Simulations Plus, Inc. (NASDAQ:SLP) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Simulations Plus, Inc. has received an average rating of "Moderate Buy" from brokerages, with a target price of $26.50 among analysts.
• The company reported earnings of $0.45 per share for the recent quarter, exceeding estimates by $0.19, but revenue fell short of expectations.
• Major institutional investors have significantly increased their stakes in Simulations Plus, with Osaic Holdings Inc. growing its holdings by a remarkable 11,780.3% in the last quarter.

Shares of Simulations Plus, Inc. (NASDAQ:SLP - Get Free Report) have received an average recommendation of "Moderate Buy" from the seven brokerages that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $26.50.

A number of research analysts recently weighed in on SLP shares. Craig Hallum decreased their target price on Simulations Plus from $45.00 to $36.00 and set a "buy" rating on the stock in a report on Friday, June 13th. BTIG Research decreased their target price on Simulations Plus from $41.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, July 7th. Stephens decreased their target price on Simulations Plus from $28.00 to $20.00 and set an "overweight" rating on the stock in a report on Tuesday, July 15th. William Blair reissued an "outperform" rating on shares of Simulations Plus in a report on Tuesday, July 15th. Finally, KeyCorp lowered Simulations Plus from an "overweight" rating to a "sector weight" rating in a report on Tuesday, July 15th.

Simulations Plus Stock Up 4.8%

NASDAQ:SLP opened at $15.05 on Friday. The firm has a market capitalization of $302.96 million, a price-to-earnings ratio of -4.78 and a beta of 0.85. Simulations Plus has a twelve month low of $12.39 and a twelve month high of $37.67. The stock's 50 day moving average price is $14.18 and its two-hundred day moving average price is $22.66.

Simulations Plus (NASDAQ:SLP - Get Free Report) last posted its quarterly earnings results on Monday, July 14th. The technology company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.19. The firm had revenue of $20.36 million for the quarter, compared to analyst estimates of $22.83 million. Simulations Plus had a positive return on equity of 11.62% and a negative net margin of 78.63%.The business's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 EPS. As a group, analysts anticipate that Simulations Plus will post 1.09 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. grew its holdings in Simulations Plus by 11,780.3% in the 2nd quarter. Osaic Holdings Inc. now owns 15,682 shares of the technology company's stock valued at $274,000 after buying an additional 15,550 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Simulations Plus by 171.6% in the 2nd quarter. Squarepoint Ops LLC now owns 35,378 shares of the technology company's stock valued at $617,000 after buying an additional 22,353 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in Simulations Plus by 7.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 55,402 shares of the technology company's stock valued at $967,000 after buying an additional 3,809 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in Simulations Plus by 9.8% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 22,986 shares of the technology company's stock valued at $401,000 after buying an additional 2,061 shares in the last quarter. Finally, State of Tennessee Department of Treasury lifted its position in shares of Simulations Plus by 182.9% during the 2nd quarter. State of Tennessee Department of Treasury now owns 11,191 shares of the technology company's stock valued at $195,000 after acquiring an additional 7,235 shares during the period. 78.08% of the stock is owned by institutional investors and hedge funds.

Simulations Plus Company Profile

Simulations Plus, Inc develops drug discovery and development software for modeling and simulation, and prediction of molecular properties utilizing artificial intelligence and machine learning based technology worldwide. The company operates through two segments, Software and Services. It offers GastroPlus, which simulates the absorption and drug interaction of compounds administered to humans and animals; and DDDPlus and MembranePlus simulation products.

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