Model N (MODN) Scheduled to Post Earnings on Tuesday

Model N (NYSE:MODNGet Rating) will post its quarterly earnings results after the market closes on Tuesday, August 9th. Analysts expect Model N to post earnings of $0.15 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Model N (NYSE:MODNGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The software maker reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.04. Model N had a negative return on equity of 7.58% and a negative net margin of 13.60%. The firm had revenue of $53.30 million for the quarter, compared to the consensus estimate of $51.23 million. During the same quarter in the previous year, the company earned ($0.17) EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, analysts expect Model N to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Model N Trading Down 0.2 %

NYSE:MODN opened at $25.06 on Tuesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.68 and a quick ratio of 2.68. Model N has a fifty-two week low of $20.95 and a fifty-two week high of $39.99. The stock’s 50-day moving average is $24.77 and its two-hundred day moving average is $25.26. The stock has a market cap of $922.81 million, a PE ratio of -32.13 and a beta of 0.83.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. BTIG Research lowered their target price on Model N from $48.00 to $38.00 in a research note on Wednesday, May 11th. StockNews.com raised Model N from a “hold” rating to a “buy” rating in a research note on Monday, May 16th. Finally, Craig Hallum lowered their target price on Model N from $39.00 to $29.00 in a research note on Wednesday, May 11th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Model N has a consensus rating of “Buy” and an average target price of $36.80.

Insider Activity at Model N

In related news, CRO Christopher Lyon sold 3,224 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $23.61, for a total value of $76,118.64. Following the completion of the sale, the executive now owns 146,468 shares of the company’s stock, valued at approximately $3,458,109.48. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CRO Christopher Lyon sold 3,224 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $23.61, for a total value of $76,118.64. Following the completion of the sale, the executive now owns 146,468 shares of the company’s stock, valued at approximately $3,458,109.48. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Mark Albert Anderson sold 5,962 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $22.76, for a total value of $135,695.12. Following the completion of the sale, the insider now directly owns 183,745 shares of the company’s stock, valued at approximately $4,182,036.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,128 shares of company stock valued at $717,582. 2.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Model N

Large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its position in Model N by 13.1% during the first quarter. PNC Financial Services Group Inc. now owns 5,080 shares of the software maker’s stock worth $136,000 after purchasing an additional 588 shares during the period. Graham Capital Management L.P. bought a new stake in Model N during the first quarter worth approximately $281,000. Hsbc Holdings PLC boosted its position in Model N by 42.7% during the first quarter. Hsbc Holdings PLC now owns 11,406 shares of the software maker’s stock worth $306,000 after purchasing an additional 3,413 shares during the period. MetLife Investment Management LLC boosted its position in Model N by 61.2% during the first quarter. MetLife Investment Management LLC now owns 18,585 shares of the software maker’s stock worth $500,000 after purchasing an additional 7,054 shares during the period. Finally, Prelude Capital Management LLC bought a new stake in Model N during the first quarter worth approximately $516,000. Institutional investors own 96.26% of the company’s stock.

About Model N

(Get Rating)

Model N, Inc provides cloud revenue management solutions for life sciences and high-tech companies. 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 timely, as well as at correct rates for government medicaid programs.

See Also

Earnings History for Model N (NYSE:MODN)

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