Schrödinger (NASDAQ:SDGR) Hits New 12-Month Low at $17.99

Schrödinger, Inc. (NASDAQ:SDGR)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $17.99 and last traded at $18.10, with a volume of 70524 shares. The stock had previously closed at $18.55.

Analyst Ratings Changes

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

Schrödinger Trading Down 3.2 %

The firm’s 50 day moving average price is $20.27 and its two-hundred day moving average price is $22.11. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of -9.87 and a beta of 1.51.

Schrödinger (NASDAQ:SDGR) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.74) EPS for the quarter, topping analysts’ consensus estimates of ($0.85) by $0.11. The business had revenue of $47.33 million during the quarter, compared to analysts’ expectations of $40.19 million. Schrödinger had a negative return on equity of 38.38% and a negative net margin of 100.42%. As a group, equities research analysts predict that Schrödinger, Inc. will post -2.19 EPS for the current year.

Institutional Investors Weigh In On Schrödinger

A number of large investors have recently added to or reduced their stakes in SDGR. Nisa Investment Advisors LLC lifted its position 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 acquiring an additional 837 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Schrödinger by 49.5% during the second quarter. GAMMA Investing LLC now owns 2,124 shares of the company’s stock worth $41,000 after purchasing an additional 703 shares during the period. nVerses Capital LLC bought a new position in shares of Schrödinger during the second quarter worth approximately $66,000. PNC Financial Services Group Inc. lifted its holdings in Schrödinger by 186.7% during the 4th 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 during the last quarter. Finally, Quest Partners LLC boosted its stake in Schrödinger by 1,005.6% in the 2nd 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. Institutional investors own 79.05% of the company’s stock.

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.