third quarter worth $27,000. Spire Wealth Management lifted its holdings in shares of Schrödinger by 66.7% during the third quarter. Spire Wealth Management now owns 1,000 shares of the company's stock worth $28,000 after purchasing an additional 400 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Schrödinger by 1,676.0% during the second quarter. PNC Financial Services Group Inc. now owns 888 shares of the company's stock worth $44,000 after purchasing an additional 838 shares during the period. Finally, National Bank of Canada FI lifted its holdings in Schrödinger by 260.0% in the third quarter. National Bank of Canada FI now owns 1,800 shares of the company's stock valued at $49,000 after acquiring an additional 1,300 shares during the period. 79.05% of the stock is owned by institutional investors and hedge funds.

Schrödinger Stock Down 0.5 %

NASDAQ:SDGR traded down $0.13 on Thursday, reaching $27.38. 451,962 shares of the company's stock were exchanged, compared to its average volume of 883,702. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 43.46 and a beta of 1.57. The business has a fifty day moving average of $27.46 and a 200-day moving average of $28.48. Schrödinger has a 52-week low of $20.76 and a 52-week high of $59.24.

Schrödinger (NASDAQ:SDGR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.44) by $0.12. The company had revenue of $74.10 million for the quarter, compared to analyst estimates of $79.12 million. Schrödinger had a net margin of 18.79% and a negative return on equity of 23.58%. The business's revenue for the quarter was up 30.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.39) earnings per share. As a group, equities analysts anticipate that Schrödinger will post -2.73 earnings per share for the current year.

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.