Simulations Plus (NASDAQ:SLP) PT Raised to $85.00


Share on StockTwits

Simulations Plus (NASDAQ:SLP) had its target price raised by Oppenheimer from $79.00 to $85.00 in a research note issued on Tuesday, The Fly reports. Oppenheimer’s target price would suggest a potential upside of 17.65% from the stock’s current price. Oppenheimer also issued estimates for Simulations Plus’ Q2 2021 earnings at $0.14 EPS, Q3 2021 earnings at $0.20 EPS, Q4 2021 earnings at $0.13 EPS and FY2021 earnings at $0.60 EPS.

A number of other analysts have also recently commented on the stock. Taglich Brothers raised shares of Simulations Plus from a “speculative buy” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Wednesday, November 25th. Craig Hallum cut shares of Simulations Plus from a “buy” rating to a “hold” rating in a research note on Tuesday. TheStreet raised shares of Simulations Plus from a “c+” rating to a “b” rating in a research note on Friday, January 8th. Raymond James began coverage on shares of Simulations Plus in a research note on Friday, October 16th. They set an “outperform” rating and a $95.00 target price for the company. Finally, Zacks Investment Research cut shares of Simulations Plus from a “hold” rating to a “sell” rating in a research note on Thursday, November 19th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $81.60.

SLP opened at $72.25 on Tuesday. Simulations Plus has a fifty-two week low of $26.00 and a fifty-two week high of $83.78. The company has a fifty day moving average of $66.30 and a two-hundred day moving average of $65.72. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 144.50, a PEG ratio of 7.63 and a beta of -0.17.

Simulations Plus (NASDAQ:SLP) last released its quarterly earnings data on Sunday, January 10th. The technology company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Simulations Plus had a net margin of 22.96% and a return on equity of 24.44%. On average, analysts predict that Simulations Plus will post 0.53 earnings per share for the current year.

In other Simulations Plus news, Director David L. Ralph sold 5,000 shares of the business’s stock in a transaction dated Monday, November 30th. The shares were sold at an average price of $55.65, for a total value of $278,250.00. Following the transaction, the director now directly owns 16,581 shares in the company, valued at approximately $922,732.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Walter S. Woltosz sold 24,000 shares of the business’s stock in a transaction dated Wednesday, December 23rd. The shares were sold at an average price of $72.71, for a total transaction of $1,745,040.00. Following the completion of the transaction, the director now owns 4,659,614 shares in the company, valued at $338,800,533.94. The disclosure for this sale can be found here. Insiders have sold 64,881 shares of company stock worth $4,347,992 over the last 90 days. 31.57% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of SLP. California Public Employees Retirement System boosted its holdings in Simulations Plus by 7.9% in the 2nd quarter. California Public Employees Retirement System now owns 28,596 shares of the technology company’s stock valued at $1,711,000 after purchasing an additional 2,088 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Simulations Plus by 97.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 152,752 shares of the technology company’s stock valued at $9,138,000 after purchasing an additional 75,578 shares during the last quarter. American International Group Inc. boosted its holdings in Simulations Plus by 25.5% in the 2nd quarter. American International Group Inc. now owns 8,874 shares of the technology company’s stock valued at $531,000 after purchasing an additional 1,802 shares during the last quarter. State of Tennessee Treasury Department acquired a new position in Simulations Plus in the 2nd quarter valued at about $432,000. Finally, Advisor Group Holdings Inc. boosted its holdings in Simulations Plus by 70.9% in the 2nd quarter. Advisor Group Holdings Inc. now owns 6,569 shares of the technology company’s stock valued at $393,000 after purchasing an additional 2,726 shares during the last quarter. Institutional investors own 59.61% of the company’s stock.

Simulations Plus Company Profile

Simulations Plus, Inc develops drug discovery and development software for mechanistic modeling and simulation, and prediction of properties of molecules utilizing artificial-intelligence- and machine-learning-based technology worldwide. The company offers GastroPlus, which simulates the absorption, pharmacokinetics (PK), pharmacodynamics, and drug-drug interactions of compounds administered to humans and animals; DDDPlus that simulates in vitro laboratory experiments; and MembranePlus, which simulates laboratory experiments.

Further Reading: Risk Tolerance and Your Investment Decisions

The Fly

Receive News & Ratings for Simulations Plus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simulations Plus and related companies with MarketBeat.com's FREE daily email newsletter.