Model N (NYSE:MODN) was downgraded by equities researchers at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a report issued on Tuesday.

Other equities analysts have also recently issued reports about the company. BidaskClub cut Model N from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 10th. Zacks Investment Research upgraded Model N from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Monday, September 25th. Finally, ValuEngine upgraded Model N from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $14.75.

Shares of Model N (NYSE:MODN) opened at $16.00 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.27. Model N has a one year low of $7.90 and a one year high of $16.75.

Model N (NYSE:MODN) last announced its quarterly earnings results on Tuesday, November 7th. The software maker reported ($0.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.03. The company 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 firm’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.28) earnings per share. equities analysts predict that Model N will post -0.64 EPS for the current year.

In other news, CFO David Barter sold 3,596 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $14.65, for a total value of $52,681.40. Following the completion of the transaction, the chief financial officer now directly owns 111,676 shares in the company, valued at approximately $1,636,053.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan S. Henricks sold 13,475 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $14.50, for a total value of $195,387.50. Following the completion of 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. 20.40% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Rhumbline Advisers boosted its holdings in shares of Model N by 3.7% in the 2nd quarter. Rhumbline Advisers now owns 25,302 shares of the software maker’s stock worth $337,000 after purchasing an additional 905 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Model N by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 80,185 shares of the software maker’s stock worth $1,066,000 after purchasing an additional 923 shares in the last quarter. Voya Investment Management LLC boosted its holdings in shares of Model N by 14.7% in the 2nd quarter. Voya Investment Management LLC now owns 14,963 shares of the software maker’s stock worth $199,000 after purchasing an additional 1,915 shares in the last quarter. First Light Asset Management LLC boosted its holdings in shares of Model N by 0.6% in the 2nd quarter. First Light Asset Management LLC now owns 423,211 shares of the software maker’s stock worth $5,629,000 after purchasing an additional 2,461 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in shares of Model N by 2.9% in the 2nd quarter. New York State Common Retirement Fund now owns 216,062 shares of the software maker’s stock worth $2,874,000 after purchasing an additional 6,099 shares in the last quarter. Hedge funds and other institutional investors own 65.77% 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.

Analyst Recommendations for Model N (NYSE:MODN)

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