Model N (NYSE:MODN) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Model N (NYSE:MODN) in a research report released on Thursday morning. The firm issued a hold rating on the software maker’s stock.

A number of other research analysts have also weighed in on MODN. JMP Securities reissued a market perform rating on shares of Model N in a report on Tuesday, April 9th. Royal Bank of Canada reissued a sector perform rating and set a $30.00 target price on shares of Model N in a report on Tuesday, April 9th. Craig Hallum reissued a hold rating and set a $30.00 target price on shares of Model N in a report on Tuesday, April 9th. Morgan Stanley reissued an equal weight rating and set a $30.00 target price (down from $37.00) on shares of Model N in a report on Wednesday, April 10th. Finally, Needham & Company LLC reaffirmed a hold rating on shares of Model N in a report on Tuesday, April 9th. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Hold and an average target price of $31.80.

Model N Stock Performance

Shares of Model N stock opened at $29.78 on Thursday. Model N has a 12-month low of $20.90 and a 12-month high of $35.96. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 2.26. The business’s 50 day moving average is $26.72 and its 200-day moving average is $25.62.

Model N (NYSE:MODN) last announced its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company had revenue of $63.49 million for the quarter, compared to the consensus estimate of $62.12 million. Model N had a positive return on equity of 5.79% and a negative net margin of 12.48%. On average, equities research analysts predict that Model N will post 0.2 earnings per share for the current year.

Insider Transactions at Model N

In other news, CRO Christopher Lyon sold 8,124 shares of the stock in a transaction on Thursday, March 14th. The stock was 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 of the company’s stock, valued at approximately $5,802,752.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Dave Yarnold sold 5,000 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $26.88, for a total transaction of $134,400.00. Following the sale, the director now directly owns 22,012 shares of the company’s stock, valued at approximately $591,682.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CRO Christopher Lyon sold 8,124 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $25.26, for a total value of $205,212.24. Following the sale, the executive now owns 229,721 shares of the company’s stock, valued at $5,802,752.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,616 shares of company stock valued at $1,897,243. 2.55% of the stock is owned by corporate insiders.

Institutional Trading of Model N

Institutional investors and hedge funds have recently modified their holdings of the business. C M Bidwell & Associates Ltd. bought a new stake in shares of Model N during the 3rd quarter worth $34,000. Altshuler Shaham Ltd raised its position in Model N by 79.2% in the fourth quarter. Altshuler Shaham Ltd now owns 1,572 shares of the software maker’s stock valued at $64,000 after purchasing an additional 695 shares during the last quarter. Tower Research Capital LLC TRC raised its position in 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 valued at $57,000 after purchasing an additional 431 shares during the last quarter. International Assets Investment Management LLC raised its position in 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 valued at $69,000 after purchasing an additional 2,407 shares during the last quarter. Finally, Osaic Holdings Inc. raised its position in Model N by 319.8% in the second quarter. Osaic Holdings Inc. now owns 4,156 shares of the software maker’s stock valued at $147,000 after purchasing an additional 3,166 shares during the last quarter.

About Model N

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.