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

Schrodinger, Inc. (NASDAQ:SDGR) hit a new 52-week low on Monday . The company traded as low as $11.11 and last traded at $11.3670, with a volume of 206897 shares trading hands. The stock had previously closed at $11.53.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SDGR shares. Bank of America upgraded shares of Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Monday, December 15th. Wall Street Zen upgraded shares of Schrodinger from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Schrodinger in a report on Friday, January 9th. TD Cowen reissued a “buy” rating on shares of Schrodinger in a report on Thursday, January 8th. Finally, UBS Group assumed coverage on Schrodinger in a research note on Wednesday, January 7th. They set a “neutral” rating and a $18.00 price objective for the company. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $24.33.

Schrodinger Trading Down 2.9%

The stock has a fifty day simple moving average of $15.95 and a two-hundred day simple moving average of $18.07. The company has a market cap of $825.10 million, a PE ratio of -4.65 and a beta of 1.57.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SDGR. Millennium Management LLC lifted its holdings in Schrodinger by 1,075.8% in the third quarter. Millennium Management LLC now owns 1,551,721 shares of the company’s stock valued at $31,128,000 after acquiring an additional 1,419,750 shares during the period. Lazard Asset Management LLC increased its holdings in Schrodinger by 65.3% in the third quarter. Lazard Asset Management LLC now owns 2,346,441 shares of the company’s stock valued at $47,070,000 after buying an additional 927,234 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Schrodinger by 24.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,554,569 shares of the company’s stock valued at $91,365,000 after acquiring an additional 904,619 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Schrodinger by 38.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,072,433 shares of the company’s stock worth $41,573,000 after acquiring an additional 577,899 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Schrodinger by 428.3% in the 2nd quarter. Bank of America Corp DE now owns 606,916 shares of the company’s stock worth $12,211,000 after acquiring an additional 492,032 shares during the period. Institutional investors and hedge funds own 79.05% of the company’s stock.

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.