Schrödinger (NASDAQ:SDGR) Stock Price Up 6.2% – Time to Buy?

by · The Cerbat Gem

Shares of Schrödinger, Inc. (NASDAQ:SDGR – Get Free Report) traded up 6.2% on Tuesday . The company traded as high as $19.13 and last traded at $19.03. 458,073 shares were traded during mid-day trading, a decline of 38% from the average session volume of 743,582 shares. The stock had previously closed at $17.92.

Wall Street Analyst Weigh In

SDGR has been the topic of several analyst reports. Leerink Partners started coverage on Schrödinger in a report on Tuesday, July 2nd. They set an “outperform” rating and a $29.00 price target on the stock. KeyCorp lowered their price objective on shares of Schrödinger from $30.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. Morgan Stanley decreased their target price on Schrödinger from $43.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 21st. Leerink Partnrs upgraded Schrödinger to a “strong-buy” rating in a research note on Tuesday, July 2nd. Finally, BMO Capital Markets decreased their price target on shares of Schrödinger from $30.00 to $25.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.60.

Get Our Latest Stock Analysis on Schrödinger

Schrödinger Stock Performance

The stock has a 50-day simple moving average of $19.29 and a 200 day simple moving average of $21.20. The stock has a market capitalization of $1.36 billion, a P/E ratio of -7.10 and a beta of 1.50.

Schrödinger (NASDAQ:SDGR – Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported ($0.74) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.85) by $0.11. The company had revenue of $47.33 million for the quarter, compared to analyst estimates of $40.19 million. Schrödinger had a negative net margin of 100.42% and a negative return on equity of 38.38%. Equities analysts predict that Schrödinger, Inc. will post -2.19 earnings per share for the current year.

Insider Buying and Selling at Schrödinger

In related news, insider Margaret Dugan sold 1,531 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $17.78, for a total transaction of $27,221.18. Following the completion of the transaction, the insider now owns 13,469 shares in the company, valued at approximately $239,478.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SDGR. Nisa Investment Advisors LLC boosted its position in shares of Schrödinger by 145.3% during the second quarter. Nisa Investment Advisors LLC now owns 1,413 shares of the company’s stock worth $27,000 after buying an additional 837 shares during the period. GAMMA Investing LLC raised its holdings in shares of Schrödinger by 49.5% in the second quarter. GAMMA Investing LLC now owns 2,124 shares of the company’s stock valued at $41,000 after purchasing an additional 703 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of Schrödinger in the second quarter valued at approximately $66,000. PNC Financial Services Group Inc. lifted its position in shares of Schrödinger by 186.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,127 shares of the company’s stock worth $76,000 after purchasing an additional 1,385 shares in the last quarter. Finally, Quest Partners LLC boosted its holdings in Schrödinger by 1,005.6% during the second quarter. Quest Partners LLC now owns 4,555 shares of the company’s stock worth $88,000 after purchasing an additional 4,143 shares during the last quarter. Institutional investors own 79.05% of the company’s stock.

About Schrödinger

(Get Free Report)

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.

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