Schrodinger (NASDAQ:SDGR) Sets New 1-Year Low – Here’s What Happened

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

Analysts Set New Price Targets

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

Schrodinger Price Performance

The company’s 50 day simple moving average is $16.45 and its 200 day simple moving average is $18.29. The company has a market capitalization of $856.78 million, a PE ratio of -4.83 and a beta of 1.57.

Institutional Investors Weigh In On Schrodinger

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

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.