Model N (NYSE:MODN) Given “Hold” Rating at Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Model N (NYSE:MODN) in a research report sent to investors on Monday, Benzinga reports.

Other research analysts have also recently issued reports about the company. Robert W. Baird reissued a neutral rating and set a $30.00 target price on shares of Model N in a research note on Monday, April 8th. JMP Securities reiterated a market perform rating on shares of Model N in a report on Tuesday, April 9th. StockNews.com assumed coverage on Model N in a report on Thursday, April 18th. They issued a hold rating on the stock. Royal Bank of Canada reiterated a sector perform rating and issued a $30.00 price objective on shares of Model N in a report on Tuesday, April 9th. Finally, Morgan Stanley reiterated an equal weight rating and issued a $30.00 price objective (down previously from $37.00) on shares of Model N in a report on Wednesday, April 10th. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $31.80.

Model N Trading Down 0.2 %

MODN opened at $29.56 on Monday. Model N has a 12 month low of $20.90 and a 12 month high of $35.96. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of -35.19 and a beta of 0.70. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.00 and a quick ratio of 4.00. The business has a fifty day moving average price of $26.80 and a 200 day moving average price of $25.73.

Model N (NYSE:MODN) last released its earnings results on Tuesday, February 6th. The software maker reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). Model N had a positive return on equity of 5.79% and a negative net margin of 12.48%. The company had revenue of $63.49 million for the quarter, compared to analyst estimates of $62.12 million. Sell-side analysts expect that Model N will post 0.2 earnings per share for the current fiscal year.

Insider Activity at Model N

In related news, Director Dave Yarnold sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $26.88, for a total value of $134,400.00. Following the completion of the sale, the director now directly owns 22,012 shares of the company’s stock, valued at approximately $591,682.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Model N news, Director Dave Yarnold sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $26.88, for a total transaction of $134,400.00. Following the completion of the sale, the director now directly owns 22,012 shares of the company’s stock, valued at approximately $591,682.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Laura Selig sold 4,770 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $26.38, for a total value of $125,832.60. Following the sale, the insider now directly owns 143,866 shares of the company’s stock, valued at $3,795,185.08. The disclosure for this sale can be found here. Insiders sold a total of 72,616 shares of company stock valued at $1,897,243 in the last three months. 2.55% of the stock is currently owned by company insiders.

Institutional Trading of Model N

Hedge funds have recently added to or reduced their stakes in the stock. C M Bidwell & Associates Ltd. acquired a new stake in Model N during the 3rd quarter worth approximately $34,000. International Assets Investment Management LLC lifted its position in Model N by 1,594.0% during the 4th quarter. International Assets Investment Management LLC now owns 2,558 shares of the software maker’s stock worth $69,000 after acquiring an additional 2,407 shares during the period. SG Americas Securities LLC acquired a new stake in Model N during the 4th quarter worth approximately $115,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Model N by 27.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,054 shares of the software maker’s stock valued at $197,000 after buying an additional 1,743 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Model N by 14.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,235 shares of the software maker’s stock valued at $249,000 after buying an additional 1,181 shares during the period.

Model N Company Profile

Model N, Inc provides cloud revenue management solutions for life sciences and high-tech companies in the United States and internationally. 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 on a timely basis and at correct rates for government Medicaid programs, as well as Validata, State Pricing Transparency Management, Advanced Membership Management, and Intelligence Cloud.