Weekly Research Analysts’ Ratings Updates for Model N (MODN)

Several analysts have recently updated their ratings and price targets for Model N (NYSE: MODN):

• 5/7/2024 – Model N had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 5/6/2024 – Model N had its “market perform” rating reaffirmed by analysts at JMP Securities.
• 5/4/2024 – Model N is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 4/26/2024 – Model N is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 4/23/2024 – Model N had its “market perform” rating reaffirmed by analysts at JMP Securities.
• 4/22/2024 – Model N had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 4/18/2024 – Model N is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 4/10/2024 – Model N had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $30.00 price target on the stock, down previously from $37.00.
• 4/9/2024 – Model N had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $30.00 price target on the stock.
• 4/9/2024 – Model N had its “market perform” rating reaffirmed by analysts at JMP Securities.
• 4/9/2024 – Model N had its “hold” rating reaffirmed by analysts at Craig Hallum. They now have a $30.00 price target on the stock.
• 4/9/2024 – Model N had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 4/8/2024 – Model N had its “neutral” rating reaffirmed by analysts at Robert W. Baird. They now have a $30.00 price target on the stock.

Model N Stock Performance

NYSE MODN opened at $29.77 on Wednesday. The company has a 50-day simple moving average of $27.67 and a two-hundred day simple moving average of $26.20. Model N, Inc. has a 12-month low of $20.90 and a 12-month high of $35.96. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of -35.44 and a beta of 0.68. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 2.26.

Model N (NYSE:MODN) last issued its earnings results on Monday, May 6th. The software maker reported $0.24 earnings per share 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 analysts’ expectations of $64.45 million. Model N had a negative net margin of 12.48% and a positive return on equity of 5.79%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.05) earnings per share. On average, equities analysts forecast that Model N, Inc. will post 0.2 EPS for the current year.

Insider Transactions at Model N

In related news, CRO Christopher Lyon sold 8,124 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $25.26, for a total transaction of $205,212.24. Following the completion of the sale, the executive now directly owns 229,721 shares in the company, valued at approximately $5,802,752.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Model N news, CRO Christopher Lyon sold 8,124 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $25.26, for a total transaction of $205,212.24. Following the completion of the transaction, the executive now owns 229,721 shares of the company’s stock, valued at approximately $5,802,752.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $134,400.00. Following the completion of the sale, the director now owns 22,012 shares of the company’s stock, valued at approximately $591,682.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,616 shares of company stock worth $1,897,243. Insiders own 2.55% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. boosted its stake in shares of Model N by 2.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 13,865 shares of the software maker’s stock valued at $395,000 after purchasing an additional 355 shares in the last quarter. Lmcg Investments LLC boosted its position in Model N by 2.1% during the 3rd quarter. Lmcg Investments LLC now owns 40,660 shares of the software maker’s stock valued at $993,000 after acquiring an additional 830 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Model N by 6.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,130 shares of the software maker’s stock worth $461,000 after acquiring an additional 1,043 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 worth $249,000 after acquiring an additional 1,181 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new position in shares of Model N in the 3rd quarter valued at approximately $34,000.

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.