Brokerages Set Schrodinger, Inc. (NASDAQ:SDGR) Price Target at $20.25

Shares of Schrodinger, Inc. (NASDAQ:SDGR) have earned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $20.25.

Several brokerages have recently issued reports on SDGR. UBS Group lowered their price objective on shares of Schrodinger from $18.00 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 17th. KeyCorp lowered their price objective on shares of Schrodinger from $25.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Wall Street Zen downgraded shares of Schrodinger from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 9th. Finally, Morgan Stanley lowered their price objective on shares of Schrodinger from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 14th.

Schrodinger Stock Down 0.5%

NASDAQ:SDGR opened at $11.99 on Friday. Schrodinger has a 12 month low of $10.94 and a 12 month high of $27.63. The firm has a market cap of $885.10 million, a price-to-earnings ratio of -8.50 and a beta of 1.57. The company’s 50 day moving average is $12.08 and its 200-day moving average is $14.79.

Schrodinger (NASDAQ:SDGR) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.25). Schrodinger had a negative net margin of 40.61% and a negative return on equity of 30.85%. The firm had revenue of $58.59 million during the quarter, compared to the consensus estimate of $47.57 million. During the same period in the prior year, the business earned ($0.82) EPS. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. Research analysts predict that Schrodinger will post -1.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other Schrodinger news, CEO Ramy Farid sold 43,000 shares of Schrodinger stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $12.33, for a total transaction of $530,190.00. Following the sale, the chief executive officer owned 330,824 shares in the company, valued at $4,079,059.92. The trade was a 11.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 55,501 shares of company stock worth $691,160 in the last 90 days. 10.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Schrodinger

Several institutional investors and hedge funds have recently made changes to their positions in SDGR. Bank of America Corp DE lifted its position in Schrodinger by 11.4% during the 1st quarter. Bank of America Corp DE now owns 145,902 shares of the company’s stock worth $1,657,000 after buying an additional 14,970 shares in the last quarter. ADAR1 Capital Management LLC acquired a new position in Schrodinger during the 1st quarter worth about $1,153,000. Royal Bank of Canada lifted its position in Schrodinger by 34.7% during the 1st quarter. Royal Bank of Canada now owns 69,464 shares of the company’s stock worth $790,000 after buying an additional 17,893 shares in the last quarter. Rubric Capital Management LP lifted its position in Schrodinger by 43.8% during the 1st 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 in the last quarter. Finally, Quantinno Capital Management LP acquired a new position in Schrodinger during the 1st quarter worth about $1,978,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Schrodinger Company Profile

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.