Schrodinger (NASDAQ:SDGR) Shares Down 5.2% – What’s Next?

Schrodinger, Inc. (NASDAQ:SDGR)’s share price dropped 5.2% during trading on Thursday . The company traded as low as $17.80 and last traded at $17.3730. Approximately 50,066 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 767,937 shares. The stock had previously closed at $18.33.

Wall Street Analyst Weigh In

SDGR has been the topic of a number of analyst reports. UBS Group assumed coverage on shares of Schrodinger in a research report on Wednesday, January 7th. They issued a “neutral” rating and a $18.00 price objective on the stock. KeyCorp lowered their target price on shares of Schrodinger from $28.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Schrodinger in a report on Friday, January 9th. Cowen reiterated a “buy” rating on shares of Schrodinger in a report on Thursday, January 8th. Finally, TD Cowen lowered their price objective on Schrodinger from $33.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $24.33.

Schrodinger Price Performance

The business’s fifty day moving average price is $17.88 and its two-hundred day moving average price is $19.44. The stock has a market capitalization of $1.30 billion, a PE ratio of -7.32 and a beta of 1.54.

Schrodinger (NASDAQ:SDGR) last issued its quarterly 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 company had revenue of $54.32 million during the quarter, compared to analysts’ expectations of $50.51 million. Schrodinger had a negative return on equity of 48.24% and a negative net margin of 68.49%.The firm’s revenue was up 53.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.87) EPS. As a group, equities research analysts anticipate that Schrodinger, Inc. will post -2.37 earnings per share for the current fiscal year.

Institutional Trading of Schrodinger

Several institutional investors and hedge funds have recently bought and sold shares of SDGR. Farther Finance Advisors LLC lifted its position in Schrodinger by 347.4% during the second quarter. Farther Finance Advisors LLC now owns 1,284 shares of the company’s stock valued at $26,000 after purchasing an additional 997 shares during the period. Bayforest Capital Ltd purchased a new position in shares of Schrodinger during the 2nd quarter valued at about $30,000. Aster Capital Management DIFC Ltd lifted its holdings in shares of Schrodinger by 212.4% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 1,943 shares of the company’s stock valued at $39,000 after buying an additional 1,321 shares during the period. State of Wyoming purchased a new stake in shares of Schrodinger in the second quarter worth about $39,000. Finally, SBI Securities Co. Ltd. boosted its stake in shares of Schrodinger by 110.4% in the third quarter. SBI Securities Co. Ltd. now owns 2,127 shares of the company’s stock worth $43,000 after buying an additional 1,116 shares during 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.