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.

Several institutional investors have recently bought and sold shares of MODN. Prudential Financial Inc. acquired a new position in shares of Model N during the 2nd quarter worth about $141,000. American International Group Inc. boosted its stake in shares of Model N by 7.1% during the 1st quarter. American International Group Inc. now owns 13,678 shares of the software maker’s stock worth $143,000 after buying an additional 904 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Model N during the 3rd quarter worth about $154,000. Metropolitan Life Insurance Co. NY acquired a new position in shares of Model N during the 1st quarter worth about $175,000. Finally, Voya Investment Management LLC boosted its stake in shares of Model N by 14.7% during the 2nd quarter. Voya Investment Management LLC now owns 14,963 shares of the software maker’s stock worth $199,000 after buying an additional 1,915 shares during the last quarter. Institutional investors own 65.77% 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.

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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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