Schrödinger (NASDAQ:SDGR) Sets New 12-Month Low at $20.27

Schrödinger, Inc. (NASDAQ:SDGR) shares hit a new 52-week low on Monday . The company traded as low as $20.27 and last traded at $20.35, with a volume of 26300 shares. The stock had previously closed at $20.63.

Analyst Ratings Changes

A number of research firms have commented on SDGR. KeyCorp reduced their price objective on shares of Schrödinger from $38.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, February 29th. The Goldman Sachs Group reduced their price target on shares of Schrödinger from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, March 1st. Citigroup lowered their price objective on shares of Schrödinger from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Piper Sandler reduced their target price on Schrödinger from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, February 29th. Finally, Craig Hallum cut their target price on shares of Schrödinger from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.89.

Schrödinger Stock Down 2.9 %

The stock has a market cap of $1.40 billion, a P/E ratio of -10.46 and a beta of 1.54. The firm’s 50-day moving average is $23.30 and its two-hundred day moving average is $27.22.

Schrödinger (NASDAQ:SDGR) last announced its quarterly earnings results on Wednesday, May 1st. The company reported ($0.76) EPS for the quarter, hitting the consensus estimate of ($0.76). Schrödinger had a negative net margin of 75.94% and a negative return on equity of 29.25%. The company had revenue of $36.60 million for the quarter, compared to analyst estimates of $41.23 million. Analysts anticipate that Schrödinger, Inc. will post -2.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Schrödinger

Institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new stake in Schrödinger in the 1st quarter worth approximately $263,000. Iron Triangle Partners LP lifted its stake in shares of Schrödinger by 84.2% in the first quarter. Iron Triangle Partners LP now owns 863,323 shares of the company’s stock worth $23,310,000 after buying an additional 394,738 shares during the last quarter. EntryPoint Capital LLC boosted its holdings in shares of Schrödinger by 651.0% during the 1st quarter. EntryPoint Capital LLC now owns 15,853 shares of the company’s stock worth $428,000 after buying an additional 13,742 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in Schrödinger by 5.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 68,995 shares of the company’s stock valued at $1,861,000 after buying an additional 3,410 shares during the last quarter. Finally, UniSuper Management Pty Ltd acquired a new position in Schrödinger during the 1st quarter worth $492,000. 79.05% of the stock is currently owned by institutional investors.

Schrödinger Company Profile

Schrödinger, Inc, together with its subsidiaries, develops physics-based computational platform that enables discovery of novel molecules for drug development and materials applications. The company operates in two segments, Software and Drug Discovery. The Software segment is focused on licensing its software to transform molecular discovery for life sciences and materials science industries.