Schrödinger (NASDAQ:SDGR) Announces Quarterly Earnings Results

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

Schrödinger Stock Up 3.1 %

Shares of Schrödinger stock traded up $0.65 during trading on Wednesday, hitting $21.70. 1,086,340 shares of the company were exchanged, compared to its average volume of 1,002,940. Schrödinger has a fifty-two week low of $16.67 and a fifty-two week high of $33.63. The firm has a 50 day moving average price of $22.19 and a 200 day moving average price of $20.55. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of -9.27 and a beta of 1.61.

Analysts Set New Price Targets

SDGR has been the subject of several recent analyst reports. KeyCorp raised 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 target price 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 equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.11.

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.