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

Shares of Simulations Plus, Inc. (NASDAQ:SLP) have been assigned a consensus rating of “Hold” from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $24.40.

Several equities analysts have recently weighed in on SLP shares. TD Cowen lowered their price target on Simulations Plus from $19.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, April 10th. Zacks Research cut Simulations Plus from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Wall Street Zen raised Simulations Plus from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Weiss Ratings cut Simulations Plus from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, May 21st.

Hedge Funds Weigh In On Simulations Plus

Several hedge funds and other institutional investors have recently modified their holdings of SLP. Royal Bank of Canada lifted its holdings in shares of Simulations Plus by 26.6% during the 1st quarter. Royal Bank of Canada now owns 114,885 shares of the technology company’s stock valued at $2,817,000 after buying an additional 24,132 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Simulations Plus by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,493 shares of the technology company’s stock worth $233,000 after purchasing an additional 390 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Simulations Plus in the 1st quarter worth $255,000. Woodline Partners LP raised its holdings in Simulations Plus by 32.1% in the 1st quarter. Woodline Partners LP now owns 13,239 shares of the technology company’s stock worth $325,000 after purchasing an additional 3,220 shares during the period. Finally, Rhumbline Advisers raised its holdings in Simulations Plus by 12.2% in the 2nd quarter. Rhumbline Advisers now owns 74,325 shares of the technology company’s stock worth $1,297,000 after purchasing an additional 8,103 shares during the period. 78.08% of the stock is owned by institutional investors.

Simulations Plus Trading Up 7.5%

Shares of SLP opened at $16.71 on Friday. The business’s fifty day simple moving average is $13.74 and its two-hundred day simple moving average is $15.61. Simulations Plus has a 12 month low of $11.09 and a 12 month high of $32.51. The company has a market cap of $337.54 million, a price-to-earnings ratio of -5.34 and a beta of 1.28.

Simulations Plus (NASDAQ:SLP) last issued its earnings results on Thursday, April 9th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.27 by $0.08. The business had revenue of $24.29 million for the quarter, compared to the consensus estimate of $21.66 million. Simulations Plus had a positive return on equity of 16.21% and a negative net margin of 77.96%. As a group, research analysts forecast 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.