Schrodinger (NASDAQ:SDGR) Reaches New 52-Week Low – What’s Next?

Schrodinger, Inc. (NASDAQ:SDGR) reached a new 52-week low on Wednesday . The stock traded as low as $12.70 and last traded at $12.7410, with a volume of 399173 shares changing hands. The stock had previously closed at $13.63.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SDGR. Bank of America raised 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. Weiss Ratings restated a “sell (e+)” rating on shares of Schrodinger in a report on Friday, January 9th. UBS Group began coverage on shares of Schrodinger in a research report on Wednesday, January 7th. They set a “neutral” rating and a $18.00 target price on the stock. Wall Street Zen raised shares of Schrodinger from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, KeyCorp cut their price objective on shares of Schrodinger from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $24.33.

Schrodinger Price Performance

The stock’s fifty day simple moving average is $16.71 and its 200-day simple moving average is $18.47. The firm has a market cap of $839.84 million, a PE ratio of -4.73 and a beta of 1.57.

Institutional Trading of Schrodinger

Several institutional investors and hedge funds have recently bought and sold shares of the business. Amalgamated Bank grew its position in Schrodinger by 3.9% during the third quarter. Amalgamated Bank now owns 16,411 shares of the company’s stock valued at $329,000 after buying an additional 623 shares during the period. Verity Asset Management Inc. grew its position in shares of Schrodinger by 1.2% during the 4th quarter. Verity Asset Management Inc. now owns 65,722 shares of the company’s stock valued at $1,175,000 after acquiring an additional 798 shares during the period. Bank of Montreal Can increased its stake in shares of Schrodinger by 5.8% in the 2nd quarter. Bank of Montreal Can now owns 15,941 shares of the company’s stock valued at $321,000 after purchasing an additional 879 shares in the last quarter. Handelsbanken Fonder AB increased its stake in shares of Schrodinger by 6.3% in the 4th quarter. Handelsbanken Fonder AB now owns 15,200 shares of the company’s stock valued at $272,000 after purchasing an additional 900 shares in the last quarter. Finally, Stephens Inc. AR raised its holdings in Schrodinger by 9.5% in the 3rd quarter. Stephens Inc. AR now owns 10,894 shares of the company’s stock worth $219,000 after purchasing an additional 944 shares during the period. 79.05% of the stock is currently owned by institutional investors and hedge funds.

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.