Model N, Inc. (NYSE:MODN) Receives Average Rating of “Hold” from Analysts

Model N, Inc. (NYSE:MODN) has been assigned a consensus recommendation of “Hold” from the ten research firms that are presently covering the firm, MarketBeat reports. Nine analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $31.80.

Several research firms recently commented on MODN. StockNews.com began coverage on shares of Model N in a research report on Saturday. They set a “hold” rating on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $30.00 target price on shares of Model N in a research report on Tuesday, April 9th. Robert W. Baird reiterated a “neutral” rating and issued a $30.00 target price on shares of Model N in a research report on Monday, April 8th. Craig Hallum reiterated a “hold” rating and issued a $30.00 target price on shares of Model N in a research report on Tuesday, April 9th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Model N in a research note on Monday, April 22nd.

Model N Trading Up 0.2 %

NYSE MODN opened at $29.81 on Monday. The company has a fifty day simple moving average of $27.49 and a two-hundred day simple moving average of $26.11. The stock has a market cap of $1.16 billion, a P/E ratio of -35.49 and a beta of 0.68. 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.

Model N (NYSE:MODN) last released its quarterly earnings data 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 positive return on equity of 5.79% and a negative net margin of 12.48%. On average, analysts forecast that Model N will post 0.2 earnings per share for the current year.

Insider Transactions at Model N

In other news, CEO Jason Blessing sold 27,446 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $26.38, for a total transaction of $724,025.48. Following the completion of the sale, the chief executive officer now owns 903,451 shares in the company, valued at approximately $23,833,037.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Jason Blessing sold 27,446 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $26.38, for a total value of $724,025.48. Following the completion of the sale, the chief executive officer now owns 903,451 shares in the company, valued at approximately $23,833,037.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CRO Christopher Lyon sold 7,862 shares of Model N stock in a transaction on Friday, February 16th. The shares were sold at an average price of $26.38, for a total transaction of $207,399.56. Following the completion of the transaction, the executive now owns 237,845 shares in the company, valued at $6,274,351.10. The disclosure for this sale can be found here. In the last three months, insiders sold 72,616 shares of company stock valued at $1,897,243. Insiders own 2.55% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. purchased a new position in Model N during the 3rd quarter valued at about $34,000. International Assets Investment Management LLC lifted its stake in shares of Model N by 1,594.0% during the fourth quarter. International Assets Investment Management LLC now owns 2,558 shares of the software maker’s stock valued at $69,000 after buying an additional 2,407 shares during the period. SG Americas Securities LLC acquired a new stake in Model N during the fourth quarter worth approximately $115,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Model N by 27.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,054 shares of the software maker’s stock worth $197,000 after purchasing an additional 1,743 shares during the period. Finally, Hardy Reed LLC acquired a new stake in shares of Model N during the first quarter worth $219,000.

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.