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Simulations Plus (NASDAQ:SLP) Given New $36.00 Price Target at Craig Hallum

Simulations Plus logo with Computer and Technology background

Simulations Plus (NASDAQ:SLP - Get Free Report) had its price target cut by Craig Hallum from $45.00 to $36.00 in a research note issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the technology company's stock. Craig Hallum's price target suggests a potential upside of 89.97% from the company's previous close.

A number of other research analysts have also recently issued reports on SLP. Wall Street Zen raised Simulations Plus from a "sell" rating to a "hold" rating in a report on Monday, April 28th. KeyCorp lifted their price target on shares of Simulations Plus from $32.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, April 16th. Finally, William Blair reaffirmed an "outperform" rating on shares of Simulations Plus in a report on Tuesday, June 3rd. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $41.25.

View Our Latest Research Report on Simulations Plus

Simulations Plus Trading Down 0.6%

NASDAQ:SLP traded down $0.12 during mid-day trading on Friday, hitting $18.95. The company's stock had a trading volume of 481,771 shares, compared to its average volume of 240,938. Simulations Plus has a fifty-two week low of $18.66 and a fifty-two week high of $49.71. The company has a market capitalization of $381.10 million, a price-to-earnings ratio of 47.38 and a beta of 0.97. The stock has a fifty day moving average of $30.64 and a 200-day moving average of $30.12.

Simulations Plus (NASDAQ:SLP - Get Free Report) last released its quarterly earnings data on Thursday, April 3rd. The technology company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.06. The company had revenue of $22.43 million for the quarter, compared to analyst estimates of $21.93 million. Simulations Plus had a return on equity of 6.84% and a net margin of 10.97%. The company's revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 EPS. On average, equities analysts anticipate that Simulations Plus will post 1.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Walter S. Woltosz sold 20,000 shares of the firm's stock in a transaction that occurred 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 now owns 3,344,157 shares of the company's stock, valued at $112,062,701.07. This trade represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 19.40% of the company's stock.

Hedge Funds Weigh In On Simulations Plus

A number of hedge funds and other institutional investors have recently bought and sold shares of SLP. Jones Financial Companies Lllp increased its stake in shares of Simulations Plus by 53.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,223 shares of the technology company's stock valued at $34,000 after acquiring an additional 427 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in Simulations Plus in the fourth quarter valued at approximately $39,000. Fifth Third Bancorp increased its stake in Simulations Plus by 33.8% in the first quarter. Fifth Third Bancorp now owns 1,485 shares of the technology company's stock valued at $36,000 after purchasing an additional 375 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Simulations Plus by 42.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,575 shares of the technology company's stock worth $72,000 after purchasing an additional 764 shares during the period. Finally, AlphaQuest LLC boosted its position in shares of Simulations Plus by 502.9% during the fourth quarter. AlphaQuest LLC now owns 2,689 shares of the technology company's stock worth $75,000 after purchasing an additional 2,243 shares in the last quarter. 78.08% of the stock is owned by institutional investors.

Simulations Plus Company Profile

(Get Free Report)

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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