Schrodinger (NASDAQ:SDGR) Reaches New 52-Week Low – Here’s What Happened

Shares of Schrodinger, Inc. (NASDAQ:SDGR) reached a new 52-week low on Monday . The company traded as low as $15.71 and last traded at $15.9510, with a volume of 375022 shares trading hands. The stock had previously closed at $16.42.

Analyst Ratings Changes

Several equities research analysts have recently commented on SDGR shares. The Goldman Sachs Group began coverage on Schrodinger in a report on Monday, September 29th. They issued a “neutral” rating and a $19.00 price objective for the company. Bank of America raised shares of Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Monday, December 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of Schrodinger in a research report on Friday, January 9th. KeyCorp lowered their price objective on shares of Schrodinger from $28.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. Finally, Wall Street Zen cut shares of Schrodinger from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $24.33.

Schrodinger Stock Performance

The firm has a market cap of $1.14 billion, a P/E ratio of -6.44 and a beta of 1.54. The firm’s fifty day moving average is $17.71 and its 200 day moving average is $19.23.

Schrodinger (NASDAQ:SDGR) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.27. Schrodinger had a negative net margin of 68.49% and a negative return on equity of 48.24%. The firm had revenue of $54.32 million during the quarter, compared to the consensus estimate of $50.51 million. During the same period last year, the business posted ($0.87) earnings per share. The business’s revenue for the quarter was up 53.9% compared to the same quarter last year. As a group, equities research analysts forecast that Schrodinger, Inc. will post -2.37 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in Schrodinger by 347.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,284 shares of the company’s stock worth $26,000 after buying an additional 997 shares during the period. Bayforest Capital Ltd bought a new stake in shares of Schrodinger in the second quarter valued at about $30,000. State of Wyoming acquired a new position in shares of Schrodinger in the second quarter valued at about $39,000. Aster Capital Management DIFC Ltd grew its stake in shares of Schrodinger by 212.4% in the third quarter. Aster Capital Management DIFC Ltd now owns 1,943 shares of the company’s stock valued at $39,000 after acquiring an additional 1,321 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its position in Schrodinger by 110.4% during the third quarter. SBI Securities Co. Ltd. now owns 2,127 shares of the company’s stock worth $43,000 after acquiring an additional 1,116 shares during the period. 79.05% of the stock is owned by institutional investors and hedge funds.

About Schrodinger

Schrödinger, Inc is a life sciences and materials discovery company that specializes in the application of physics-based computational platforms to accelerate drug discovery and advanced materials design. Founded in 1990 by Professor Richard A. Friesner, Schrödinger has developed a suite of proprietary software tools—such as Maestro for molecular modeling, Glide for molecular docking and Jaguar for quantum chemistry calculations—that enable scientists to predict molecular behavior with high accuracy.