Simulations Plus, Inc. (NASDAQ:SLP) Receives Average Rating of "Moderate Buy" from 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.

Simulations Plus, Inc. (NASDAQ:SLP - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $26.50.

SLP has been the topic of several research analyst reports. William Blair reiterated an "outperform" rating on shares of Simulations Plus in a research report on Tuesday, July 15th. JMP Securities reiterated a "market perform" rating on shares of Simulations Plus in a research report on Wednesday, June 18th. Zacks Research upgraded Simulations Plus to a "hold" rating in a research report on Tuesday, August 12th. 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. Finally, KeyCorp cut Simulations Plus from an "overweight" rating to a "sector weight" rating in a report on Tuesday, July 15th.

Simulations Plus Stock Performance

Shares of SLP stock traded up $0.43 during mid-day trading on Friday, hitting $15.86. 412,671 shares of the stock traded hands, compared to its average volume of 442,850. Simulations Plus has a twelve month low of $12.39 and a twelve month high of $37.67. The firm has a market cap of $319.26 million, a price-to-earnings ratio of -5.03 and a beta of 0.85. The company's 50-day simple moving average is $14.02 and its 200-day simple moving average is $22.33.

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

Hedge Funds Weigh In On Simulations Plus

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

About Simulations Plus

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.