Schrödinger (NASDAQ:SDGR) Stock Price Expected to Rise, KeyCorp Analyst Says

Schrödinger (NASDAQ:SDGR) had its target price lifted by stock analysts at KeyCorp from $25.00 to $27.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s target price would indicate a potential upside of 8.41% from the stock’s previous close.

Separately, BMO Capital Markets lifted their price target on shares of Schrödinger from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. 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 company’s stock. According to data from MarketBeat.com, Schrödinger presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.10.

Schrödinger Trading Up 2.0 %

Shares of SDGR traded up $0.50 during midday trading on Friday, reaching $24.91. The stock had a trading volume of 606,535 shares, compared to its average volume of 887,171. Schrödinger has a one year low of $16.67 and a one year high of $33.63. The firm has a market cap of $1.81 billion, a PE ratio of -10.64 and a beta of 1.59. The firm has a 50 day simple moving average of $20.59 and a 200-day simple moving average of $20.06.

Schrödinger (NASDAQ:SDGR) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.40) by ($0.12). The company had revenue of $35.30 million during the quarter, compared to the consensus estimate of $41.25 million. Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. The firm’s revenue was down 17.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.86) earnings per share. As a group, research analysts forecast that Schrödinger will post -2.29 EPS for the current fiscal year.

Institutional Trading of Schrödinger

Several hedge funds have recently modified their holdings of SDGR. Avanza Fonder AB purchased a new stake in shares of Schrödinger during the 4th quarter worth approximately $577,000. Stephens Investment Management Group LLC boosted its stake in Schrödinger by 39.6% during the third quarter. Stephens Investment Management Group LLC now owns 1,539,870 shares of the company’s stock valued at $28,565,000 after buying an additional 436,789 shares during the period. Barclays PLC increased its holdings in shares of Schrödinger by 421.6% in the 3rd quarter. Barclays PLC now owns 107,554 shares of the company’s stock worth $1,995,000 after buying an additional 86,933 shares during the last quarter. Millennium Management LLC increased its stake in Schrödinger by 2,868.8% in the second quarter. Millennium Management LLC now owns 487,831 shares of the company’s stock valued at $9,435,000 after acquiring an additional 471,399 shares during the last quarter. Finally, State Street Corp lifted its stake in Schrödinger by 1.8% during the third quarter. State Street Corp now owns 2,155,620 shares of the company’s stock worth $39,987,000 after purchasing an additional 38,972 shares during the last quarter. Institutional investors own 79.05% of the company’s stock.

Schrödinger Company Profile

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.