Model N (MODN) to Release Quarterly Earnings on Monday

Model N (NYSE:MODN) is scheduled to announce its earnings results before the market opens on Monday, May 6th. Analysts expect the company to announce earnings of $0.26 per share for the quarter.

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

Shares of NYSE:MODN opened at $29.81 on Friday. The firm has a 50 day simple moving average of $27.49 and a 200-day simple moving average of $26.07. The company has a market capitalization of $1.16 billion, a PE ratio of -35.49 and a beta of 0.68. Model N has a twelve month low of $20.90 and a twelve 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.

Insiders Place Their Bets

In related news, CRO Christopher Lyon sold 8,124 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $5,802,752.46. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Model N 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 owns 229,721 shares in the company, valued at approximately $5,802,752.46. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dave Yarnold sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $26.88, for a total value of $134,400.00. Following the completion of the transaction, the director now directly owns 22,012 shares of the company’s stock, valued at $591,682.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,616 shares of company stock worth $1,897,243. 2.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on MODN. JMP Securities reissued a “market perform” rating on shares of Model N in a report on Tuesday, April 23rd. StockNews.com initiated coverage on shares of Model N in a research note on Saturday. They issued a “hold” rating on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $30.00 target price on shares of Model N in a research note on Tuesday, April 9th. Craig Hallum reissued a “hold” rating and set a $30.00 price target on shares of Model N in a report on Tuesday, April 9th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $30.00 price objective (down previously from $37.00) on shares of Model N in a report on Wednesday, April 10th. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $31.80.

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.