Schrodinger (NASDAQ:SDGR) Sets New 52-Week Low – Time to Sell?

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

Analysts Set New Price Targets

Several analysts have issued reports on SDGR shares. KeyCorp reduced their price target 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. Bank of America upgraded Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Monday, December 15th. UBS Group reduced their target price on Schrodinger from $18.00 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 17th. Wall Street Zen raised Schrodinger from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Schrodinger in a report on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Schrodinger currently has a consensus rating of “Hold” and an average target price of $21.13.

Schrodinger Trading Down 4.5%

The company’s 50 day simple moving average is $13.08 and its 200 day simple moving average is $16.88. The stock has a market capitalization of $815.40 million, a PE ratio of -7.77 and a beta of 1.57.

Schrodinger (NASDAQ:SDGR) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.57. Schrodinger had a negative return on equity of 29.47% and a negative net margin of 40.37%.The business had revenue of $87.24 million for the quarter, compared to analysts’ expectations of $83.66 million. During the same quarter last year, the firm earned ($0.24) earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. As a group, analysts predict that Schrodinger, Inc. will post -2.37 EPS for the current year.

Insider Buying and Selling at Schrodinger

In related news, CEO Ramy Farid sold 3,661 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $12.91, for a total value of $47,263.51. Following the sale, the chief executive officer directly owned 330,824 shares of the company’s stock, valued at approximately $4,270,937.84. This trade represents a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 15,340 shares of company stock worth $200,605. Corporate insiders own 21.00% of the company’s stock.

Hedge Funds Weigh In On Schrodinger

Large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Schrodinger by 722.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,374 shares of the company’s stock valued at $25,000 after purchasing an additional 1,207 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Schrodinger during the 4th quarter worth $26,000. Hantz Financial Services Inc. raised its position in shares of Schrodinger by 5,025.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,589 shares of the company’s stock worth $28,000 after buying an additional 1,558 shares during the period. State of Wyoming purchased a new position in shares of Schrodinger in the 2nd quarter worth $39,000. Finally, Aster Capital Management DIFC Ltd boosted its holdings in 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 during the last quarter. Hedge funds and other 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.