Brokers Offer Predictions for Model N, Inc.’s FY2022 Earnings (NYSE:MODN)

Model N, Inc. (NYSE:MODNGet Rating) – Research analysts at Zacks Research issued their FY2022 earnings per share estimates for shares of Model N in a note issued to investors on Wednesday, September 14th. Zacks Research analyst S. Bose forecasts that the software maker will post earnings per share of ($0.18) for the year. The consensus estimate for Model N’s current full-year earnings is ($0.20) per share. Zacks Research also issued estimates for Model N’s Q4 2022 earnings at ($0.03) EPS, Q1 2023 earnings at ($0.06) EPS, Q2 2023 earnings at ($0.09) EPS, Q3 2023 earnings at ($0.05) EPS, Q4 2023 earnings at ($0.05) EPS, FY2023 earnings at ($0.26) EPS, Q1 2024 earnings at ($0.05) EPS, Q2 2024 earnings at ($0.07) EPS, Q3 2024 earnings at ($0.05) EPS and FY2024 earnings at ($0.19) EPS.

A number of other analysts also recently weighed in on the company. Truist Financial boosted their target price on Model N from $30.00 to $35.00 in a research report on Monday, September 12th. TheStreet raised Model N from a “d+” rating to a “c” rating in a research note on Friday, August 12th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $36.50.

Model N Stock Performance

NYSE:MODN opened at $31.24 on Monday. The business has a 50 day moving average of $28.41 and a 200 day moving average of $26.26. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -42.79 and a beta of 0.75. Model N has a 1-year low of $20.95 and a 1-year high of $37.25. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.70 and a quick ratio of 2.70.

Model N (NYSE:MODNGet Rating) last released its earnings results on Tuesday, August 9th. The software maker reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. The company had revenue of $56.17 million during the quarter, compared to the consensus estimate of $54.85 million. Model N had a negative return on equity of 6.00% and a negative net margin of 12.52%. Model N’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.09) EPS.

Insiders Place Their Bets

In other news, insider Mark Albert Anderson sold 5,962 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $25.51, for a total transaction of $152,090.62. Following the transaction, the insider now directly owns 176,145 shares of the company’s stock, valued at $4,493,458.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Mark Albert Anderson sold 5,962 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $25.51, for a total transaction of $152,090.62. Following the transaction, the insider now directly owns 176,145 shares of the company’s stock, valued at $4,493,458.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Christopher Lyon sold 2,625 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $31.65, for a total value of $83,081.25. Following the transaction, the executive now directly owns 143,843 shares in the company, valued at $4,552,630.95. The disclosure for this sale can be found here. Insiders have sold 21,207 shares of company stock valued at $634,595 in the last ninety days. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Model N

Hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in Model N by 27.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 233,417 shares of the software maker’s stock worth $7,010,000 after purchasing an additional 49,843 shares during the period. BNP Paribas Arbitrage SA grew its stake in Model N by 25.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 56,132 shares of the software maker’s stock worth $1,686,000 after purchasing an additional 11,237 shares during the period. Allianz Asset Management GmbH purchased a new stake in Model N in the fourth quarter worth $201,000. Eagle Asset Management Inc. grew its stake in Model N by 65.6% in the fourth quarter. Eagle Asset Management Inc. now owns 169,559 shares of the software maker’s stock worth $5,154,000 after purchasing an additional 67,150 shares during the period. Finally, Rice Hall James & Associates LLC grew its stake in Model N by 30.6% in the fourth quarter. Rice Hall James & Associates LLC now owns 212,702 shares of the software maker’s stock worth $6,387,000 after purchasing an additional 49,792 shares during the period. 97.47% of the stock is owned by hedge funds and other institutional investors.

Model N Company Profile

(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.

Featured Stories

Earnings History and Estimates for Model N (NYSE:MODN)

Receive News & Ratings for Model N Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Model N and related companies with MarketBeat.com's FREE daily email newsletter.