Leerink Partnrs Upgrades Schrödinger (NASDAQ:SDGR) to Strong-Buy

Leerink Partnrs upgraded shares of Schrödinger (NASDAQ:SDGR) to a strong-buy rating in a research report sent to investors on Tuesday, Zacks.com reports. Leerink Partnrs also issued estimates for Schrödinger’s Q2 2024 earnings at ($0.97) EPS, Q3 2024 earnings at ($1.00) EPS, Q4 2024 earnings at ($0.59) EPS, FY2024 earnings at ($3.33) EPS, FY2025 earnings at ($1.08) EPS, FY2026 earnings at ($3.73) EPS, FY2027 earnings at ($1.23) EPS and FY2028 earnings at ($1.72) EPS.

A number of other analysts have also commented on the stock. SVB Leerink began coverage on shares of Schrödinger in a research note on Tuesday. They set an outperform rating and a $29.00 price target for the company. Craig Hallum decreased their price target on shares of Schrödinger from $35.00 to $30.00 and set a buy rating for the company in a research note on Thursday, May 2nd. Finally, Citigroup decreased their price target on shares of Schrödinger from $39.00 to $37.00 and set a buy rating for the company in a research note on Thursday, May 2nd. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Schrödinger has an average rating of Moderate Buy and a consensus target price of $39.70.

Schrödinger Stock Down 1.1 %

Schrödinger stock opened at $20.10 on Tuesday. Schrödinger has a 12-month low of $18.21 and a 12-month high of $59.24. The firm’s fifty day moving average is $21.71 and its 200 day moving average is $26.10. The company has a market capitalization of $1.46 billion, a PE ratio of -10.69 and a beta of 1.51.

Schrödinger (NASDAQ:SDGR) last released its earnings results on Wednesday, May 1st. The company reported ($0.76) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.76). Schrödinger had a negative net margin of 75.94% and a negative return on equity of 29.25%. The company had revenue of $36.60 million for the quarter, compared to the consensus estimate of $41.23 million. Sell-side analysts expect that Schrödinger will post -2.7 EPS for the current fiscal year.

Institutional Trading of Schrödinger

Several institutional investors have recently made changes to their positions in SDGR. Qube Research & Technologies Ltd bought a new stake in shares of Schrödinger in the 3rd quarter worth $3,810,000. Seven Eight Capital LP bought a new stake in shares of Schrödinger in the 3rd quarter worth $1,012,000. Tudor Investment Corp Et Al grew its stake in shares of Schrödinger by 1.0% in the 3rd quarter. Tudor Investment Corp Et Al now owns 91,725 shares of the company’s stock worth $2,593,000 after acquiring an additional 908 shares in the last quarter. Integrated Advisors Network LLC grew its stake in shares of Schrödinger by 75.0% in the 3rd quarter. Integrated Advisors Network LLC now owns 150,514 shares of the company’s stock worth $4,255,000 after acquiring an additional 64,489 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Schrödinger by 9.7% in the 3rd quarter. American Century Companies Inc. now owns 277,987 shares of the company’s stock worth $7,859,000 after buying an additional 24,578 shares during the last quarter. Institutional investors own 79.05% of the company’s stock.

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.