Schrödinger (NASDAQ:SDGR) Trading Down 4.5% – What’s Next?

Schrödinger, Inc. (NASDAQ:SDGR) shares fell 4.5% during mid-day trading on Tuesday . The stock traded as low as $21.82 and last traded at $21.72. 87,582 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 745,702 shares. The stock had previously closed at $22.75.

Analyst Ratings Changes

Several research firms recently issued reports on SDGR. KeyCorp increased their price target on shares of Schrödinger from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Piper Sandler cut their target price on Schrödinger from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. One investment analyst has 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 MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $32.29.

Schrödinger Stock Down 5.9 %

The stock’s fifty day simple moving average is $22.98 and its 200-day simple moving average is $20.78. The company has a market capitalization of $1.56 billion, a PE ratio of -9.17 and a beta of 1.62.

Schrödinger (NASDAQ:SDGR) last released its quarterly earnings data on Wednesday, February 26th. The company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.20). The firm had revenue of $88.32 million during the quarter, compared to analysts’ expectations of $83.20 million. Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. Analysts expect that Schrödinger, Inc. will post -2.37 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Geoffrey Craig Porges sold 5,491 shares of Schrödinger stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $21.76, for a total transaction of $119,484.16. Following the completion of the sale, the chief financial officer now owns 27,544 shares in the company, valued at approximately $599,357.44. This trade represents a 16.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Schrödinger

Hedge funds have recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new position in shares of Schrödinger in the fourth quarter valued at approximately $27,000. Paradigm Asset Management Co. LLC purchased a new stake in Schrödinger in the 4th quarter worth approximately $50,000. GAMMA Investing LLC raised its holdings in Schrödinger by 87.5% in the 4th quarter. GAMMA Investing LLC now owns 2,796 shares of the company’s stock valued at $54,000 after acquiring an additional 1,305 shares during the last quarter. Quarry LP lifted its stake in shares of Schrödinger by 1,150.0% during the 3rd quarter. Quarry LP now owns 2,825 shares of the company’s stock worth $52,000 after purchasing an additional 2,599 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Schrödinger by 73.9% during the fourth quarter. KBC Group NV now owns 4,361 shares of the company’s stock worth $84,000 after purchasing an additional 1,853 shares during the last quarter. 79.05% of the stock is owned by institutional investors and hedge funds.

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.