Model N, Inc. (NYSE:MODN) Given Average Rating of “Buy” by Analysts

Model N, Inc. (NYSE:MODNGet Rating) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $36.80.

A number of research firms have weighed in on MODN. Craig Hallum reduced their target price on Model N from $39.00 to $29.00 in a research note on Wednesday. BTIG Research decreased their price objective on shares of Model N from $48.00 to $38.00 in a report on Wednesday. TheStreet cut shares of Model N from a “c-” rating to a “d+” rating in a research report on Thursday, February 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $34.00 target price on shares of Model N in a research report on Friday, March 25th. Finally, StockNews.com lowered Model N from a “buy” rating to a “hold” rating in a report on Friday, April 22nd.

MODN stock opened at $24.62 on Friday. The stock has a market cap of $896.91 million, a PE ratio of -31.56 and a beta of 0.94. Model N has a 12 month low of $22.18 and a 12 month high of $39.99. The company has a 50-day moving average price of $25.81 and a 200 day moving average price of $27.52. The company has a current ratio of 2.68, a quick ratio of 2.72 and a debt-to-equity ratio of 0.98.

Model N (NYSE:MODNGet Rating) last announced its quarterly earnings data on Tuesday, May 10th. The software maker reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.07. Model N had a negative net margin of 13.60% and a negative return on equity of 7.58%. The business had revenue of $53.30 million during the quarter, compared to the consensus estimate of $51.23 million. During the same quarter last year, the firm earned ($0.17) earnings per share. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. Sell-side analysts forecast that Model N will post -0.32 EPS for the current year.

In other news, insider Laura Selig sold 1,749 shares of Model N stock in a transaction on Friday, February 18th. The shares were sold at an average price of $25.04, for a total transaction of $43,794.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Albert Anderson sold 5,962 shares of the company’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $22.76, for a total value of $135,695.12. Following the completion of the transaction, the insider now directly owns 183,745 shares in the company, valued at $4,182,036.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,524 shares of company stock worth $655,889. 2.00% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of MODN. Byrne Asset Management LLC lifted its position in Model N by 76.7% during the first quarter. Byrne Asset Management LLC now owns 961 shares of the software maker’s stock valued at $26,000 after purchasing an additional 417 shares during the period. Allworth Financial LP purchased a new position in shares of Model N during the 1st quarter valued at about $27,000. Nisa Investment Advisors LLC acquired a new position in shares of Model N in the 1st quarter valued at about $54,000. Fifth Third Bancorp boosted its stake in shares of Model N by 23.1% in the fourth quarter. Fifth Third Bancorp now owns 4,006 shares of the software maker’s stock worth $120,000 after buying an additional 753 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Model N by 13.1% in the first quarter. PNC Financial Services Group Inc. now owns 5,080 shares of the software maker’s stock valued at $136,000 after acquiring an additional 588 shares during the period. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Model N Company Profile (Get Rating)

Model N, Inc provides cloud revenue management solutions for life sciences and high-tech companies. The company offers Global Pricing Management, which minimizes price erosion of products; Global Tender Management that enhances revenue by enabling segmentation and targeting, optimal bid pricing, and post-award tracking; Provider Management, which minimizes rebate overpayments; Payer Management that minimizes revenue leakage and noncompliance of complex contracts; Government Pricing, which optimizes revenue, and reduces the risk of fines and other penalties; and Medicaid that enhances compliance with regulatory requirements and payments of rebate claims timely, as well as at correct rates for government medicaid programs.

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