Equities research analysts predict that Model N Inc (NYSE:MODN) will post sales of $34.09 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Model N’s earnings, with estimates ranging from $33.99 million to $34.17 million. Model N posted sales of $39.62 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 14%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, August 6th.

On average, analysts expect that Model N will report full year sales of $139.37 million for the current year, with estimates ranging from $139.18 million to $139.50 million. For the next year, analysts anticipate that the business will post sales of $153.93 million, with estimates ranging from $152.52 million to $155.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Model N.

Model N (NYSE:MODN) last posted its quarterly earnings results on Tuesday, May 7th. The software maker reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.20. Model N had a negative net margin of 20.30% and a negative return on equity of 56.80%. The company had revenue of $34.84 million for the quarter, compared to the consensus estimate of $34.52 million. During the same period last year, the company posted $0.02 EPS. The firm’s quarterly revenue was down 11.2% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on MODN shares. National Securities restated a “buy” rating and issued a $23.00 price target on shares of Model N in a research note on Tuesday, February 19th. Chardan Capital restated a “buy” rating and issued a $23.00 price target on shares of Model N in a research note on Monday, May 20th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $22.00.

In related news, CFO David Barter sold 8,031 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $18.89, for a total value of $151,705.59. Following the completion of the transaction, the chief financial officer now owns 179,033 shares in the company, valued at approximately $3,381,933.37. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jason Blessing sold 12,022 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $18.89, for a total transaction of $227,095.58. Following the completion of the transaction, the chief executive officer now owns 362,184 shares of the company’s stock, valued at approximately $6,841,655.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,833 shares of company stock valued at $467,895. 1.20% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its holdings in Model N by 0.7% during the 4th quarter. Bank of New York Mellon Corp now owns 96,115 shares of the software maker’s stock worth $1,271,000 after purchasing an additional 682 shares during the last quarter. Boston Partners bought a new position in Model N during the 4th quarter worth approximately $1,334,000. Citigroup Inc. raised its holdings in Model N by 43.6% during the 4th quarter. Citigroup Inc. now owns 11,218 shares of the software maker’s stock worth $148,000 after purchasing an additional 3,406 shares during the last quarter. Trigran Investments Inc. raised its holdings in Model N by 207.7% during the 4th quarter. Trigran Investments Inc. now owns 1,976,779 shares of the software maker’s stock worth $26,153,000 after purchasing an additional 1,334,408 shares during the last quarter. Finally, Portolan Capital Management LLC raised its holdings in Model N by 138.8% during the 4th quarter. Portolan Capital Management LLC now owns 487,266 shares of the software maker’s stock worth $6,447,000 after purchasing an additional 283,196 shares during the last quarter. Institutional investors and hedge funds own 75.17% of the company’s stock.

Shares of MODN traded up $0.08 during mid-day trading on Friday, reaching $19.06. The company had a trading volume of 138,114 shares, compared to its average volume of 152,619. Model N has a 1-year low of $12.60 and a 1-year high of $20.33. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.86. The company has a market cap of $616.52 million, a P/E ratio of -26.11 and a beta of 0.55.

About Model N

Model N, Inc provides revenue management cloud solutions for the life sciences and technology companies. The company's cloud-based revenue management solutions include Revenue Cloud for Pharma, Revenue Cloud for Med Tech, and Revenue Cloud for Semiconductors and High Tech Manufacturing. 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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