Schrödinger (NASDAQ:SDGR) Issues Earnings Results

Schrödinger (NASDAQ:SDGR) released its quarterly earnings results on Wednesday. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.20), Zacks reports. Schrödinger had a negative return on equity of 35.77% and a negative net margin of 91.84%.

Schrödinger Price Performance

NASDAQ SDGR traded up $0.65 during mid-day trading on Wednesday, hitting $21.70. The company’s stock had a trading volume of 1,086,340 shares, compared to its average volume of 1,002,940. Schrödinger has a 52-week low of $16.67 and a 52-week high of $33.63. The stock’s fifty day simple moving average is $22.19 and its two-hundred day simple moving average is $20.55. The firm has a market capitalization of $1.58 billion, a P/E ratio of -9.27 and a beta of 1.61.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SDGR shares. KeyCorp upped their price objective on shares of Schrödinger from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. BMO Capital Markets increased their price target on Schrödinger from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.11.

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.