Schrodinger, Inc. (NASDAQ:SDGR) Receives $20.50 Consensus PT from Analysts

Shares of Schrodinger, Inc. (NASDAQ:SDGR) have been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $20.50.

A number of analysts have recently issued reports on the company. UBS Group initiated coverage on Schrodinger in a research report on Friday, August 14th. They set a “neutral” rating and a $19.00 price objective on the stock. Wall Street Zen raised Schrodinger from a “strong sell” rating to a “hold” rating in a report on Saturday, August 8th. Morgan Stanley decreased their price objective on shares of Schrodinger from $19.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, May 14th. Finally, Weiss Ratings cut Schrodinger from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, August 12th.

Institutional Investors Weigh In On Schrodinger

Several large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its holdings in shares of Schrodinger by 722.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,374 shares of the company’s stock worth $25,000 after acquiring an additional 1,207 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Schrodinger during the 4th quarter worth approximately $26,000. Hantz Financial Services Inc. lifted its stake in Schrodinger by 5,025.8% in the fourth quarter. Hantz Financial Services Inc. now owns 1,589 shares of the company’s stock valued at $28,000 after acquiring an additional 1,558 shares during the last quarter. State of Wyoming acquired a new stake in Schrodinger in the 2nd quarter valued at about $39,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Schrodinger in the fourth quarter valued at approximately $36,000. 79.05% of the stock is currently owned by institutional investors.

Schrodinger Stock Up 4.8%

SDGR stock opened at $20.41 on Tuesday. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of -27.58 and a beta of 1.63. Schrodinger has a 12 month low of $10.94 and a 12 month high of $23.02. The firm has a 50 day moving average of $16.81 and a two-hundred day moving average of $14.11.

Schrodinger (NASDAQ:SDGR) 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 company had revenue of $58.89 million for the quarter, compared to the consensus estimate of $47.19 million. Schrodinger had a negative return on equity of 16.37% and a negative net margin of 20.98%.The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.65) earnings per share. On average, research analysts expect that Schrodinger will post -1.89 EPS for the current fiscal year.

About Schrodinger

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.