Schrödinger, Inc. (NASDAQ:SDGR - Get Free Report) shares fell 8.3% on Thursday . The company traded as low as $23.53 and last traded at $23.85. 422,116 shares were traded during trading, a decline of 56% from the average session volume of 953,197 shares. The stock had previously closed at $26.01.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on SDGR. KeyCorp lifted their price target on shares of Schrödinger from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. BMO Capital Markets lifted their price target on shares of Schrödinger from $25.00 to $28.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.11.
Get Our Latest Stock Report on SDGR
Schrödinger Stock Down 5.7 %
The stock has a market cap of $1.65 billion, a price-to-earnings ratio of -9.68 and a beta of 1.61. The business's fifty day moving average is $22.19 and its two-hundred day moving average is $20.49.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Avanza Fonder AB acquired a new position in Schrödinger during the 4th quarter worth approximately $577,000. Stephens Investment Management Group LLC grew its holdings in Schrödinger by 39.6% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,539,870 shares of the company's stock worth $28,565,000 after acquiring an additional 436,789 shares in the last quarter. Barclays PLC grew its holdings in Schrödinger by 421.6% during the 3rd quarter. Barclays PLC now owns 107,554 shares of the company's stock worth $1,995,000 after acquiring an additional 86,933 shares in the last quarter. State Street Corp grew its holdings in Schrödinger by 1.8% during the 3rd quarter. State Street Corp now owns 2,155,620 shares of the company's stock worth $39,987,000 after acquiring an additional 38,972 shares in the last quarter. Finally, Quest Partners LLC grew its holdings in Schrödinger by 861.0% during the 3rd quarter. Quest Partners LLC now owns 43,773 shares of the company's stock worth $812,000 after acquiring an additional 39,218 shares in the last quarter. Institutional investors and hedge funds own 79.05% of the company's stock.
About Schrödinger
(
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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.
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