Schrodinger (NASDAQ:SDGR) Hits New 12-Month Low – Should You Sell?

Schrodinger, Inc. (NASDAQ:SDGR) reached a new 52-week low on Tuesday . The company traded as low as $13.25 and last traded at $13.38, with a volume of 476565 shares trading hands. The stock had previously closed at $14.09.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SDGR. Weiss Ratings reiterated a “sell (e+)” rating on shares of Schrodinger in a research note on Friday, January 9th. Wall Street Zen upgraded Schrodinger from a “sell” rating to a “hold” rating in a research note on Saturday. KeyCorp reduced their target price 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. Bank of America raised shares of Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a report on Monday, December 15th. Finally, TD Cowen reiterated a “buy” rating on shares of Schrodinger in a research report on Thursday, January 8th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $24.33.

Schrodinger Trading Down 5.0%

The company has a market cap of $985.70 million, a P/E ratio of -5.55 and a beta of 1.57. The firm’s 50 day moving average price is $17.43 and its 200-day moving average price is $18.95.

Schrodinger (NASDAQ:SDGR) last released its earnings results on Wednesday, November 5th. The company reported ($0.45) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.27. The firm had revenue of $54.32 million during the quarter, compared to analyst estimates of $50.51 million. Schrodinger had a negative net margin of 68.49% and a negative return on equity of 48.24%. The business’s quarterly revenue was up 53.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.87) EPS. Analysts predict that Schrodinger, Inc. will post -2.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Schrodinger

Several institutional investors have recently modified their holdings of the stock. Amalgamated Bank boosted its stake in Schrodinger by 3.9% during the 3rd quarter. Amalgamated Bank now owns 16,411 shares of the company’s stock worth $329,000 after acquiring an additional 623 shares during the last quarter. Verity Asset Management Inc. raised its holdings in Schrodinger by 1.2% in the fourth quarter. Verity Asset Management Inc. now owns 65,722 shares of the company’s stock worth $1,175,000 after purchasing an additional 798 shares during the period. Bank of Montreal Can boosted its position in shares of Schrodinger by 5.8% during the second quarter. Bank of Montreal Can now owns 15,941 shares of the company’s stock worth $321,000 after purchasing an additional 879 shares in the last quarter. Stephens Inc. AR grew its holdings in shares of Schrodinger by 9.5% in the 3rd quarter. Stephens Inc. AR now owns 10,894 shares of the company’s stock valued at $219,000 after buying an additional 944 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of Schrodinger by 347.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,284 shares of the company’s stock valued at $26,000 after buying an additional 997 shares in the last quarter. 79.05% of the stock is currently 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.