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

Simulations Plus, Inc. (NASDAQ:SLP) has earned a consensus rating of “Hold” from the nine brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $21.50.

A number of research firms have recently weighed in on SLP. Weiss Ratings raised shares of Simulations Plus from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, June 5th. TD Cowen decreased their target price on shares of Simulations Plus from $19.00 to $16.00 and set a “hold” rating on the stock in a research report on Friday, April 10th. Finally, Wall Street Zen cut shares of Simulations Plus from a “buy” rating to a “hold” rating in a research note on Saturday.

Institutional Investors Weigh In On Simulations Plus

Hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Simulations Plus by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,493 shares of the technology company’s stock valued at $233,000 after purchasing an additional 390 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Simulations Plus by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 63,592 shares of the technology company’s stock worth $752,000 after buying an additional 844 shares during the period. Deutsche Bank AG boosted its stake in Simulations Plus by 5.9% in the 4th quarter. Deutsche Bank AG now owns 15,825 shares of the technology company’s stock worth $288,000 after buying an additional 875 shares during the last quarter. Prudential Financial Inc. grew its holdings in Simulations Plus by 5.7% in the 2nd quarter. Prudential Financial Inc. now owns 17,213 shares of the technology company’s stock valued at $300,000 after buying an additional 930 shares during the period. Finally, Invesco Ltd. grew its holdings in Simulations Plus by 3.8% in the 2nd quarter. Invesco Ltd. now owns 36,452 shares of the technology company’s stock valued at $636,000 after buying an additional 1,323 shares during the period. Hedge funds and other institutional investors own 78.08% of the company’s stock.

Simulations Plus Trading Up 0.3%

Simulations Plus stock opened at $16.37 on Tuesday. The stock has a 50-day moving average price of $14.88 and a 200 day moving average price of $15.56. Simulations Plus has a 52 week low of $11.09 and a 52 week high of $21.01. The stock has a market cap of $330.67 million, a PE ratio of -5.23 and a beta of 1.32.

Simulations Plus (NASDAQ:SLP) last released its earnings results on Thursday, April 9th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. Simulations Plus had a negative net margin of 77.96% and a positive return on equity of 16.21%. The company had revenue of $24.29 million for the quarter, compared to analyst estimates of $21.66 million. On average, equities analysts predict that Simulations Plus will post 0.85 EPS for the current 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.