Model N (MODN) Given Daily Media Impact Score of 0.11
News stories about Model N (NYSE:MODN) have been trending somewhat positive on Friday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Model N earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the software maker an impact score of 46.2964443068843 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several brokerages have recently commented on MODN. BidaskClub upgraded shares of Model N from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. Zacks Investment Research lowered shares of Model N from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Dougherty & Co started coverage on shares of Model N in a research note on Thursday, June 29th. They issued a “buy” rating and a $17.00 target price on the stock. Chardan Capital started coverage on shares of Model N in a research note on Friday, May 19th. They issued a “buy” rating and a $16.00 target price on the stock. Finally, Craig Hallum upgraded shares of Model N from a “hold” rating to a “buy” rating in a research note on Tuesday, May 9th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $13.50.
Model N (NYSE:MODN) traded up 0.37% during trading on Friday, hitting $13.45. 62,281 shares of the stock were exchanged. Model N has a 52 week low of $6.97 and a 52 week high of $13.75. The stock’s market capitalization is $391.30 million. The firm has a 50-day moving average of $13.12 and a 200-day moving average of $11.81.
Model N (NYSE:MODN) last issued its quarterly earnings results on Tuesday, August 8th. The software maker reported ($0.23) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.04. The firm had revenue of $34.20 million during the quarter, compared to the consensus estimate of $34.41 million. Model N had a negative return on equity of 52.59% and a negative net margin of 30.85%. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter last year, the company posted ($0.16) EPS. Equities research analysts anticipate that Model N will post ($0.62) earnings per share for the current fiscal year.
In other news, SVP Amelia Generalis sold 3,758 shares of Model N stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $13.30, for a total transaction of $49,981.40. Following the completion of the sale, the senior vice president now owns 76,734 shares in the company, valued at approximately $1,020,562.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 20.40% of the company’s stock.
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About Model N
Model N, Inc is a provider of revenue management solutions for life science and technology companies. The Company’s solutions enable its customers to maximize revenues and reduce revenue compliance risk by transforming their revenue life cycle from a series of tactical, disjointed operations into a strategic end-to-end process.
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