Schrodinger (NASDAQ:SDGR) Trading Down 5.2% – Here’s Why

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SDGR shares. The Goldman Sachs Group initiated coverage on Schrodinger in a research report on Monday, September 29th. They set a “neutral” rating and a $19.00 price objective on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Schrodinger in a report on Friday, January 9th. Wall Street Zen downgraded Schrodinger from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. UBS Group began coverage on shares of Schrodinger in a research note on Wednesday, January 7th. They set a “neutral” rating and a $18.00 price objective for the company. Finally, TD Cowen reduced their target price on shares of Schrodinger from $33.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Six equities research 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.33.

Schrodinger Price Performance

The firm has a market capitalization of $1.24 billion, a P/E ratio of -6.97 and a beta of 1.54. The firm has a 50-day moving average price of $17.83 and a two-hundred day moving average price of $19.40.

Schrodinger (NASDAQ:SDGR) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.45) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.27. The company had revenue of $54.32 million for the quarter, compared to the consensus estimate of $50.51 million. Schrodinger had a negative net margin of 68.49% and a negative return on equity of 48.24%. The firm’s revenue was up 53.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.87) EPS. Sell-side analysts predict that Schrodinger, Inc. will post -2.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Perigon Wealth Management LLC increased its holdings in Schrodinger by 38.9% during the 4th quarter. Perigon Wealth Management LLC now owns 20,705 shares of the company’s stock worth $370,000 after purchasing an additional 5,803 shares during the period. Tema Etfs LLC grew its position in shares of Schrodinger by 19.2% during the 4th quarter. Tema Etfs LLC now owns 20,073 shares of the company’s stock worth $359,000 after buying an additional 3,240 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Schrodinger by 39.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 15,466 shares of the company’s stock valued at $277,000 after buying an additional 4,350 shares during the period. SG Americas Securities LLC raised its holdings in shares of Schrodinger by 70.9% in the 4th quarter. SG Americas Securities LLC now owns 65,151 shares of the company’s stock valued at $1,165,000 after purchasing an additional 27,023 shares in the last quarter. Finally, Tudor Investment Corp ET AL raised its holdings in shares of Schrodinger by 2,530.6% in the 3rd quarter. Tudor Investment Corp ET AL now owns 336,379 shares of the company’s stock valued at $6,748,000 after purchasing an additional 323,592 shares in the last quarter. 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.