Simulations Plus, Inc. (NASDAQ:SLP) Receives Average Recommendation of “Hold” from Analysts

Shares of Simulations Plus, Inc. (NASDAQ:SLP) have been given a consensus recommendation of “Hold” by the nine ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $20.90.

SLP has been the subject of a number of research analyst reports. TD Cowen dropped their price target on Simulations Plus from $19.00 to $16.00 and set a “hold” rating for the company in a research report on Friday, April 10th. Weiss Ratings upgraded Simulations Plus from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, June 5th. Craig Hallum cut Simulations Plus from a “buy” rating to a “hold” rating and set a $18.50 price target for the company. in a research report on Thursday. Wall Street Zen cut Simulations Plus from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, William Blair cut Simulations Plus from an “outperform” rating to a “market perform” rating in a research report on Wednesday.

Institutional Trading of Simulations Plus

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in Simulations Plus in the 2nd quarter worth about $25,000. Quarry LP acquired a new stake in Simulations Plus in the 3rd quarter worth about $28,000. PNC Financial Services Group Inc. boosted its stake in Simulations Plus by 59.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,485 shares of the technology company’s stock worth $53,000 after buying an additional 1,669 shares during the last quarter. Fifth Third Bancorp acquired a new stake in Simulations Plus in the 1st quarter worth about $54,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Simulations Plus by 343.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,983 shares of the technology company’s stock worth $73,000 after buying an additional 3,084 shares during the last quarter. Hedge funds and other institutional investors own 78.08% of the company’s stock.

Simulations Plus Price Performance

Shares of NASDAQ SLP opened at $18.24 on Tuesday. The stock has a fifty day moving average price of $15.34 and a 200 day moving average price of $15.60. Simulations Plus has a 1-year low of $11.09 and a 1-year high of $21.01. The company has a market cap of $368.45 million, a PE ratio of -5.83 and a beta of 1.33.

Simulations Plus (NASDAQ:SLP) last released its quarterly earnings data on Thursday, April 9th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.08. The firm had revenue of $24.29 million during the quarter, compared to analysts’ expectations of $21.66 million. Simulations Plus had a positive return on equity of 16.21% and a negative net margin of 77.96%. Analysts anticipate that Simulations Plus will post 0.85 earnings per share for the current fiscal year.

Simulations Plus Company Profile

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.