Schrödinger, Inc. (NASDAQ:SDGR) Receives Average “Buy” Rating from Analysts
Schrödinger, Inc. (NASDAQ: SDGR – Get a rating) has been assigned a consensus “Buy” recommendation by the seven analysts who currently cover the company, reports Marketbeat.com. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The 12-month average price target among analysts who have reported on the stock over the past year is $68.50.
SDGR has been the subject of several recent analyst reports. Zacks Investment Research upgraded Schrödinger from a “sell” rating to a “hold” rating in a research report on Wednesday. Citigroup began covering Schrödinger in a research report on Monday, February 28. They issued a “buy” rating and a target price of $55.00 on the stock. Finally, Piper Sandler lowered her price target on Schrödinger from $87.00 to $84.00 in a Friday, February 25 research report.
Shares of Schrödinger opened at $26.48 on Friday. The company has a market capitalization of $1.88 billion, a price-earnings ratio of -14.01 and a beta of 1.20. The company has a fifty-day simple moving average of $27.73 and a 200-day simple moving average of $30.88. Schrödinger has a fifty-two week low of $20.71 and a fifty-two week high of $79.75.
Schrodinger (NASDAQ:SDGR – Get a rating) last released its quarterly results on Wednesday, May 4. The company reported ($0.48) earnings per share for the quarter, beating the consensus estimate of ($0.52) by $0.04. The company posted revenue of $48.60 million for the quarter, versus analyst estimates of $34.57 million. Schrödinger had a negative return on equity of 23.72% and a negative net margin of 87.27%. The company’s revenue increased by 51.4% compared to the same quarter last year. As a group, equity research analysts expect Schrödinger to post -2.02 EPS for the current year.
A number of large investors have recently changed their positions in the stock. The Manufacturers Life Insurance Company increased its stake in Schrödinger by 53.2% in the first quarter. The Manufacturers Life Insurance Company now owns 36,035 shares of the company valued at $1,234,000 after purchasing an additional 12,518 shares during the period. Ensign Peak Advisors Inc increased its position in Schrödinger shares by 70.2% in Q1. Ensign Peak Advisors Inc now owns 12,240 shares of the company worth $418,000 after acquiring an additional 5,050 shares during the period. Woodline Partners LP increased its position in Schrödinger shares by 8.1% in the 1st quarter. Woodline Partners LP now owns 108,781 shares of the company worth $3,712,000 after acquiring an additional 8,111 shares during the period. State Street Corp increased its position in Schrödinger shares by 3.7% in the first quarter. State Street Corp now owns 923,349 shares of the company worth $31,505,000 after acquiring an additional 32,595 shares during the period. Finally, Valiant Capital Management LP increased its position in Schrödinger shares by 21.4% during the 1st quarter. Valiant Capital Management LP now owns 667,857 shares of the company worth $22,787,000 after purchasing an additional 117,900 shares during the period. Hedge funds and other institutional investors own 62.31% of the company’s shares.
Schrödinger Company Profile (Get a rating)
Schrödinger, Inc, together with its subsidiaries, provides a physics-based software platform that enables the discovery of new molecules for drug development and materials applications. The Company operates in two segments, Software and Drug Discovery. The Software segment focuses on selling its software for drug discovery in the life science industry, as well as to customers in the material science industries.
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