Schrodinger (NASDAQ:SDGR) Hits New 1-Year Low – Here’s Why

Schrodinger, Inc. (NASDAQ:SDGR)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $11.04 and last traded at $11.0280, with a volume of 357962 shares traded. The stock had previously closed at $11.57.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SDGR shares. Bank of America raised Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Monday, December 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of Schrodinger in a research report on Friday, January 9th. Wall Street Zen raised shares of Schrodinger from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. TD Cowen reiterated a “buy” rating on shares of Schrodinger in a research note on Thursday, January 8th. Finally, 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 report on Thursday, January 8th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $21.13.

Schrodinger Stock Down 4.5%

The firm has a 50 day moving average price of $13.08 and a two-hundred day moving average price of $16.88. The company has a market capitalization of $815.40 million, a price-to-earnings ratio of -7.77 and a beta of 1.57.

Schrodinger (NASDAQ:SDGR) last announced its earnings results on Wednesday, February 25th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.57. The company had revenue of $87.24 million for the quarter, compared to analyst estimates of $83.66 million. Schrodinger had a negative return on equity of 29.47% and a negative net margin of 40.37%.Schrodinger’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.24) EPS. Analysts predict that Schrodinger, Inc. will post -2.37 earnings per share for the current year.

Insider Transactions at Schrodinger

In other Schrodinger news, CEO Ramy Farid sold 3,661 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $12.91, for a total transaction of $47,263.51. Following the sale, the chief executive officer owned 330,824 shares in the company, valued at $4,270,937.84. This represents a 1.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 15,340 shares of company stock worth $200,605 in the last 90 days. Corporate insiders own 21.00% of the company’s stock.

Institutional Trading of Schrodinger

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Schrodinger by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 6,464,426 shares of the company’s stock valued at $115,584,000 after purchasing an additional 125,349 shares during the last quarter. Rubric Capital Management LP lifted its position in shares of Schrodinger by 5.4% in the 3rd quarter. Rubric Capital Management LP now owns 5,268,817 shares of the company’s stock worth $105,692,000 after buying an additional 268,817 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Schrodinger by 3.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,714,767 shares of the company’s stock valued at $84,300,000 after buying an additional 160,198 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Schrodinger by 12.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,717,890 shares of the company’s stock valued at $66,476,000 after buying an additional 414,231 shares during the last quarter. Finally, Amova Asset Management Americas Inc. grew its position in shares of Schrodinger by 6.8% during the 4th quarter. Amova Asset Management Americas Inc. now owns 2,819,670 shares of the company’s stock valued at $50,359,000 after buying an additional 180,735 shares during the last quarter. Institutional investors own 79.05% of the company’s stock.

Schrodinger Company Profile

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.