Schrödinger, Inc. (NASDAQ:SDGR) Receives $43.50 Average PT from Brokerages

Shares of Schrödinger, Inc. (NASDAQ:SDGR) 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.

Insider Buying and Selling at Schrödinger

In other Schrödinger news, insider Robert Lorne Abel sold 1,205 shares of Schrödinger stock in a transaction on Monday, February 12th. The stock was sold at an average price of $27.55, for a total transaction of $33,197.75. Following the completion of the sale, the insider now directly owns 9,340 shares of the company’s stock, valued at approximately $257,317. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, COO Kenneth Patrick Lorton sold 901 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $28.29, for a total value of $25,489.29. Following the completion of the transaction, the chief operating officer now directly owns 36,487 shares of the company’s stock, valued at approximately $1,032,217.23. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Robert Lorne Abel sold 1,205 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $27.55, for a total value of $33,197.75. Following the completion of the transaction, the insider now directly owns 9,340 shares of the company’s stock, valued at $257,317. The disclosure for this sale can be found here. Insiders sold a total of 3,651 shares of company stock valued at $102,395 in the last ninety days. Corporate insiders own 7.60% of the company’s stock.

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) 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.