Model N Inc (NYSE:MODN) – Equities researchers at Dougherty & Co issued their Q2 2018 earnings estimates for shares of Model N in a research note issued to investors on Wednesday. Dougherty & Co analyst R. Mattson anticipates that the software maker will post earnings per share of ($0.18) for the quarter. Dougherty & Co currently has a “Buy” rating and a $20.00 price objective on the stock. Dougherty & Co also issued estimates for Model N’s FY2018 earnings at ($0.57) EPS.

Model N (NYSE:MODN) last released its earnings results on Tuesday, February 6th. The software maker reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.09. Model N had a negative return on equity of 55.03% and a negative net margin of 26.17%. The firm had revenue of $39.10 million during the quarter, compared to analysts’ expectations of $37.14 million. During the same period in the prior year, the company earned ($0.15) earnings per share. The company’s quarterly revenue was up 39.1% on a year-over-year basis.

A number of other research analysts have also recently commented on MODN. BidaskClub cut Model N from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. ValuEngine upgraded Model N from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. JMP Securities upgraded Model N from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 7th. Raymond James Financial reiterated a “hold” rating on shares of Model N in a research note on Monday, December 4th. Finally, Zacks Investment Research cut Model N from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Model N currently has an average rating of “Hold” and an average target price of $18.00.

Model N (NYSE MODN) opened at $17.35 on Monday. Model N has a 12 month low of $9.75 and a 12 month high of $17.65. The company has a market capitalization of $496.79, a price-to-earnings ratio of -13.45 and a beta of 1.06. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.29.

A number of hedge funds and other institutional investors have recently bought and sold shares of MODN. Renaissance Technologies LLC increased its holdings in Model N by 62.1% in the fourth quarter. Renaissance Technologies LLC now owns 911,700 shares of the software maker’s stock valued at $14,359,000 after purchasing an additional 349,300 shares during the period. Lyon Street Capital LLC increased its holdings in Model N by 113.4% in the third quarter. Lyon Street Capital LLC now owns 576,785 shares of the software maker’s stock valued at $8,623,000 after purchasing an additional 306,522 shares during the period. PenderFund Capital Management Ltd. acquired a new stake in Model N in the fourth quarter valued at $2,224,000. Trigran Investments Inc. increased its holdings in Model N by 14.9% in the third quarter. Trigran Investments Inc. now owns 984,594 shares of the software maker’s stock valued at $14,720,000 after purchasing an additional 127,982 shares during the period. Finally, Nicholas Investment Partners LP acquired a new stake in Model N in the fourth quarter valued at $1,873,000. Institutional investors and hedge funds own 65.56% 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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