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

Model N, Inc. (NYSE:MODN) has earned a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $31.80.

Several brokerages have recently weighed in on MODN. Needham & Company LLC restated a “hold” rating on shares of Model N in a report on Tuesday, May 7th. StockNews.com assumed coverage on Model N in a report on Tuesday. They set a “hold” rating on the stock. Robert W. Baird reaffirmed a “neutral” rating and set a $30.00 price target on shares of Model N in a research report on Monday, April 8th. Craig Hallum reaffirmed a “hold” rating and set a $30.00 price target on shares of Model N in a research report on Tuesday, April 9th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price target on shares of Model N in a research report on Tuesday, April 9th.

Model N Price Performance

Shares of Model N stock opened at $30.00 on Friday. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 2.05. Model N has a twelve month low of $20.90 and a twelve month high of $35.96. The business has a 50-day moving average price of $29.94 and a 200 day moving average price of $28.39. The firm has a market cap of $1.18 billion, a PE ratio of -3,000,000.00 and a beta of 0.68.

Model N (NYSE:MODN) last posted its quarterly earnings data on Monday, May 6th. The software maker reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02). Model N had a return on equity of 6.94% and a net margin of 0.10%. The firm had revenue of $65.10 million during the quarter, compared to analyst estimates of $64.45 million. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. Sell-side analysts predict that Model N will post 0.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Model N

In other Model N news, insider Laura Selig sold 5,411 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $29.79, for a total value of $161,193.69. Following the sale, the insider now owns 136,106 shares of the company’s stock, valued at $4,054,597.74. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Laura Selig sold 5,411 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $29.79, for a total transaction of $161,193.69. Following the completion of the transaction, the insider now owns 136,106 shares in the company, valued at $4,054,597.74. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CRO Christopher Lyon sold 6,753 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $29.84, for a total transaction of $201,509.52. Following the transaction, the executive now owns 214,182 shares of the company’s stock, valued at approximately $6,391,190.88. The disclosure for this sale can be found here. Insiders have sold a total of 51,870 shares of company stock valued at $1,545,545 over the last quarter. 2.55% of the stock is owned by company insiders.

Hedge Funds Weigh In On Model N

A number of institutional investors and hedge funds have recently modified their holdings of the company. Madison Asset Management LLC boosted its stake in Model N by 24.9% in the fourth quarter. Madison Asset Management LLC now owns 161,989 shares of the software maker’s stock valued at $4,362,000 after acquiring an additional 32,301 shares in the last quarter. Conestoga Capital Advisors LLC raised its holdings in Model N by 15.3% during the fourth quarter. Conestoga Capital Advisors LLC now owns 3,824,894 shares of the software maker’s stock worth $103,004,000 after purchasing an additional 507,090 shares in the last quarter. Vanguard Group Inc. raised its holdings in Model N by 5.1% during the third quarter. Vanguard Group Inc. now owns 2,644,961 shares of the software maker’s stock worth $64,563,000 after purchasing an additional 128,461 shares in the last quarter. Bares Capital Management Inc. raised its holdings in Model N by 63.8% during the fourth quarter. Bares Capital Management Inc. now owns 565,000 shares of the software maker’s stock worth $15,215,000 after purchasing an additional 220,000 shares in the last quarter. Finally, Stephens Investment Management Group LLC raised its holdings in Model N by 38.0% during the fourth quarter. Stephens Investment Management Group LLC now owns 506,371 shares of the software maker’s stock worth $13,637,000 after purchasing an additional 139,338 shares in 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.