Schrodinger (NASDAQ:SDGR) Hits New 1-Year Low – What’s Next?

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

Analyst Ratings Changes

Several brokerages have recently commented on SDGR. TD Cowen reaffirmed a “buy” rating on shares of Schrodinger in a research report on Thursday, January 8th. UBS Group initiated coverage on Schrodinger in a research report on Wednesday, January 7th. They set a “neutral” rating and a $18.00 price objective for the company. KeyCorp dropped their target price on Schrodinger from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Wall Street Zen lowered shares of Schrodinger from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Schrodinger in a research report on Friday, January 9th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Schrodinger has an average rating of “Hold” and an average target price of $24.33.

Schrodinger Stock Performance

The company has a market cap of $1.07 billion, a price-to-earnings ratio of -6.05 and a beta of 1.54. The company’s 50 day moving average price is $17.59 and its 200 day moving average price is $19.11.

Schrodinger (NASDAQ:SDGR) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($0.45) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.27. The business 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%. Schrodinger’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. On average, equities research analysts forecast that Schrodinger, Inc. will post -2.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Rubric Capital Management LP grew its holdings in Schrodinger by 5.4% during the third quarter. Rubric Capital Management LP now owns 5,268,817 shares of the company’s stock valued at $105,692,000 after purchasing an additional 268,817 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Schrodinger by 3.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,714,767 shares of the company’s stock worth $84,300,000 after buying an additional 160,198 shares during the period. Amova Asset Management Americas Inc. grew its stake in Schrodinger by 1.8% in the 3rd quarter. Amova Asset Management Americas Inc. now owns 2,638,935 shares of the company’s stock valued at $52,937,000 after buying an additional 47,443 shares during the last quarter. Nikko Asset Management Americas Inc. raised its holdings in Schrodinger by 7.2% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 2,591,492 shares of the company’s stock worth $52,089,000 after acquiring an additional 174,684 shares during the period. Finally, Lazard Asset Management LLC lifted its position in Schrodinger by 65.3% during the 3rd quarter. Lazard Asset Management LLC now owns 2,346,441 shares of the company’s stock worth $47,070,000 after acquiring an additional 927,234 shares during the last quarter. 79.05% of the stock is owned by institutional investors.

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.