Analysts Set Simulations Plus, Inc. (NASDAQ:SLP) Price Target at $25.00

Shares of Simulations Plus, Inc. (NASDAQ:SLP) have been given an average rating of “Hold” by the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $25.00.

A number of equities analysts recently issued reports on SLP shares. TD Cowen reaffirmed a “hold” rating on shares of Simulations Plus in a research report on Thursday, January 8th. BTIG Research lowered shares of Simulations Plus from a “buy” rating to a “neutral” rating in a research report on Thursday, December 18th. Citigroup reaffirmed a “market perform” rating on shares of Simulations Plus in a research report on Tuesday, January 6th. Zacks Research cut shares of Simulations Plus from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, KeyCorp reissued a “sector weight” rating on shares of Simulations Plus in a research report on Wednesday, October 29th.

Simulations Plus Stock Performance

NASDAQ SLP opened at $12.10 on Wednesday. The stock has a 50-day simple moving average of $17.90 and a 200 day simple moving average of $16.58. Simulations Plus has a twelve month low of $11.76 and a twelve month high of $37.55. The stock has a market capitalization of $243.82 million, a PE ratio of -3.78 and a beta of 1.12.

Simulations Plus (NASDAQ:SLP) last released its earnings results on Thursday, January 8th. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $18.05 million. During the same period last year, the business earned $0.17 EPS. As a group, equities research analysts forecast that Simulations Plus will post 1.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Simulations Plus by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,493 shares of the technology company’s stock worth $233,000 after buying an additional 390 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Simulations Plus by 5.9% during the 4th quarter. Deutsche Bank AG now owns 15,825 shares of the technology company’s stock worth $288,000 after acquiring an additional 875 shares during the period. Prudential Financial Inc. boosted its position in shares of Simulations Plus by 5.7% during the 2nd quarter. Prudential Financial Inc. now owns 17,213 shares of the technology company’s stock valued at $300,000 after acquiring an additional 930 shares in the last quarter. Invesco Ltd. boosted its position in shares of Simulations Plus by 3.8% during the 2nd quarter. Invesco Ltd. now owns 36,452 shares of the technology company’s stock valued at $636,000 after acquiring an additional 1,323 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Simulations Plus in the second quarter valued at about $25,000. 78.08% of the stock is owned by institutional investors.

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.