Schrödinger (NASDAQ:SDGR) Trading Down 6.7% – Time to Sell?

Schrödinger, Inc. (NASDAQ:SDGR)’s stock price dropped 6.7% during mid-day trading on Friday . The company traded as low as $18.91 and last traded at $18.94. Approximately 282,250 shares were traded during trading, a decline of 62% from the average daily volume of 746,949 shares. The stock had previously closed at $20.30.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets raised their price objective on Schrödinger from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Schrödinger presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.90.

Schrödinger Stock Performance

The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of -8.20 and a beta of 1.56. The firm has a 50-day simple moving average of $19.98 and a two-hundred day simple moving average of $20.00.

Schrödinger (NASDAQ:SDGR) last released its earnings results on Tuesday, November 12th. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.40) by ($0.12). The firm had revenue of $35.30 million during the quarter, compared to analyst estimates of $41.25 million. Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. The business’s revenue was down 17.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.86) earnings per share. As a group, equities analysts forecast that Schrödinger, Inc. will post -2.29 EPS for the current fiscal year.

Insider Activity

In other news, insider Margaret Dugan sold 1,531 shares of Schrödinger stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $17.78, for a total value of $27,221.18. Following the completion of the transaction, the insider now owns 13,469 shares in the company, valued at approximately $239,478.82. This trade represents a 10.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 8.60% of the company’s stock.

Institutional Investors Weigh In On Schrödinger

Institutional investors have recently added to or reduced their stakes in the business. KBC Group NV lifted its stake in Schrödinger by 45.4% during the third quarter. KBC Group NV now owns 2,508 shares of the company’s stock worth $47,000 after purchasing an additional 783 shares during the last quarter. Quarry LP lifted its stake in Schrödinger by 1,150.0% in the third quarter. Quarry LP now owns 2,825 shares of the company’s stock valued at $52,000 after buying an additional 2,599 shares during the last quarter. nVerses Capital LLC purchased a new stake in Schrödinger in the second quarter valued at approximately $66,000. Quest Partners LLC lifted its stake in Schrödinger by 1,005.6% in the second quarter. Quest Partners LLC now owns 4,555 shares of the company’s stock valued at $88,000 after buying an additional 4,143 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Schrödinger in the third quarter valued at approximately $102,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

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.