Simulations Plus (NASDAQ:SLP) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Simulations Plus (NASDAQ:SLP) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Several other brokerages have also weighed in on SLP. Citigroup restated a “market perform” rating on shares of Simulations Plus in a report on Tuesday, January 6th. BTIG Research cut shares of Simulations Plus from a “buy” rating to a “neutral” rating in a research report on Thursday, December 18th. Zacks Research downgraded Simulations Plus from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, TD Cowen restated a “hold” rating on shares of Simulations Plus in a research report on Thursday, January 8th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Simulations Plus presently has an average rating of “Hold” and a consensus target price of $25.00.

Simulations Plus Stock Down 0.3%

Shares of SLP stock opened at $11.67 on Friday. The firm has a market cap of $235.15 million, a price-to-earnings ratio of -3.65 and a beta of 1.17. Simulations Plus has a 12 month low of $11.16 and a 12 month high of $36.45. The stock has a 50-day moving average price of $14.75 and a 200 day moving average price of $16.25.

Simulations Plus (NASDAQ:SLP) last released its earnings results on Thursday, January 8th. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.05). Simulations Plus had a negative net margin of 81.66% and a positive return on equity of 14.02%. The business had revenue of $18.42 million for the quarter, compared to analyst estimates of $18.05 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. Sell-side analysts predict that Simulations Plus will post 1.09 earnings per share for the current fiscal year.

Institutional Trading of Simulations Plus

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in Simulations Plus during the second quarter worth $25,000. Quarry LP acquired a new position in shares of Simulations Plus during the 3rd quarter worth about $28,000. CWM LLC grew its holdings in shares of Simulations Plus by 3,729.1% in the 3rd quarter. CWM LLC now owns 2,106 shares of the technology company’s stock valued at $32,000 after acquiring an additional 2,051 shares in the last quarter. Farther Finance Advisors LLC bought a new position in shares of Simulations Plus in the 3rd quarter valued at about $40,000. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Simulations Plus by 343.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,983 shares of the technology company’s stock valued at $73,000 after acquiring an additional 3,084 shares during the last quarter. 78.08% of the stock is currently owned by institutional investors and hedge funds.

About Simulations Plus

Simulations Plus, Inc (NASDAQ: SLP) specializes in advanced modeling and simulation software tailored to the pharmaceutical, biotechnology and chemical industries. The company’s flagship products include ADMET Predictor, a quantitative structure-activity relationship (QSAR) tool for predicting absorption, distribution, metabolism, excretion and toxicity properties, and GastroPlus, a physiologically based pharmacokinetic (PBPK) modeling platform for simulating drug absorption and pharmacokinetics.