Simulations Plus, Inc. (NASDAQ:SLP) Given Consensus Recommendation of “Hold” by Brokerages

Simulations Plus, Inc. (NASDAQ:SLP) has been assigned an average rating of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $25.00.

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

Simulations Plus Trading Down 0.9%

NASDAQ SLP opened at $13.97 on Wednesday. Simulations Plus has a 12 month low of $12.39 and a 12 month high of $37.67. The stock has a 50-day simple moving average of $18.66 and a 200 day simple moving average of $16.61. The company has a market capitalization of $281.45 million, a PE ratio of -4.37 and a beta of 1.12.

Simulations Plus (NASDAQ:SLP) last posted its earnings results on Thursday, January 8th. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.05). The company had revenue of $18.42 million for the quarter, compared to analyst estimates of $18.05 million. Simulations Plus had a positive return on equity of 14.02% and a negative net margin of 81.66%.During the same quarter in the previous year, the firm posted $0.17 earnings per share. As a group, sell-side analysts predict that Simulations Plus will post 1.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. North Star Investment Management Corp. lifted its position in shares of Simulations Plus by 195.6% in the third quarter. North Star Investment Management Corp. now owns 168,130 shares of the technology company’s stock worth $2,534,000 after purchasing an additional 111,255 shares in the last quarter. Tributary Capital Management LLC increased its stake in Simulations Plus by 214.7% in the 3rd quarter. Tributary Capital Management LLC now owns 1,136,980 shares of the technology company’s stock valued at $17,134,000 after buying an additional 775,704 shares during the last quarter. Versor Investments LP acquired a new stake in Simulations Plus in the 2nd quarter valued at $496,000. Prescott Group Capital Management L.L.C. bought a new stake in Simulations Plus during the 2nd quarter worth about $1,396,000. Finally, Stephens Investment Management Group LLC acquired a new position in shares of Simulations Plus during the 2nd quarter worth about $4,687,000. Institutional investors and hedge funds own 78.08% of the company’s stock.

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.