Model N, Inc. (NYSE:MODN) Receives Average Recommendation of “Hold” from Analysts

Model N, Inc. (NYSE:MODN) has been given an average recommendation of “Hold” by the ten ratings firms that are covering the company, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $31.80.

MODN has been the topic of a number of analyst reports. Robert W. Baird restated a “neutral” rating and issued a $30.00 target price on shares of Model N in a report on Monday, April 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 target price on shares of Model N in a research report on Tuesday, April 9th. Morgan Stanley reissued an “equal weight” rating and issued a $30.00 price target (down from $37.00) on shares of Model N in a research report on Wednesday, April 10th. StockNews.com assumed coverage on shares of Model N in a report on Friday. They set a “hold” rating on the stock. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Model N in a report on Tuesday, May 7th.

Insider Activity at Model N

In other Model N news, CRO Christopher Lyon sold 6,753 shares of Model N stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $29.84, for a total value of $201,509.52. Following the sale, the executive now owns 214,182 shares of the company’s stock, valued at $6,391,190.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Jason Blessing sold 20,179 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $29.79, for a total transaction of $601,132.41. Following the transaction, the chief executive officer now owns 884,172 shares of the company’s stock, valued at approximately $26,339,483.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Christopher Lyon sold 6,753 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $29.84, for a total value of $201,509.52. Following the transaction, the executive now owns 214,182 shares of the company’s stock, valued at approximately $6,391,190.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,870 shares of company stock worth $1,545,545. 2.55% of the stock is owned by company insiders.

Institutional Investors Weigh In On Model N

Several institutional investors have recently added to or reduced their stakes in the business. Kopp LeRoy C bought a new position in shares of Model N in the first quarter worth $6,105,000. Kennedy Capital Management LLC bought a new position in Model N in the 1st quarter worth about $1,530,000. Price T Rowe Associates Inc. MD boosted its stake in Model N by 7.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,018 shares of the software maker’s stock worth $513,000 after purchasing an additional 1,193 shares during the period. EntryPoint Capital LLC grew its holdings in Model N by 24.8% during the 1st quarter. EntryPoint Capital LLC now owns 3,723 shares of the software maker’s stock valued at $106,000 after buying an additional 741 shares in the last quarter. Finally, Gagnon Securities LLC increased its position in shares of Model N by 8.7% during the first quarter. Gagnon Securities LLC now owns 8,425 shares of the software maker’s stock valued at $240,000 after buying an additional 677 shares during the period.

Model N Stock Up 0.1 %

MODN stock opened at $29.98 on Tuesday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 3.86 and a current ratio of 3.86. Model N has a fifty-two week low of $20.90 and a fifty-two week high of $35.96. The stock’s 50 day simple moving average is $29.81 and its 200 day simple moving average is $27.67. The company has a market cap of $1.18 billion, a P/E ratio of -2,998,000.00 and a beta of 0.68.

Model N (NYSE:MODN) last issued its earnings results on Monday, May 6th. The software maker reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). The firm had revenue of $65.10 million during the quarter, compared to the consensus estimate of $64.45 million. Model N had a return on equity of 6.94% and a net margin of 0.10%. Model N’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.05) earnings per share. On average, research analysts expect that Model N will post 0.18 earnings per share for the current fiscal year.

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.