Schrodinger Inc. (NASDAQ:SDGR) shares traded -3.99% lower at $50.24 on Wall Street last session.
In accordance with the data, 9 analysts cover Schrodinger Inc. (NASDAQ:SDGR). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $86.00 and a low of $23.00, we find $60.00. Given the previous closing price of $52.33, this indicates a potential upside of 14.66 percent. SDGR stock price is now 11.99% away from the 50-day moving average and 74.60% away from the 200-day moving average. The market capitalization of the company currently stands at $3.49B.
It has been rated a hold by 3 analysts and a buy by 6. Brokers who have rated the stock have averaged $58.56 as their price target over the next twelve months.
In other news, Tran Yvonne, EVP, CLO & CPO sold 12,040 shares of the company’s stock on Jun 30. The stock was sold for $602,000 at an average price of $50.00. Upon completion of the transaction, the EVP, CLO & CPO now directly owns 12,721 shares in the company, valued at $0.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 23, EVP & Chief Technology Officer Lorton Kenneth Patrick sold 10,000 shares of the business’s stock. A total of $400,587 was realized by selling the stock at an average price of $40.06. This leaves the insider owning 47,388 shares of the company worth $2.38 million. Insiders disposed of 156,686 shares of company stock worth roughly $7.87 million over the past 1 year. A total of 6.24% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SDGR stock. A new stake in Schrodinger Inc. shares was purchased by IRON TRIANGLE PARTNERS LP during the first quarter worth $29,928,000. YONG RONG (HK) ASSET MANAGEMENT LTD invested $17,946,000 in shares of SDGR during the first quarter. In the first quarter, FORMULA GROWTH LTD acquired a new stake in Schrodinger Inc. valued at approximately $6,180,000. MILLENNIUM MANAGEMENT LLC acquired a new stake in SDGR for approximately $6,006,000. INTEGRATED ADVISORS NETWORK LLC purchased a new stake in SDGR valued at around $4,322,000 in the second quarter.
Schrodinger Inc. (NASDAQ: SDGR) opened at $50.97 on Wednesday. During the past 12 months, Schrodinger Inc. has had a low of $15.85 and a high of $59.24. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 4.90, and a quick ratio of 4.90. The fifty day moving average price for SDGR is $45.20 and a two-hundred day moving average price translates $28.91 for the stock.
According to the Health Information Services Company, earnings per share came in at $1.75, beating analysts’ expectations of $1.31 by 0.44. This compares to -$0.48 EPS in the same period last year. The net profit margin was 7.30% and return on equity was 2.90% for SDGR. The company reported revenue of $64.78 million for the quarter, compared to $48.66 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 33.12 percent. For the current quarter, analysts expect SDGR to generate $33.01M in revenue.
