Simulations Plus (NASDAQ:SLP) Reaches New 1-Year Low – Here’s Why

Simulations Plus, Inc. (NASDAQ:SLP) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $27.20 and last traded at $27.34, with a volume of 12064 shares changing hands. The stock had previously closed at $27.62.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. KeyCorp assumed coverage on shares of Simulations Plus in a research report on Monday, July 29th. They set an “overweight” rating and a $47.00 target price on the stock. Stephens assumed coverage on shares of Simulations Plus in a research note on Friday, November 15th. They issued an “overweight” rating and a $39.00 target price for the company. William Blair restated an “outperform” rating on shares of Simulations Plus in a report on Wednesday, November 6th. BTIG Research cut their price objective on Simulations Plus from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, StockNews.com cut Simulations Plus from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Simulations Plus has a consensus rating of “Moderate Buy” and an average target price of $51.40.

Simulations Plus Price Performance

The firm has a market cap of $551.93 million, a P/E ratio of 56.37 and a beta of 0.71. The company’s 50-day moving average is $30.97 and its two-hundred day moving average is $38.57.

Simulations Plus (NASDAQ:SLP) last issued its earnings results on Wednesday, October 23rd. The technology company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02. The company had revenue of $18.70 million during the quarter, compared to the consensus estimate of $19.73 million. Simulations Plus had a return on equity of 6.16% and a net margin of 14.15%. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period last year, the business posted $0.18 EPS. On average, analysts expect that Simulations Plus, Inc. will post 1.12 EPS for the current fiscal year.

Insider Buying and Selling at Simulations Plus

In other Simulations Plus news, Director Walter S. Woltosz sold 20,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $35.18, for a total transaction of $703,600.00. Following the transaction, the director now owns 3,501,592 shares in the company, valued at approximately $123,186,006.56. This represents a 0.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 60,750 shares of company stock worth $1,905,655 over the last ninety days. Insiders own 20.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Simulations Plus by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 1,135,105 shares of the technology company’s stock valued at $46,710,000 after purchasing an additional 12,636 shares during the period. State Street Corp lifted its stake in Simulations Plus by 4.7% in the 3rd quarter. State Street Corp now owns 640,303 shares of the technology company’s stock worth $20,503,000 after purchasing an additional 28,953 shares in the last quarter. Geode Capital Management LLC increased its position in Simulations Plus by 4.4% during the third quarter. Geode Capital Management LLC now owns 448,618 shares of the technology company’s stock worth $14,367,000 after purchasing an additional 18,924 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Simulations Plus by 10.1% during the second quarter. Dimensional Fund Advisors LP now owns 414,005 shares of the technology company’s stock worth $20,128,000 after buying an additional 37,992 shares during the period. Finally, Tributary Capital Management LLC increased its stake in Simulations Plus by 54.7% during the third quarter. Tributary Capital Management LLC now owns 325,567 shares of the technology company’s stock worth $10,425,000 after purchasing an additional 115,122 shares during the period. Institutional investors own 78.08% of the company’s stock.

About Simulations Plus

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.