Model N (NYSE:MODN) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Model N (NYSE:MODN) in a research report issued on Friday. The firm set a “hold” rating on the software maker’s stock.

A number of other equities analysts have also recently commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Model N in a research report on Monday. Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 target price on shares of Model N in a research report on Tuesday, April 9th. Robert W. Baird reissued a “neutral” rating and issued a $30.00 target price on shares of Model N in a research report on Monday, April 8th. JMP Securities reissued a “market perform” rating on shares of Model N in a research report on Tuesday. Finally, Craig Hallum reissued a “hold” rating and issued a $30.00 target price on shares of Model N in a research report on Tuesday, April 9th. Ten 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 has a consensus rating of “Hold” and a consensus target price of $31.80.

Model N Trading Down 0.1 %

MODN stock opened at $29.63 on Friday. 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 company has a fifty day moving average price of $26.97 and a two-hundred day moving average price of $25.82. Model N has a one year low of $20.90 and a one year high of $35.96. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -35.27 and a beta of 0.70.

Model N (NYSE:MODN) last released its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.01 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $62.12 million. Equities analysts anticipate that Model N will post 0.2 EPS for the current year.

Insider Buying and Selling

In related news, CEO Jason Blessing sold 27,446 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $26.38, for a total transaction of $724,025.48. Following the completion of the sale, the chief executive officer now owns 903,451 shares of the company’s stock, valued at $23,833,037.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Model N news, CEO Jason Blessing sold 27,446 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $26.38, for a total transaction of $724,025.48. Following the completion of the transaction, the chief executive officer now owns 903,451 shares of the company’s stock, valued at $23,833,037.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO John Ederer sold 8,241 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $26.38, for a total value of $217,397.58. Following the transaction, the chief financial officer now directly owns 315,145 shares of the company’s stock, valued at approximately $8,313,525.10. The disclosure for this sale can be found here. Insiders sold 72,616 shares of company stock valued at $1,897,243 over the last quarter. 2.55% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Quadrature Capital Ltd raised its stake in Model N by 43.9% during the fourth quarter. Quadrature Capital Ltd now owns 23,532 shares of the software maker’s stock worth $635,000 after acquiring an additional 7,183 shares in the last quarter. Bares Capital Management Inc. increased its stake in shares of Model N by 63.8% in the fourth quarter. Bares Capital Management Inc. now owns 565,000 shares of the software maker’s stock valued at $15,215,000 after buying an additional 220,000 shares during the period. Ranger Investment Management L.P. increased its stake in shares of Model N by 8.2% in the fourth quarter. Ranger Investment Management L.P. now owns 937,846 shares of the software maker’s stock valued at $25,256,000 after buying an additional 70,868 shares during the period. Sea Cliff Partners Management LP acquired a new position in shares of Model N in the fourth quarter valued at approximately $6,078,000. Finally, Stephens Investment Management Group LLC increased its stake in shares of Model N by 38.0% in the fourth quarter. Stephens Investment Management Group LLC now owns 506,371 shares of the software maker’s stock valued at $13,637,000 after buying an additional 139,338 shares during the period.

About Model N

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.