Simulations Plus, Inc. (NASDAQ:SLP) Receives $25.00 Consensus PT from Brokerages

by · The Markets Daily

Shares of Simulations Plus, Inc. (NASDAQ:SLP – Get Free Report) have received an average recommendation of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $25.00.

Several analysts have commented on SLP shares. Weiss Ratings restated a “sell (d-)” rating on shares of Simulations Plus in a research note on Wednesday, October 8th. Cowen reaffirmed a “hold” rating on shares of Simulations Plus in a report on Thursday, January 8th. KeyCorp restated a “sector weight” rating on shares of Simulations Plus in a research report on Wednesday, October 29th. Zacks Research upgraded Simulations Plus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, BTIG Research lowered shares of Simulations Plus from a “buy” rating to a “neutral” rating in a report on Thursday, December 18th.

Get Our Latest Stock Analysis on Simulations Plus

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. North Star Investment Management Corp. boosted its position in Simulations Plus by 195.6% during the third quarter. North Star Investment Management Corp. now owns 168,130 shares of the technology company’s stock worth $2,534,000 after acquiring an additional 111,255 shares during the last quarter. Tributary Capital Management LLC raised its stake in shares of Simulations Plus by 214.7% in the 3rd quarter. Tributary Capital Management LLC now owns 1,136,980 shares of the technology company’s stock valued at $17,134,000 after acquiring an additional 775,704 shares during the period. Versor Investments LP purchased a new stake in shares of Simulations Plus in the second quarter worth about $496,000. Prescott Group Capital Management L.L.C. purchased a new position in shares of Simulations Plus in the second quarter valued at $1,396,000. Finally, Stephens Investment Management Group LLC purchased a new position in Simulations Plus in the 2nd quarter valued at about $4,687,000. Institutional investors and hedge funds own 78.08% of the company’s stock.

Simulations Plus Price Performance

Shares of SLP opened at $20.33 on Friday. The firm has a market capitalization of $409.65 million, a price-to-earnings ratio of -6.35 and a beta of 1.09. The company has a 50-day moving average of $18.59 and a 200 day moving average of $16.33. Simulations Plus has a 1-year low of $12.39 and a 1-year high of $37.67.

Simulations Plus (NASDAQ:SLP – Get Free Report) last announced its earnings results on Thursday, January 8th. The technology company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.05). The firm had revenue of $18.42 million during the quarter, compared to the consensus estimate of $18.05 million. Simulations Plus had a positive return on equity of 14.02% and a negative net margin of 81.66%.During the same quarter in the prior year, the firm posted $0.17 earnings per share. On average, equities analysts anticipate that Simulations Plus will post 1.09 earnings per share for the current fiscal year.

About Simulations Plus

(Get Free Report)

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.

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