Model N, Inc. (NYSE:MODN) Given Average Rating of “Hold” by Analysts

Model N, Inc. (NYSE:MODN) has been assigned a consensus rating of “Hold” from the ten research firms that are currently covering the company, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $31.80.

Several brokerages recently issued reports on MODN. Craig Hallum reaffirmed a “hold” rating and set a $30.00 target price on shares of Model N in a research report on Tuesday. Needham & Company LLC reissued a “hold” rating on shares of Model N in a research report on Tuesday. Morgan Stanley reissued an “equal weight” rating and issued a $30.00 price objective (down from $37.00) on shares of Model N in a research report on Wednesday. Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 price objective on shares of Model N in a research report on Tuesday. Finally, JPMorgan Chase & Co. lowered Model N from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $30.00 to $25.00 in a research report on Wednesday, December 13th.

Model N Stock Down 0.1 %

Shares of MODN opened at $29.67 on Thursday. Model N has a 52 week low of $20.90 and a 52 week high of $35.96. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of -35.32 and a beta of 0.70. 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 has a fifty day moving average of $26.43 and a 200-day moving average of $25.41.

Model N (NYSE:MODN) last announced its quarterly earnings results 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 negative net margin of 12.48% and a positive return on equity of 5.79%. The firm had revenue of $63.49 million during the quarter, compared to the consensus estimate of $62.12 million. As a group, sell-side analysts anticipate that Model N will post 0.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Laura Selig sold 4,770 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 value of $125,832.60. Following the sale, the insider now owns 143,866 shares of the company’s stock, valued at approximately $3,795,185.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Model N news, insider Laura Selig sold 4,770 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $26.38, for a total transaction of $125,832.60. Following the sale, the insider now owns 143,866 shares of the company’s stock, valued at approximately $3,795,185.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Christopher Lyon sold 8,124 shares of the business’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 sale, the executive now directly owns 229,721 shares in the company, 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. 2.55% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MODN. C M Bidwell & Associates Ltd. purchased a new stake in shares of Model N during the 3rd quarter valued at about $34,000. Tower Research Capital LLC TRC boosted its stake in shares of Model N by 35.0% in the third quarter. Tower Research Capital LLC TRC now owns 1,664 shares of the software maker’s stock worth $57,000 after acquiring an additional 431 shares during the last quarter. Altshuler Shaham Ltd boosted its stake in shares of Model N by 79.2% in the fourth quarter. Altshuler Shaham Ltd now owns 1,572 shares of the software maker’s stock worth $64,000 after acquiring an additional 695 shares during the last quarter. International Assets Investment Management LLC boosted 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 worth $69,000 after acquiring an additional 2,407 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Model N in the fourth quarter worth approximately $115,000.

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.