Brokerages Set Schrödinger, Inc. (NASDAQ:SDGR) Target Price at $32.11

Schrödinger, Inc. (NASDAQ:SDGR) has been given an average recommendation of “Moderate Buy” by the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $32.11.

SDGR has been the topic of several analyst reports. KeyCorp upped their price target on shares of Schrödinger from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. BMO Capital Markets boosted their price objective on shares of Schrödinger from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. KBC Group NV increased its holdings in shares of Schrödinger by 45.4% during the third quarter. KBC Group NV now owns 2,508 shares of the company’s stock valued at $47,000 after acquiring an additional 783 shares in the last quarter. Paradigm Asset Management Co. LLC acquired a new stake in Schrödinger in the 4th quarter valued at $50,000. Quarry LP increased its stake in Schrödinger by 1,150.0% during the 3rd quarter. Quarry LP now owns 2,825 shares of the company’s stock valued at $52,000 after purchasing an additional 2,599 shares in the last quarter. GAMMA Investing LLC raised its holdings in Schrödinger by 87.5% during the fourth quarter. GAMMA Investing LLC now owns 2,796 shares of the company’s stock worth $54,000 after buying an additional 1,305 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Schrödinger during the third quarter worth $102,000. 79.05% of the stock is owned by institutional investors and hedge funds.

Schrödinger Price Performance

SDGR stock opened at $24.49 on Wednesday. The stock has a market capitalization of $1.78 billion, a P/E ratio of -10.47 and a beta of 1.61. Schrödinger has a fifty-two week low of $16.67 and a fifty-two week high of $33.63. The business has a 50-day moving average of $21.70 and a 200-day moving average of $20.30.

Schrödinger (NASDAQ:SDGR) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.12). The business had revenue of $35.30 million for the quarter, compared to the consensus estimate of $41.25 million. Schrödinger had a negative return on equity of 35.77% and a negative net margin of 91.84%. The company’s quarterly revenue was down 17.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.86) earnings per share. Equities analysts expect that Schrödinger will post -2.37 EPS for the current year.

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.