Model N (NYSE:MODN) Issues Q1 2022 Earnings Guidance

Model N (NYSE:MODN) updated its first quarter 2022 earnings guidance on Tuesday. The company provided earnings per share guidance of $0.080-$0.090 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.090. The company issued revenue guidance of $49.50 million-$50 million, compared to the consensus revenue estimate of $51.22 million.Model N also updated its FY 2022 guidance to $0.440-$0.490 EPS.

NYSE MODN traded up $0.11 on Thursday, reaching $29.25. The company had a trading volume of 226,808 shares, compared to its average volume of 232,007. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of -34.82 and a beta of 0.88. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.00. Model N has a fifty-two week low of $28.35 and a fifty-two week high of $48.20. The business has a 50 day moving average price of $33.75.

Model N (NYSE:MODN) last issued its quarterly earnings results on Tuesday, November 9th. The software maker reported $0.18 earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.30. Model N had a negative return on equity of 8.27% and a negative net margin of 15.37%. During the same period in the previous year, the business earned ($0.01) earnings per share. On average, equities research analysts forecast that Model N will post -0.43 EPS for the current year.

Several equities research analysts have recently commented on MODN shares. JMP Securities decreased their price objective on Model N from $55.00 to $45.00 and set a market outperform rating for the company in a report on Wednesday, November 10th. Needham & Company LLC reduced their price target on shares of Model N from $50.00 to $45.00 and set a buy rating on the stock in a research report on Wednesday, November 10th. Finally, Craig Hallum upgraded shares of Model N from a hold rating to a buy rating and boosted their price objective for the stock from $40.00 to $41.00 in a report on Tuesday, August 10th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Buy and an average target price of $46.20.

In other news, insider Mark Albert Anderson sold 2,011 shares of the business’s stock in a transaction that occurred on Tuesday, November 16th. The stock was sold at an average price of $32.37, for a total transaction of $65,096.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Christopher Lyon sold 3,457 shares of the firm’s stock in a transaction on Tuesday, November 16th. The stock was sold at an average price of $32.37, for a total value of $111,903.09. The disclosure for this sale can be found here. Insiders sold 25,216 shares of company stock valued at $823,950 in the last quarter. 1.80% of the stock is owned by company insiders.

A hedge fund recently raised its stake in Model N stock. Bank of New York Mellon Corp increased its stake in shares of Model N, Inc. (NYSE:MODN) by 7.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 127,737 shares of the software maker’s stock after purchasing an additional 8,968 shares during the quarter. Bank of New York Mellon Corp owned 0.36% of Model N worth $4,280,000 as of its most recent SEC filing. Institutional investors own 93.70% of the company’s stock.

Model N Company Profile

Model N, Inc engages in the provision of revenue management cloud solutions for the life science and technology industries. Its solutions include two complementary suites of software applications: Revenue Management Enterprise and Revenue Management Intelligence. The Revenue Management Enterprise suite serves as the system of record for and automates the execution of revenue management processes such as pricing, contracting and incentive & rebate management.

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Earnings History and Estimates for Model N (NYSE:MODN)

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