Analysts Set Simulations Plus, Inc. (NASDAQ:SLP) Target Price at $26.50

Key Points

• Simulations Plus, Inc. has received a consensus recommendation of "Moderate Buy" from six analysts, with an average price target of $26.50.
• Recent analyst reports indicated target price cuts from firms like Craig Hallum and BTIG Research, with new target prices ranging from $20.00 to $36.00.
• The company reported $0.45 EPS for its latest quarter, surpassing analyst expectations, although it generated revenue of $20.36 million, falling short of the anticipated $22.83 million.

Simulations Plus, Inc. (NASDAQ:SLP - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $26.50.

A number of brokerages recently commented on SLP. Wall Street Zen raised shares of Simulations Plus from a "sell" rating to a "hold" rating in a research report on Monday, April 28th. Stephens decreased their price target on shares of Simulations Plus from $28.00 to $20.00 and set an "overweight" rating for the company in a report on Tuesday, July 15th. William Blair reissued an "outperform" rating on shares of Simulations Plus in a research report on Tuesday, July 15th. JMP Securities reissued a "market perform" rating on shares of Simulations Plus in a research report on Wednesday, June 18th. Finally, Craig Hallum cut their price objective on Simulations Plus from $45.00 to $36.00 and set a "buy" rating for the company in a research report on Friday, June 13th.

Simulations Plus Stock Up 0.8%

Shares of SLP traded up $0.11 during trading on Friday, reaching $13.23. The company's stock had a trading volume of 398,036 shares, compared to its average volume of 1,063,732. The company has a fifty day moving average of $21.32 and a two-hundred day moving average of $27.33. The company has a market cap of $266.32 million, a price-to-earnings ratio of 13.36 and a beta of 0.83. Simulations Plus has a twelve month low of $12.39 and a twelve month high of $42.11.

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

Insider Activity at Simulations Plus

In other Simulations Plus news, Director Walter S. Woltosz sold 20,000 shares of Simulations Plus stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $33.51, for a total value of $670,200.00. Following the completion of the sale, the director directly owned 3,344,157 shares of the company's stock, valued at approximately $112,062,701.07. The trade was a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 19.40% of the company's stock.

Hedge Funds Weigh In On Simulations Plus

Several large investors have recently bought and sold shares of SLP. Johnson Financial Group Inc. bought a new stake in Simulations Plus during the 4th quarter worth approximately $39,000. Fifth Third Bancorp lifted its stake in shares of Simulations Plus by 33.8% in the 1st quarter. Fifth Third Bancorp now owns 1,485 shares of the technology company's stock valued at $36,000 after acquiring an additional 375 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Simulations Plus by 42.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,575 shares of the technology company's stock valued at $72,000 after acquiring an additional 764 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Simulations Plus during the fourth quarter worth about $86,000. Finally, Quantbot Technologies LP boosted its holdings in shares of Simulations Plus by 191.6% during the fourth quarter. Quantbot Technologies LP now owns 5,371 shares of the technology company's stock worth $150,000 after purchasing an additional 3,529 shares during the period. 78.08% of the stock is currently owned by institutional investors.

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.