Simulations Plus, Inc. (NASDAQ:SLP) Given Average Recommendation of “Hold” by Brokerages

Shares of Simulations Plus, Inc. (NASDAQ:SLP) have been given a consensus recommendation of “Hold” by the ten brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $25.00.

Several brokerages recently issued reports on SLP. Wall Street Zen upgraded Simulations Plus from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. TD Cowen reiterated a “hold” rating on shares of Simulations Plus in a report on Thursday, January 8th. Citigroup reissued a “market perform” rating on shares of Simulations Plus in a research report on Tuesday, January 6th. BTIG Research downgraded Simulations Plus from a “buy” rating to a “neutral” rating in a research report on Thursday, December 18th. Finally, Zacks Research lowered Simulations Plus from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd.

Institutional Investors Weigh In On Simulations Plus

Several hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Simulations Plus in the second quarter valued at approximately $25,000. Quarry LP acquired a new stake in Simulations Plus during the third quarter worth approximately $28,000. CWM LLC boosted its position in 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 last quarter. Farther Finance Advisors LLC purchased a new stake in Simulations Plus in the 3rd quarter worth approximately $40,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings 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 valued at $73,000 after acquiring an additional 3,084 shares during the last quarter. 78.08% of the stock is owned by institutional investors and hedge funds.

Simulations Plus Trading Up 1.2%

NASDAQ:SLP opened at $11.96 on Thursday. The firm has a 50-day moving average price of $13.41 and a two-hundred day moving average price of $16.10. Simulations Plus has a twelve month low of $11.09 and a twelve month high of $36.45. The company has a market capitalization of $240.99 million, a P/E ratio of -3.74 and a beta of 1.18.

Simulations Plus (NASDAQ:SLP) last announced its quarterly earnings results on Thursday, January 8th. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $18.05 million. During the same period last year, the company earned $0.17 EPS. On average, equities research analysts predict that Simulations Plus will post 1.09 earnings per share for the current year.

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.