Schrodinger (NASDAQ:SDGR) Trading Down 4.5% – Should You Sell?

Shares of Schrodinger, Inc. (NASDAQ:SDGR) dropped 4.5% during mid-day trading on Wednesday . The company traded as low as $20.10 and last traded at $19.90. 474,572 shares traded hands during trading, a decline of 64% from the average daily volume of 1,318,817 shares. The stock had previously closed at $20.84.

Analyst Ratings Changes

A number of brokerages recently commented on SDGR. Wall Street Zen raised Schrodinger from a “strong sell” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings upgraded Schrodinger from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 27th. UBS Group initiated coverage on Schrodinger in a research note on Friday, August 14th. They issued a “neutral” rating and a $19.00 price objective on the stock. Finally, Morgan Stanley lowered their price objective on Schrodinger from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating, three have issued 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 a consensus rating of “Hold” and a consensus price target of $20.50.

Schrodinger Trading Down 2.7%

The firm has a 50 day moving average of $17.09 and a 200-day moving average of $14.26. The company has a market cap of $1.50 billion, a P/E ratio of -27.35 and a beta of 1.69.

Schrodinger (NASDAQ:SDGR) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.49. Schrodinger had a negative return on equity of 16.37% and a negative net margin of 20.98%.The business had revenue of $58.89 million during the quarter, compared to the consensus estimate of $47.19 million. During the same period in the prior year, the company posted ($0.65) EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities analysts predict that Schrodinger, Inc. will post -1.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Schrodinger

A number of hedge funds and other institutional investors have recently modified their holdings of SDGR. EverSource Wealth Advisors LLC grew its stake in Schrodinger by 722.8% during 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 purchased a new stake in Schrodinger in the 4th quarter worth $26,000. Hantz Financial Services Inc. lifted its stake in Schrodinger by 5,025.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,589 shares of the company’s stock worth $28,000 after purchasing an additional 1,558 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Schrodinger during the 4th quarter valued at about $36,000. Finally, State of Wyoming bought a new position in shares of Schrodinger during the 2nd quarter valued at about $39,000. Institutional investors 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.