Model N (NYSE:MODN) Earns Market Perform Rating from JMP Securities

Model N (NYSE:MODN)‘s stock had its “market perform” rating reaffirmed by equities researchers at JMP Securities in a research report issued on Monday, Benzinga reports.

MODN has been the topic of a number of other research reports. Craig Hallum reaffirmed a “hold” rating and set a $30.00 price objective on shares of Model N in a research note on Tuesday, April 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Model N in a research note on Monday, April 22nd. StockNews.com assumed coverage on shares of Model N in a research report on Saturday. They issued a “hold” rating for the company. Robert W. Baird restated a “neutral” rating and set a $30.00 target price on shares of Model N in a research report on Monday, April 8th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $30.00 target price (down from $37.00) on shares of Model N in a research note on Wednesday, April 10th. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Model N currently has an average rating of “Hold” and a consensus price target of $31.80.

Model N Stock Performance

Shares of MODN opened at $29.77 on Monday. The company has a 50-day moving average of $27.67 and a two-hundred day moving average of $26.20. The stock has a market cap of $1.16 billion, a P/E ratio of -35.44 and a beta of 0.68. Model N has a 12-month low of $20.90 and a 12-month high of $35.96. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 2.26.

Model N (NYSE:MODN) last issued its quarterly earnings data on Monday, May 6th. The software maker reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02). The company had revenue of $65.10 million for the quarter, compared to analyst estimates of $64.45 million. Model N had a positive return on equity of 5.79% and a negative net margin of 12.48%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. As a group, research analysts predict that Model N will post 0.2 EPS for the current fiscal year.

Insider Activity

In related news, insider Laura Selig sold 2,655 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $25.32, for a total value of $67,224.60. Following the transaction, the insider now directly owns 141,517 shares of the company’s stock, valued at approximately $3,583,210.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Model N news, CRO Christopher Lyon sold 7,862 shares of Model N stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $26.38, for a total transaction of $207,399.56. Following the transaction, the executive now directly owns 237,845 shares of the company’s stock, valued at $6,274,351.10. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Laura Selig sold 2,655 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $25.32, for a total transaction of $67,224.60. Following the sale, the insider now owns 141,517 shares of the company’s stock, valued at $3,583,210.44. The disclosure for this sale can be found here. Insiders sold 72,616 shares of company stock valued at $1,897,243 in the last ninety days. Company insiders own 2.55% of the company’s stock.

Institutional Trading of Model N

A number of institutional investors have recently added to or reduced their stakes in MODN. C M Bidwell & Associates Ltd. purchased a new position in Model N in the third quarter valued at about $34,000. International Assets Investment Management LLC grew its stake in shares of Model N by 1,594.0% in the fourth quarter. International Assets Investment Management LLC now owns 2,558 shares of the software maker’s stock valued at $69,000 after buying an additional 2,407 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Model N during the 4th quarter valued at about $115,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Model N by 27.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,054 shares of the software maker’s stock worth $197,000 after acquiring an additional 1,743 shares in the last quarter. Finally, Hardy Reed LLC purchased a new position in Model N in the 1st quarter worth approximately $219,000.

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.