Schrödinger, Inc. (NASDAQ:SDGR) Receives $32.90 Average Target Price from Analysts

Shares of Schrödinger, Inc. (NASDAQ:SDGR) have earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $32.90.

Separately, BMO Capital Markets upped their price objective on Schrödinger from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th.

Institutional Trading of Schrödinger

A number of institutional investors have recently bought and sold shares of the business. KBC Group NV raised its position in shares of Schrödinger by 45.4% during the 3rd quarter. KBC Group NV now owns 2,508 shares of the company’s stock worth $47,000 after acquiring an additional 783 shares in the last quarter. Quarry LP raised its holdings in Schrödinger by 1,150.0% during the third quarter. Quarry LP now owns 2,825 shares of the company’s stock worth $52,000 after purchasing an additional 2,599 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Schrödinger by 87.5% during the 4th 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. Quest Partners LLC boosted its holdings in shares of Schrödinger by 1,005.6% in the 2nd quarter. Quest Partners LLC now owns 4,555 shares of the company’s stock valued at $88,000 after buying an additional 4,143 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Schrödinger in the 3rd quarter valued at $102,000. 79.05% of the stock is owned by hedge funds and other institutional investors.

Schrödinger Stock Performance

Shares of Schrödinger stock opened at $19.30 on Friday. The business has a 50-day moving average of $20.48 and a 200 day moving average of $20.01. Schrödinger has a 12 month low of $16.67 and a 12 month high of $33.63.

Schrödinger (NASDAQ:SDGR) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.12). Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. The business had revenue of $35.30 million during the quarter, compared to analyst estimates of $41.25 million. During the same quarter last year, the firm posted ($0.86) EPS. The company’s revenue for the quarter was down 17.1% on a year-over-year basis. Research analysts predict that Schrödinger will post -2.29 EPS for the current 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.