Model N (NYSE:MODN) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Model N (NYSE:MODN) in a research report report published on Friday. The brokerage issued a hold rating on the software maker’s stock.

Several other research firms also recently commented on MODN. Royal Bank of Canada reissued a sector perform rating and set a $30.00 price target 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 research note on Tuesday, April 9th. Needham & Company LLC reaffirmed a hold rating on shares of Model N in a research note on Tuesday, May 7th. Morgan Stanley reaffirmed an equal weight rating and issued a $30.00 target price (down from $37.00) on shares of Model N in a research note on Wednesday, April 10th. Finally, Robert W. Baird reaffirmed a neutral rating and issued a $30.00 target price on shares of Model N in a research note on Monday, April 8th. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $31.80.

Model N Trading Up 0.1 %

Shares of MODN opened at $29.98 on Friday. The company has a market capitalization of $1.18 billion, a P/E ratio of -2,998,000.00 and a beta of 0.68. Model N has a 1-year low of $20.90 and a 1-year high of $35.96. The firm’s 50 day simple moving average is $29.80 and its 200 day simple moving average is $27.56. The company has a debt-to-equity ratio of 2.05, a current ratio of 3.86 and a quick ratio of 3.86.

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

Insider Activity at Model N

In related news, insider Laura Selig sold 5,411 shares of Model N stock in a transaction on Thursday, May 16th. The shares were 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 in the company, valued at $4,054,597.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other 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 sale, the insider now owns 136,106 shares in the company, valued at approximately $4,054,597.74. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jason Blessing sold 20,179 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 $601,132.41. Following the sale, the chief executive officer now owns 884,172 shares in the company, valued at approximately $26,339,483.88. The disclosure for this sale can be found here. Insiders have sold a total of 51,870 shares of company stock worth $1,545,545 over the last quarter. Corporate insiders own 2.55% of the company’s stock.

Institutional Trading of Model N

Hedge funds have recently modified their holdings of the business. Madison Asset Management LLC boosted its holdings in shares of Model N by 24.9% during the 4th quarter. Madison Asset Management LLC now owns 161,989 shares of the software maker’s stock valued at $4,362,000 after buying an additional 32,301 shares in the last quarter. Conestoga Capital Advisors LLC boosted its stake in Model N by 15.3% in the 4th 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. boosted its stake in Model N by 5.1% in the 3rd 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. boosted its stake in Model N by 63.8% in the 4th 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 boosted its stake in Model N by 38.0% in the 4th 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.