StockNews.com Begins Coverage on Model N (NYSE:MODN)

Stock analysts at StockNews.com assumed coverage on shares of Model N (NYSE:MODN) in a research note issued to investors on Saturday. The brokerage set a “hold” rating on the software maker’s stock.

MODN has been the topic of several other reports. Morgan Stanley reissued an “equal weight” rating and set a $30.00 price target (down from $37.00) on shares of Model N in a research report on Wednesday, April 10th. Robert W. Baird reissued a “neutral” rating and set a $30.00 price target on shares of Model N in a research report on Monday, April 8th. Craig Hallum reaffirmed a “hold” rating and issued a $30.00 target price on shares of Model N in a research report on Tuesday, April 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $30.00 target price on shares of Model N in a research report on Tuesday, April 9th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Model N in a research report on Tuesday, April 23rd. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $31.80.

Model N Stock Up 0.2 %

MODN opened at $29.81 on Friday. Model N has a one year low of $20.90 and a one year high of $35.96. The company has a debt-to-equity ratio of 2.26, a quick ratio of 4.00 and a current ratio of 4.00. The stock’s fifty day moving average is $27.49 and its 200-day moving average is $26.07. The company has a market capitalization of $1.16 billion, a PE ratio of -35.49 and a beta of 0.68.

Model N (NYSE:MODN) last announced 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 negative net margin of 12.48% and a positive return on equity of 5.79%. The company had revenue of $63.49 million for the quarter, compared to analysts’ expectations of $62.12 million. On average, equities analysts predict that Model N will post 0.2 EPS for the current fiscal year.

Insider Activity

In other news, CEO Jason Blessing sold 27,446 shares of the 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 transaction, the chief executive officer now owns 903,451 shares of the company’s stock, valued at approximately $23,833,037.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Jason Blessing sold 27,446 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 transaction of $724,025.48. Following the completion of the sale, the chief executive officer now owns 903,451 shares in the company, valued at approximately $23,833,037.38. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Christopher Lyon sold 8,124 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $25.26, for a total value of $205,212.24. Following the sale, the executive now owns 229,721 shares of the company’s stock, valued at approximately $5,802,752.46. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,616 shares of company stock valued at $1,897,243. Insiders own 2.55% of the company’s stock.

Institutional Trading of Model N

Several hedge funds have recently added to or reduced their stakes in MODN. Conestoga Capital Advisors LLC lifted its position in shares of Model N by 15.3% in the 4th quarter. Conestoga Capital Advisors LLC now owns 3,824,894 shares of the software maker’s stock worth $103,004,000 after acquiring an additional 507,090 shares during the period. Vanguard Group Inc. lifted its position in shares of Model N by 5.1% in the 3rd quarter. Vanguard Group Inc. now owns 2,644,961 shares of the software maker’s stock worth $64,563,000 after acquiring an additional 128,461 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Model N by 70.8% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 44,400 shares of the software maker’s stock worth $1,084,000 after acquiring an additional 18,400 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Model N in the 4th quarter worth approximately $7,964,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Model N by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 149,771 shares of the software maker’s stock worth $3,656,000 after buying an additional 1,634 shares in the last quarter.

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.