Schrödinger (SDGR) Scheduled to Post Quarterly Earnings on Tuesday

Schrödinger (NASDAQ:SDGR) is scheduled to be announcing its earnings results before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.40) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Schrödinger Price Performance

Shares of Schrödinger stock traded down $0.35 during trading hours on Tuesday, hitting $17.89. The company’s stock had a trading volume of 555,445 shares, compared to its average volume of 739,802. Schrödinger has a 12 month low of $16.67 and a 12 month high of $38.00. The company has a market capitalization of $1.30 billion, a PE ratio of -6.74 and a beta of 1.50. The stock has a 50 day moving average of $18.91 and a 200 day moving average of $20.61.

Insider Activity at Schrödinger

In related news, insider Margaret Dugan sold 1,531 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $17.78, for a total value of $27,221.18. Following the completion of the transaction, the insider now owns 13,469 shares of the company’s stock, valued at $239,478.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on SDGR. Morgan Stanley dropped their target price on Schrödinger from $43.00 to $30.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 21st. KeyCorp cut their target price on shares of Schrödinger from $30.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $32.60.

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.