Somewhat Favorable News Coverage Somewhat Unlikely to Impact Model N (MODN) Stock Price
Media stories about Model N (NYSE:MODN) have trended somewhat positive recently, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Model N earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 45.9549468636916 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- BidaskClub Upgrades Model N, Inc. (MODN) to Strong-Buy (americanbankingnews.com)
- -$0.09 Earnings Per Share Expected for Model N Inc (MODN) This Quarter (americanbankingnews.com)
- Model N to Host Life Sciences Commercial and Pricing Innovation Forum in Vienna, Austria – Business Wire (press release) (businesswire.com)
- Model N : to Host Life Sciences Commercial and Pricing Innovation Forum in Vienna, Austria (4-traders.com)
MODN has been the topic of several research analyst reports. Dougherty & Co initiated coverage on shares of Model N in a research note on Thursday, June 29th. They set a “buy” rating and a $17.00 price target on the stock. Zacks Investment Research raised shares of Model N from a “sell” rating to a “hold” rating in a research note on Monday, July 10th. BidaskClub cut shares of Model N from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 9th. Finally, ValuEngine raised shares of Model N from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Model N currently has an average rating of “Buy” and an average target price of $13.67.
Shares of Model N (NYSE:MODN) traded down 0.33% during trading on Friday, reaching $14.95. 66,570 shares of the company traded hands. Model N has a 12-month low of $6.97 and a 12-month high of $15.05. The company has a 50 day moving average price of $13.31 and a 200 day moving average price of $12.20. The firm’s market capitalization is $434.94 million.
Model N (NYSE:MODN) last posted its earnings results on Tuesday, August 8th. The software maker reported ($0.23) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.04. Model N had a negative net margin of 30.85% and a negative return on equity of 52.59%. The firm had revenue of $34.20 million for the quarter, compared to analyst estimates of $34.41 million. During the same period in the previous year, the firm posted ($0.16) EPS. The company’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, equities analysts predict that Model N will post ($0.62) EPS for the current year.
In other Model N news, SVP Amelia Generalis sold 6,298 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $13.35, for a total transaction of $84,078.30. Following the sale, the senior vice president now directly owns 70,436 shares of the company’s stock, valued at approximately $940,320.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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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