Schrodinger, Inc. (NASDAQ:SDGR) Given Average Rating of “Hold” by Brokerages

Shares of Schrodinger, Inc. (NASDAQ:SDGR) have earned an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $20.50.

Several research analysts recently issued reports on the company. Weiss Ratings upgraded Schrodinger from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday. Morgan Stanley dropped their price target on Schrodinger from $19.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, May 14th. UBS Group initiated coverage on Schrodinger in a report on Friday, August 14th. They issued a “neutral” rating and a $19.00 price target for the company. Finally, Wall Street Zen upgraded Schrodinger from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 8th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in shares of Schrodinger by 722.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,374 shares of the company’s stock worth $25,000 after purchasing an additional 1,207 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Schrodinger in the fourth quarter valued at approximately $26,000. Hantz Financial Services Inc. raised its position in shares of Schrodinger by 5,025.8% in the fourth quarter. Hantz Financial Services Inc. now owns 1,589 shares of the company’s stock valued at $28,000 after buying an additional 1,558 shares during the last quarter. State of Wyoming acquired a new position in shares of Schrodinger in the second quarter valued at approximately $39,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Schrodinger during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Schrodinger Stock Performance

Schrodinger stock opened at $19.70 on Tuesday. Schrodinger has a fifty-two week low of $10.94 and a fifty-two week high of $23.02. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of -26.62 and a beta of 1.63. The stock’s fifty day moving average is $16.89 and its two-hundred day moving average is $14.15.

Schrodinger (NASDAQ:SDGR) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.49. The business had revenue of $58.89 million during the quarter, compared to the consensus estimate of $47.19 million. Schrodinger had a negative return on equity of 16.37% and a negative net margin of 20.98%.The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.65) EPS. As a group, sell-side analysts forecast that Schrodinger will post -1.89 EPS for the current fiscal year.

Schrodinger Company Profile

Schrödinger, Inc is a life sciences and materials discovery company that specializes in the application of physics-based computational platforms to accelerate drug discovery and advanced materials design. Founded in 1990 by Professor Richard A. Friesner, Schrödinger has developed a suite of proprietary software tools—such as Maestro for molecular modeling, Glide for molecular docking and Jaguar for quantum chemistry calculations—that enable scientists to predict molecular behavior with high accuracy.