Model N, Inc. (NYSE:MODN) Given Consensus Rating of “Hold” by Brokerages

Shares of Model N, Inc. (NYSE:MODN) have been assigned an average recommendation of “Hold” from the ten research firms that are covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $31.80.

A number of brokerages have commented on MODN. StockNews.com began coverage on shares of Model N in a report on Wednesday. They set a “hold” rating for the company. Morgan Stanley reaffirmed 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 target price on shares of Model N in a report on Tuesday, April 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Model N in a report on Tuesday, May 7th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $30.00 target price on shares of Model N in a report on Monday, April 8th.

Model N Stock Down 0.1 %

Shares of Model N stock opened at $29.89 on Friday. The company has a market cap of $1.18 billion, a price-to-earnings ratio of -2,989,000.00 and a beta of 0.68. The company’s 50 day moving average is $29.48 and its 200 day moving average is $27.07. Model N has a twelve month low of $20.90 and a twelve month high of $35.96. 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 (NYSE:MODN) last issued its quarterly earnings data on Monday, May 6th. The software maker reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). The company had revenue of $65.10 million for the quarter, compared to the consensus estimate of $64.45 million. Model N had a net margin of 0.10% and a return on equity of 6.94%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) EPS. Research analysts anticipate that Model N will post 0.2 EPS for the current year.

Insider Transactions at Model N

In related news, insider Laura Selig sold 2,655 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $25.32, for a total transaction of $67,224.60. Following the completion of 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Laura Selig sold 2,655 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $25.32, for a total transaction of $67,224.60. Following the completion of 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John Ederer sold 8,018 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $25.31, for a total transaction of $202,935.58. Following the transaction, the chief financial officer now directly owns 307,127 shares of the company’s stock, valued at $7,773,384.37. The disclosure for this sale can be found here. Insiders sold a total of 71,167 shares of company stock valued at $2,033,732 over the last three months. Corporate insiders own 2.55% of the company’s stock.

Hedge Funds Weigh In On Model N

Several institutional investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. lifted its position in Model N by 2.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 13,865 shares of the software maker’s stock valued at $395,000 after purchasing an additional 355 shares during the last quarter. Gagnon Securities LLC lifted its holdings in shares of Model N by 8.7% in the 1st quarter. Gagnon Securities LLC now owns 8,425 shares of the software maker’s stock worth $240,000 after acquiring an additional 677 shares during the last quarter. EntryPoint Capital LLC lifted its holdings in shares of Model N by 24.8% in the 1st quarter. EntryPoint Capital LLC now owns 3,723 shares of the software maker’s stock worth $106,000 after acquiring an additional 741 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Model N by 6.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,130 shares of the software maker’s stock worth $461,000 after acquiring an additional 1,043 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Model N by 14.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,235 shares of the software maker’s stock worth $249,000 after acquiring an additional 1,181 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.