Simulations Plus (NASDAQ:SLP) Raised to Buy at Wall Street Zen

by · The Cerbat Gem

Simulations Plus (NASDAQ:SLP – Get Free Report) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

SLP has been the topic of a number of other reports. Zacks Research downgraded shares of Simulations Plus from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. TD Cowen cut their price target on shares of Simulations Plus from $19.00 to $16.00 and set a “hold” rating on the stock in a research report on Friday, April 10th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Simulations Plus presently has an average rating of “Hold” and a consensus price target of $24.40.

Read Our Latest Analysis on Simulations Plus

Simulations Plus Price Performance

Shares of NASDAQ:SLP opened at $13.34 on Friday. The company has a market capitalization of $269.47 million, a price-to-earnings ratio of -4.26 and a beta of 1.28. The firm’s 50 day simple moving average is $13.23 and its 200 day simple moving average is $15.75. Simulations Plus has a fifty-two week low of $11.09 and a fifty-two week high of $34.01.

Simulations Plus (NASDAQ:SLP – Get Free Report) last announced its quarterly earnings results on Thursday, April 9th. The technology company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. The business had revenue of $24.29 million for the quarter, compared to the consensus estimate of $21.66 million. Simulations Plus had a negative net margin of 77.96% and a positive return on equity of 16.21%. Equities research analysts expect that Simulations Plus will post 0.85 earnings per share for the current year.

Institutional Trading of Simulations Plus

Large investors have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in Simulations Plus during the 2nd quarter worth approximately $25,000. Quarry LP bought a new stake in Simulations Plus during the 3rd quarter worth approximately $28,000. CWM LLC increased its stake in Simulations Plus by 3,729.1% during the 3rd quarter. CWM LLC now owns 2,106 shares of the technology company’s stock worth $32,000 after purchasing an additional 2,051 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Simulations Plus by 343.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,983 shares of the technology company’s stock worth $73,000 after purchasing an additional 3,084 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Simulations Plus by 59.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,485 shares of the technology company’s stock worth $53,000 after purchasing an additional 1,669 shares in the last quarter. 78.08% of the stock is owned by institutional investors.

About Simulations Plus

(Get Free Report)

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.

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