Schrodinger (NASDAQ:SDGR) Stock Price Breaks Above 50 Day Moving Average - Time to Sell?

Key Points

• Schrödinger shares rose 2.9% and moved above their 50-day moving average of $24.15, trading near $24.50. The stock’s 200-day moving average is $16.61.
• Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $25.83; recent targets range from $21 to $32.
• The company beat quarterly expectations with $0.08 EPS and $58.89 million in revenue, though it remains unprofitable. An insider also sold 31,599 shares at an average price of $29.37.

Schrodinger, Inc. (NASDAQ:SDGR - Get Free Report)'s stock price passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $24.15 and traded as high as $24.89. Schrodinger shares last traded at $24.50, with a volume of 1,263,582 shares changing hands.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. TD Cowen increased their price target on shares of Schrodinger from $20.00 to $31.00 and gave the stock a "buy" rating in a report on Tuesday, October 13th. UBS Group lifted their price objective on shares of Schrodinger from $19.00 to $21.00 and gave the company a "neutral" rating in a report on Tuesday, October 20th. KeyCorp upped their price objective on shares of Schrodinger from $20.00 to $32.00 and gave the stock an "overweight" rating in a research report on Friday, October 16th. BMO Capital Markets upped their price objective on shares of Schrodinger from $24.00 to $30.00 and gave the stock an "outperform" rating in a research report on Monday, October 12th. Finally, Wall Street Zen upgraded Schrodinger from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $25.83.

Schrodinger Stock Up 2.9%

The firm has a market capitalization of $1.81 billion, a PE ratio of -33.11 and a beta of 1.62. The stock has a 50-day moving average price of $24.15 and a 200 day moving average price of $16.61.

Schrodinger (NASDAQ:SDGR - Get Free Report) last announced its earnings results 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 return on equity of 16.37% and a negative net margin of 20.98%. The firm had revenue of $58.89 million for the quarter, compared to analyst estimates of $47.19 million. During the same quarter last year, the firm posted ($0.65) EPS. The business's revenue was up 7.5% on a year-over-year basis. As a group, equities analysts predict that Schrodinger, Inc. will post -1.50 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Schrodinger news, insider Karen Akinsanya sold 31,599 shares of the company's stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $29.37, for a total transaction of $928,062.63. Following the completion of the transaction, the insider directly 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 SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 10.10% of the company's stock.

Institutional Investors Weigh In On Schrodinger

Several institutional investors have recently bought and sold shares of SDGR. Root Financial Partners LLC purchased a new stake in shares of Schrodinger during the third quarter worth $50,000. Sterling Capital Management LLC lifted its stake in shares of Schrodinger by 843.8% in the third quarter. Sterling Capital Management LLC now owns 1,916 shares of the company's stock worth $59,000 after buying an additional 1,713 shares in the last quarter. Allworth Financial LP purchased a new position in shares of Schrodinger in the second quarter worth about $86,000. PNC Financial Services Group Inc. boosted its position in Schrodinger by 1,037.1% during the first quarter. PNC Financial Services Group Inc. now owns 7,778 shares of the company's stock worth $88,000 after acquiring an additional 7,094 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in Schrodinger during the second quarter worth about $102,000. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Schrodinger Company Profile

Schrödinger, Inc develops computational software and services designed to support pharmaceutical, biotechnology and materials research. Its platform uses physics-based modeling, machine learning and other computational methods to help scientists analyze molecular interactions, design compounds and prioritize candidates for experimental testing.

The company's software offerings include tools for molecular modeling, quantum chemistry, molecular dynamics, virtual screening, property prediction and free-energy calculations.

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