Schrodinger (NASDAQ:SDGR) Reaches New 52-Week Low – Should You Sell?

Schrodinger, Inc. (NASDAQ:SDGR)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $11.15 and last traded at $11.2580, with a volume of 449661 shares. The stock had previously closed at $11.40.

Analyst Ratings Changes

A number of brokerages have recently commented on SDGR. KeyCorp reduced their target price on shares of Schrodinger from $28.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of Schrodinger in a research note on Friday, January 9th. Wall Street Zen raised Schrodinger from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. UBS Group started coverage on Schrodinger in a research report on Wednesday, January 7th. They set a “neutral” rating and a $18.00 price objective on the stock. Finally, Bank of America upgraded Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a report on Monday, December 15th. Five 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. According to MarketBeat.com, Schrodinger currently has an average rating of “Hold” and an average price target of $24.33.

Schrodinger Trading Up 2.0%

The company has a fifty day moving average of $16.45 and a 200-day moving average of $18.29. The stock has a market cap of $856.78 million, a PE ratio of -4.83 and a beta of 1.57.

Institutional Investors Weigh In On Schrodinger

Large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its position in Schrodinger by 722.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,374 shares of the company’s stock valued at $25,000 after buying an additional 1,207 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Schrodinger in the fourth quarter valued at $26,000. Hantz Financial Services Inc. raised its stake in shares of Schrodinger by 5,025.8% in the fourth quarter. Hantz Financial Services Inc. now owns 1,589 shares of the company’s stock valued at $28,000 after acquiring an additional 1,558 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Schrodinger in the fourth quarter valued at $36,000. Finally, Aster Capital Management DIFC Ltd grew its stake in Schrodinger by 212.4% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 1,943 shares of the company’s stock worth $39,000 after purchasing an additional 1,321 shares in the last quarter. 79.05% of the stock is owned by hedge funds and other institutional investors.

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.