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

Model N, Inc. (NYSE:MODN) has earned an average rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $31.80.

A number of research analysts recently commented on the company. Morgan Stanley restated an “equal weight” rating and issued a $30.00 price target (down previously from $37.00) on shares of Model N in a research report on Wednesday, April 10th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $30.00 target price on shares of Model N in a research report on Tuesday, April 9th. Robert W. Baird reiterated a “neutral” rating and issued a $30.00 target price on shares of Model N in a research report on Monday, April 8th. Craig Hallum reiterated a “hold” rating and issued a $30.00 target price on shares of Model N in a research report on Tuesday, April 9th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Model N in a research report on Tuesday, May 7th.

Insider Buying and Selling

In related news, insider Laura Selig sold 5,411 shares of Model N stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $29.79, for a total value of $161,193.69. Following the transaction, the insider now directly owns 136,106 shares of the company’s stock, valued at $4,054,597.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Model N news, insider Laura Selig sold 5,411 shares of Model N stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $29.79, for a total value of $161,193.69. Following the completion of the sale, the insider now directly owns 136,106 shares in the company, valued at $4,054,597.74. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Christopher Lyon sold 6,753 shares of Model N stock in a transaction that occurred 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 completion of the sale, the executive now owns 214,182 shares of the company’s stock, valued at $6,391,190.88. The disclosure for this sale can be found here. Insiders have sold a total of 51,870 shares of company stock valued at $1,545,545 over the last ninety days. 2.55% of the stock is owned by company insiders.

Institutional Investors Weigh In On Model N

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Model N by 5.1% during the third quarter. Vanguard Group Inc. now owns 2,644,961 shares of the software maker’s stock valued at $64,563,000 after acquiring an additional 128,461 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Model N during the fourth quarter valued at approximately $115,000. Assenagon Asset Management S.A. bought a new stake in shares of Model N during the fourth quarter valued at approximately $7,964,000. Trust Point Inc. bought a new stake in Model N during the fourth quarter worth $426,000. Finally, International Assets Investment Management LLC grew its holdings in Model N by 1,594.0% during the fourth quarter. International Assets Investment Management LLC now owns 2,558 shares of the software maker’s stock worth $69,000 after buying an additional 2,407 shares in the last quarter.

Model N Price Performance

MODN stock opened at $30.00 on Friday. The company has a debt-to-equity ratio of 2.05, a current ratio of 3.86 and a quick 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 has a market capitalization of $1.18 billion, a price-to-earnings ratio of -3,000,000.00 and a beta of 0.68. The business’s fifty day moving average price is $29.94 and its two-hundred day moving average price is $28.39.

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