Schrödinger (NASDAQ:SDGR) Hits New 1-Year Low – Should You Sell?

Schrödinger, Inc. (NASDAQ:SDGR)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $17.15 and last traded at $17.18, with a volume of 231298 shares. The stock had previously closed at $17.51.

Analysts Set New Price Targets

A number of analysts recently weighed in on SDGR shares. KeyCorp decreased their price objective on Schrödinger from $30.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. Leerink Partnrs upgraded Schrödinger to a “strong-buy” rating in a report on Tuesday, July 2nd. Leerink Partners assumed coverage on shares of Schrödinger in a research report on Tuesday, July 2nd. They set an “outperform” rating and a $29.00 target price for the company. Finally, Morgan Stanley lowered their price objective on Schrödinger from $43.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 21st. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.44.

Schrödinger Trading Up 0.6 %

The business has a 50-day moving average price of $19.68 and a two-hundred day moving average price of $21.73.

Schrödinger (NASDAQ:SDGR) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($0.74) earnings per share for the quarter, topping the consensus estimate of ($0.85) by $0.11. The firm had revenue of $47.33 million for the quarter, compared to the consensus estimate of $40.19 million. Schrödinger had a negative net margin of 100.42% and a negative return on equity of 38.38%. Research analysts predict that Schrödinger, Inc. will post -2.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SDGR. Nisa Investment Advisors LLC increased its holdings in Schrödinger by 145.3% during the second quarter. Nisa Investment Advisors LLC now owns 1,413 shares of the company’s stock worth $27,000 after buying an additional 837 shares during the last quarter. GAMMA Investing LLC increased its holdings in Schrödinger by 49.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,124 shares of the company’s stock worth $41,000 after acquiring an additional 703 shares during the last quarter. nVerses Capital LLC bought a new position in Schrödinger during the second quarter worth about $66,000. PNC Financial Services Group Inc. increased its stake in shares of Schrödinger by 186.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,127 shares of the company’s stock worth $76,000 after purchasing an additional 1,385 shares in the last quarter. Finally, Quest Partners LLC raised its position in shares of Schrödinger by 1,005.6% in the second quarter. Quest Partners LLC now owns 4,555 shares of the company’s stock valued at $88,000 after purchasing an additional 4,143 shares during the period. Hedge funds and other institutional investors own 79.05% of the company’s stock.

About Schrödinger

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.