Model N Inc (NYSE:MODN) – Analysts at Dougherty & Co issued their Q1 2019 earnings per share estimates for shares of Model N in a report released on Thursday, November 8th. Dougherty & Co analyst G. Mannheimer anticipates that the software maker will earn ($0.12) per share for the quarter.

Model N (NYSE:MODN) last posted its quarterly earnings data on Tuesday, November 6th. The software maker reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.05. Model N had a negative net margin of 18.24% and a negative return on equity of 54.37%. The firm had revenue of $36.70 million for the quarter, compared to analyst estimates of $35.49 million. During the same period last year, the firm posted ($0.06) EPS. Model N’s quarterly revenue was up 3.1% on a year-over-year basis.

Several other equities research analysts have also commented on MODN. Needham & Company LLC initiated coverage on shares of Model N in a research report on Wednesday, July 18th. They set a “buy” rating and a $23.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on shares of Model N to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 7th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Model N from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. JMP Securities restated a “buy” rating and set a $25.00 target price on shares of Model N in a research report on Sunday, September 2nd. Finally, ValuEngine lowered shares of Model N from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Model N has an average rating of “Buy” and an average target price of $22.29.

Shares of NYSE MODN opened at $13.85 on Monday. The firm has a market cap of $446.57 million, a price-to-earnings ratio of -18.97 and a beta of 0.77. Model N has a one year low of $12.60 and a one year high of $20.33. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.18 and a current ratio of 1.18.

Several hedge funds and other institutional investors have recently modified their holdings of MODN. FMR LLC boosted its position in shares of Model N by 83.9% during the 3rd quarter. FMR LLC now owns 2,126,685 shares of the software maker’s stock worth $33,708,000 after purchasing an additional 970,095 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in shares of Model N by 976.8% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 882,446 shares of the software maker’s stock worth $13,987,000 after buying an additional 800,492 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Model N during the 3rd quarter worth $7,070,000. BlackRock Inc. raised its stake in shares of Model N by 25.0% during the 3rd quarter. BlackRock Inc. now owns 2,177,385 shares of the software maker’s stock worth $34,511,000 after buying an additional 434,804 shares during the last quarter. Finally, First Light Asset Management LLC raised its stake in shares of Model N by 25.2% during the 2nd quarter. First Light Asset Management LLC now owns 1,339,922 shares of the software maker’s stock worth $24,923,000 after buying an additional 269,899 shares during the last quarter. Institutional investors own 75.64% of the company’s stock.

About Model N

Model N, Inc provides revenue management cloud solutions for the life sciences, technology, and manufacturing companies. The company's cloud-based revenue management solutions include Revenue Cloud for Pharma, Revenue Cloud for Med Tech, Revenue Cloud for High Tech, and Revenue Cloud. It develops software applications, such as managed care and government pricing for life science companies; and channel incentives for technology companies.

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