Schrödinger, Inc. (NASDAQ:SDGR) Receives $32.80 Consensus Price Target from Analysts

Schrödinger, Inc. (NASDAQ:SDGR - Get Free Report) has been assigned a consensus rating of "Buy" from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $32.80.

Several research analysts recently issued reports on SDGR shares. Piper Sandler reduced their price target on shares of Schrödinger from $50.00 to $45.00 and set an "overweight" rating on the stock in a research report on Thursday, February 27th. KeyCorp upped their price target on shares of Schrödinger from $30.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 16th.

Schrödinger Stock Performance

Shares of NASDAQ:SDGR traded down $1.02 on Friday, hitting $20.51. The stock had a trading volume of 1,677,223 shares, compared to its average volume of 861,566. Schrödinger has a twelve month low of $16.60 and a twelve month high of $28.47. The firm's 50 day moving average price is $22.85 and its 200-day moving average price is $22.04. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of -8.76 and a beta of 1.84.

Schrödinger (NASDAQ:SDGR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.82) EPS for the quarter, missing the consensus estimate of ($0.81) by ($0.01). Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. The firm had revenue of $59.55 million during the quarter, compared to analyst estimates of $54.60 million. During the same quarter in the prior year, the firm posted ($0.86) EPS. The firm's revenue for the quarter was up 62.7% on a year-over-year basis. As a group, sell-side analysts predict that Schrödinger will post -2.37 EPS for the current year.

Insider Buying and Selling

In other Schrödinger news, insider Karen Akinsanya sold 16,723 shares of the company's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $25.09, for a total transaction of $419,580.07. Following the transaction, the insider now directly owns 15,625 shares in the company, valued at approximately $392,031.25. This represents a 51.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Geoffrey Craig Porges sold 5,491 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $21.76, for a total transaction of $119,484.16. Following the transaction, the chief financial officer now owns 27,544 shares in the company, valued at approximately $599,357.44. The trade was a 16.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.60% of the stock is owned by corporate insiders.

Institutional Trading of Schrödinger

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Greenwood Capital Associates LLC increased its stake in shares of Schrödinger by 2.7% in the 1st quarter. Greenwood Capital Associates LLC now owns 23,139 shares of the company's stock valued at $457,000 after acquiring an additional 612 shares during the last quarter. United Advisor Group LLC increased its stake in shares of Schrödinger by 3.3% in the 4th quarter. United Advisor Group LLC now owns 19,769 shares of the company's stock valued at $381,000 after acquiring an additional 634 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Schrödinger by 29.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,956 shares of the company's stock valued at $58,000 after acquiring an additional 680 shares during the last quarter. Redwood Wealth Management Group LLC increased its stake in shares of Schrödinger by 8.4% in the 4th quarter. Redwood Wealth Management Group LLC now owns 14,620 shares of the company's stock valued at $283,000 after acquiring an additional 1,132 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Schrödinger by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,643 shares of the company's stock valued at $610,000 after acquiring an additional 1,202 shares during the last quarter. 79.05% of the stock is owned by institutional investors.

Schrödinger Company Profile

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.