Shares of Schrödinger, Inc. (NASDAQ:SDGR – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $43.50.
A number of brokerages have recently commented on SDGR. Piper Sandler dropped their target price on Schrödinger from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, February 29th. The Goldman Sachs Group decreased their price target on Schrödinger from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, March 1st. Craig Hallum decreased their price target on Schrödinger from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, January 19th. TD Cowen started coverage on Schrödinger in a research note on Friday, January 26th. They set an “outperform” rating and a $42.00 price target for the company. Finally, Citigroup decreased their price target on Schrödinger from $47.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, February 29th.
View Our Latest Report on Schrödinger
Insider Buying and Selling at Schrödinger
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Arete Wealth Advisors LLC bought a new position in shares of Schrödinger in the 1st quarter worth $25,000. Creative Planning purchased a new position in Schrödinger during the 3rd quarter worth $27,000. Spire Wealth Management grew its stake in Schrödinger by 66.7% during the 3rd quarter. Spire Wealth Management now owns 1,000 shares of the company’s stock worth $28,000 after buying an additional 400 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Schrödinger by 1,676.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock worth $44,000 after buying an additional 838 shares during the last quarter. Finally, National Bank of Canada FI grew its stake in Schrödinger by 260.0% during the 3rd quarter. National Bank of Canada FI now owns 1,800 shares of the company’s stock worth $49,000 after buying an additional 1,300 shares during the last quarter. 79.05% of the stock is owned by institutional investors.
Schrödinger Price Performance
NASDAQ SDGR opened at $25.04 on Thursday. The stock has a market capitalization of $1.81 billion, a PE ratio of 39.75 and a beta of 1.57. The business has a 50 day simple moving average of $27.39 and a two-hundred day simple moving average of $28.42. Schrödinger has a 1-year low of $20.76 and a 1-year high of $59.24.
Schrödinger (NASDAQ:SDGR – Get Free Report) last announced its earnings results on Wednesday, February 28th. The company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.12. The firm had revenue of $74.10 million during the quarter, compared to analysts’ expectations of $79.12 million. Schrödinger had a negative return on equity of 23.58% and a net margin of 18.79%. The company’s quarterly revenue was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.39) EPS. On average, analysts anticipate that Schrödinger will post -2.73 EPS for the current fiscal 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.
Featured Stories
- Five stocks we like better than Schrödinger
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- United Airlines Soars on Earnings Beat
- With Risk Tolerance, One Size Does Not Fit All
- J.B. Hunt Hits the Skids: Lower Prices to Come
- How to Read Stock Charts for Beginners
- Predicting a Bear Market: 7 Signs and Why it’s Tough to Do
Receive News & Ratings for Schrödinger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schrödinger and related companies with MarketBeat.com's FREE daily email newsletter.