Brokerages Set Simulations Plus, Inc. (NASDAQ:SLP) Target Price at $24.40

Simulations Plus, Inc. (NASDAQ:SLP) has received an average rating of “Hold” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $24.40.

A number of equities analysts have weighed in on SLP shares. Cowen began coverage on Simulations Plus in a research report on Tuesday, September 30th. They set a “hold” rating for the company. Citigroup restated a “market perform” rating on shares of Simulations Plus in a report on Tuesday, October 28th. BTIG Research lowered shares of Simulations Plus from a “buy” rating to a “neutral” rating in a research note on Thursday, December 18th. KeyCorp reissued a “sector weight” rating on shares of Simulations Plus in a research report on Wednesday, October 29th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Simulations Plus in a report on Wednesday, October 8th.

Institutional Investors Weigh In On Simulations Plus

A number of institutional investors and hedge funds have recently made changes to their positions in SLP. Wellington Management Group LLP acquired a new stake in shares of Simulations Plus during the 1st quarter worth about $2,458,000. Charles Schwab Investment Management Inc. raised its holdings in Simulations Plus by 16.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 166,392 shares of the technology company’s stock valued at $4,080,000 after acquiring an additional 23,139 shares during the period. Comerica Bank raised its holdings in Simulations Plus by 16.6% in the 1st quarter. Comerica Bank now owns 193,990 shares of the technology company’s stock valued at $4,757,000 after acquiring an additional 27,579 shares during the period. Versor Investments LP acquired a new stake in Simulations Plus during the second quarter worth approximately $496,000. Finally, Kopion Asset Management LLC lifted its position in Simulations Plus by 22.7% during the second quarter. Kopion Asset Management LLC now owns 156,401 shares of the technology company’s stock worth $2,729,000 after acquiring an additional 28,980 shares during the last quarter. Institutional investors own 78.08% of the company’s stock.

Simulations Plus Trading Down 2.2%

SLP stock opened at $18.76 on Tuesday. The stock has a 50-day moving average price of $18.00 and a two-hundred day moving average price of $16.27. Simulations Plus has a 1 year low of $12.39 and a 1 year high of $37.67. The stock has a market cap of $378.01 million, a PE ratio of -5.83 and a beta of 1.16.

Simulations Plus (NASDAQ:SLP) last issued its quarterly earnings results on Monday, December 1st. The technology company reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates of $0.10. The company had revenue of $17.46 million for the quarter, compared to analyst estimates of $17.41 million. Simulations Plus had a positive return on equity of 13.27% and a negative net margin of 81.74%.During the same period in the previous year, the company posted $0.06 earnings per share. On average, analysts forecast that Simulations Plus will post 1.09 earnings per share for the current fiscal 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.