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

Investment analysts at StockNews.com began coverage on shares of Model N (NYSE:MODN) in a report issued on Friday. The firm set a “hold” rating on the software maker’s stock.

Other analysts also recently issued reports about the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $30.00 price objective on shares of Model N in a research report on Tuesday, April 9th. Needham & Company LLC reiterated a “hold” rating on shares of Model N in a research report on Monday. Robert W. Baird restated a “neutral” rating and set a $30.00 price target on shares of Model N in a research report on Monday, April 8th. JMP Securities restated a “market perform” rating on shares of Model N in a research report on Tuesday. Finally, Morgan Stanley restated an “equal weight” rating and set a $30.00 price target (down from $37.00) on shares of Model N in a research report on Wednesday, April 10th. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $31.80.

Model N Price Performance

Shares of MODN stock opened at $29.63 on Friday. The firm has a market cap of $1.16 billion, a P/E ratio of -35.27 and a beta of 0.70. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.00 and a quick ratio of 4.00. Model N has a 1-year low of $20.90 and a 1-year high of $35.96. The firm has a fifty day moving average of $26.97 and a two-hundred day moving average of $25.82.

Model N (NYSE:MODN) last posted its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). Model N had a negative net margin of 12.48% and a positive return on equity of 5.79%. The business had revenue of $63.49 million during the quarter, compared to analyst estimates of $62.12 million. As a group, research analysts anticipate that Model N will post 0.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CRO Christopher Lyon sold 8,124 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $25.26, for a total value of $205,212.24. Following the sale, the executive now directly owns 229,721 shares in the company, valued at approximately $5,802,752.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Laura Selig sold 2,655 shares of Model N stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $25.32, for a total value of $67,224.60. Following the transaction, the insider now directly owns 141,517 shares of the company’s stock, valued at $3,583,210.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CRO Christopher Lyon sold 8,124 shares of Model N stock in a transaction that occurred 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 completion of the transaction, the executive now directly owns 229,721 shares in the company, valued at $5,802,752.46. The disclosure for this sale can be found here. Insiders have sold 72,616 shares of company stock worth $1,897,243 in the last ninety days. 2.55% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Conestoga Capital Advisors LLC lifted its stake in shares of Model N by 15.3% in the fourth quarter. Conestoga Capital Advisors LLC now owns 3,824,894 shares of the software maker’s stock worth $103,004,000 after buying an additional 507,090 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Model N by 5.1% in the third quarter. Vanguard Group Inc. now owns 2,644,961 shares of the software maker’s stock worth $64,563,000 after buying an additional 128,461 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in Model N by 70.8% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 44,400 shares of the software maker’s stock valued at $1,084,000 after purchasing an additional 18,400 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Model N during the 4th quarter valued at $7,964,000. Finally, Artisan Partners Limited Partnership raised its stake in Model N by 14.6% during the 3rd quarter. Artisan Partners Limited Partnership now owns 3,310,207 shares of the software maker’s stock valued at $80,802,000 after purchasing an additional 421,952 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.