Model N, Inc. (MODN) Receives Consensus Rating of “Buy” from Analysts
Model N, Inc. (NYSE:MODN) has received a consensus rating of “Buy” from the seven brokerages that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $16.33.
A number of research firms have issued reports on MODN. Raymond James Financial reiterated a “hold” rating on shares of Model N in a report on Monday. Zacks Investment Research upgraded Model N from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Monday, August 14th. BidaskClub upgraded Model N from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Finally, ValuEngine upgraded Model N from a “sell” rating to a “hold” rating in a report on Friday, September 1st.
In other news, Director Alan S. Henricks sold 4,730 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $14.59, for a total transaction of $69,010.70. Following the completion of the transaction, the director now directly owns 40,134 shares in the company, valued at approximately $585,555.06. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alan S. Henricks sold 13,475 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $14.50, for a total transaction of $195,387.50. Following the transaction, the director now owns 40,134 shares of the company’s stock, valued at $581,943. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,801 shares of company stock valued at $317,080. Company insiders own 20.40% of the company’s stock.
Model N (NYSE:MODN) traded up $0.10 on Friday, hitting $15.95. 142,087 shares of the company were exchanged, compared to its average volume of 151,723. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.13 and a quick ratio of 1.13. Model N has a 1-year low of $7.90 and a 1-year high of $16.75.
Model N (NYSE:MODN) last released its earnings results on Tuesday, November 7th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.03. The firm had revenue of $35.61 million during the quarter, compared to analysts’ expectations of $34.86 million. Model N had a negative return on equity of 55.26% and a negative net margin of 30.15%. The company’s revenue was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.28) EPS. sell-side analysts forecast that Model N will post -0.64 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This report was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/12/07/model-n-inc-modn-receives-consensus-rating-of-buy-from-analysts.html.
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.
Receive News & Stock Ratings for Model N Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Model N Inc. and related stocks with our FREE daily email newsletter.