Schrödinger, Inc. (NASDAQ:SDGR) Receives $32.60 Consensus Target Price from Analysts

Schrödinger, Inc. (NASDAQ:SDGR) has been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $32.60.

A number of research analysts have issued reports on SDGR shares. KeyCorp cut their target price on shares of Schrödinger from $30.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. Morgan Stanley reduced their price objective on shares of Schrödinger from $43.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 21st. Finally, BMO Capital Markets lowered their target price on shares of Schrödinger from $30.00 to $25.00 and set an “outperform” rating for the company in a report on Thursday, October 17th.

Insider Buying and Selling

In other news, insider Margaret Dugan sold 1,531 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $17.78, for a total value of $27,221.18. Following the sale, the insider now directly owns 13,469 shares in the company, valued at $239,478.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 8.60% of the company’s stock.

Institutional Trading of Schrödinger

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC grew its position in Schrödinger by 145.3% in the second quarter. Nisa Investment Advisors LLC now owns 1,413 shares of the company’s stock valued at $27,000 after purchasing an additional 837 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Schrödinger by 49.5% in the second quarter. GAMMA Investing LLC now owns 2,124 shares of the company’s stock valued at $41,000 after acquiring an additional 703 shares during the last quarter. nVerses Capital LLC bought a new stake in Schrödinger during the second quarter worth about $66,000. PNC Financial Services Group Inc. boosted its position in Schrödinger by 186.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,127 shares of the company’s stock valued at $76,000 after purchasing an additional 1,385 shares during the last quarter. Finally, Quest Partners LLC increased its position in shares of Schrödinger by 1,005.6% during the 2nd quarter. Quest Partners LLC now owns 4,555 shares of the company’s stock worth $88,000 after purchasing an additional 4,143 shares during the last quarter. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Schrödinger Stock Up 2.3 %

Shares of SDGR opened at $17.99 on Monday. The stock’s fifty day simple moving average is $18.96 and its 200-day simple moving average is $20.69. The firm has a market capitalization of $1.31 billion, a PE ratio of -6.71 and a beta of 1.50. Schrödinger has a 12-month low of $16.67 and a 12-month high of $38.00.

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.