Schrodinger (NASDAQ:SDGR) Stock Price Down 5.9% – Should You Sell?

Schrodinger, Inc. (NASDAQ:SDGR)’s stock price was down 5.9% during trading on Tuesday . The company traded as low as $16.11 and last traded at $16.3590. Approximately 1,585,185 shares changed hands during mid-day trading, an increase of 13% from the average daily volume of 1,402,158 shares. The stock had previously closed at $17.39.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. KeyCorp lowered their price objective on Schrodinger from $25.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Morgan Stanley decreased their target price on Schrodinger from $19.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, May 14th. Wall Street Zen downgraded Schrodinger from a “hold” rating to a “strong sell” rating in a report on Saturday, May 9th. Finally, UBS Group dropped their price target on Schrodinger from $18.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 17th. Four 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $20.25.

Schrodinger Trading Up 2.2%

The firm has a market cap of $1.24 billion, a P/E ratio of -11.87 and a beta of 1.62. The business’s 50-day moving average is $13.93 and its two-hundred day moving average is $14.11.

Schrodinger (NASDAQ:SDGR) last issued its earnings results on Tuesday, May 5th. The company reported ($0.81) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.25). Schrodinger had a negative return on equity of 30.85% and a negative net margin of 40.61%.The business had revenue of $58.59 million during the quarter, compared to the consensus estimate of $47.57 million. During the same period in the prior year, the business earned ($0.82) EPS. The business’s revenue was down 1.6% on a year-over-year basis. On average, analysts anticipate that Schrodinger, Inc. will post -1.89 earnings per share for the current year.

Insider Buying and Selling at Schrodinger

In related news, CEO Ramy Farid sold 43,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $12.33, for a total value of $530,190.00. Following the sale, the chief executive officer owned 330,824 shares of the company’s stock, valued at approximately $4,079,059.92. This trade represents a 11.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 10.10% of the company’s stock.

Institutional Investors Weigh In On Schrodinger

Several large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its position in shares of Schrodinger by 722.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,374 shares of the company’s stock worth $25,000 after acquiring an additional 1,207 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Schrodinger in the 4th quarter valued at about $26,000. Hantz Financial Services Inc. boosted its stake in Schrodinger by 5,025.8% during 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 period. State of Wyoming acquired a new position in Schrodinger during the 2nd quarter valued at about $39,000. Finally, Aster Capital Management DIFC Ltd grew its position in Schrodinger by 212.4% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 1,943 shares of the company’s stock worth $39,000 after purchasing an additional 1,321 shares during the last quarter. 79.05% of the stock is owned by institutional investors and hedge funds.

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.