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

Shares of Simulations Plus, Inc. (NASDAQ:SLP) have been assigned a consensus rating of “Hold” from the eleven brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $24.40.

Several research analysts have recently weighed in on SLP shares. Citigroup restated a “market perform” rating on shares of Simulations Plus in a research note on Tuesday, October 28th. Zacks Research raised Simulations Plus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. TD Cowen assumed coverage on Simulations Plus in a research note on Tuesday, September 30th. They issued a “hold” rating and a $16.00 price objective on the stock. KeyCorp reiterated a “sector weight” rating on shares of Simulations Plus in a research note on Wednesday, October 29th. Finally, Cowen started coverage on Simulations Plus in a research note on Tuesday, September 30th. They issued a “hold” rating on the stock.

Simulations Plus Trading Up 3.1%

NASDAQ SLP opened at $19.34 on Tuesday. Simulations Plus has a 12 month low of $12.39 and a 12 month high of $37.67. The stock has a 50 day moving average of $17.71 and a 200-day moving average of $16.42. The company has a market cap of $389.70 million, a PE ratio of -6.01 and a beta of 1.16.

Simulations Plus (NASDAQ:SLP) last posted its quarterly earnings results on Monday, December 1st. The technology company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. The firm had revenue of $17.46 million for the quarter, compared to analyst estimates of $17.41 million. Simulations Plus had a negative net margin of 81.74% and a positive return on equity of 13.27%. During the same period in the prior year, the firm posted $0.06 earnings per share. As a group, sell-side analysts predict that Simulations Plus will post 1.09 EPS for the current fiscal year.

Institutional Trading of Simulations Plus

Hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in Simulations Plus in the 2nd quarter valued at about $25,000. Quarry LP bought a new stake in shares of Simulations Plus during the third quarter worth approximately $28,000. CWM LLC boosted its holdings in shares of Simulations Plus by 3,729.1% during the third quarter. CWM LLC now owns 2,106 shares of the technology company’s stock worth $32,000 after acquiring an additional 2,051 shares during the period. Farther Finance Advisors LLC acquired a new position in shares of Simulations Plus in the third quarter valued at approximately $40,000. Finally, AlphaQuest LLC bought a new position in shares of Simulations Plus during the second quarter worth approximately $69,000. Institutional investors and hedge funds own 78.08% of the company’s stock.

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.