Model N (NYSE:MODN) Rating Reiterated by JMP Securities

Model N (NYSE:MODN)‘s stock had its “market perform” rating reissued by analysts at JMP Securities in a report released on Tuesday, Benzinga reports.

MODN has been the topic of several other research reports. Craig Hallum reissued a “hold” rating and issued a $30.00 price objective on shares of Model N in a research note on Tuesday, April 9th. Robert W. Baird reissued a “neutral” rating and issued a $30.00 price objective on shares of Model N in a research note on Monday, April 8th. StockNews.com started coverage on Model N in a research note on Thursday, April 18th. They issued a “hold” rating on the stock. Needham & Company LLC reissued a “hold” rating on shares of Model N in a research note on Monday. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $30.00 target price (down previously from $37.00) on shares of Model N in a research report on Wednesday, April 10th. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $31.80.

Model N Trading Up 0.2 %

Shares of MODN traded up $0.06 during mid-day trading on Tuesday, reaching $29.62. 131,893 shares of the company’s stock traded hands, compared to its average volume of 562,871. The stock has a market cap of $1.16 billion, a P/E ratio of -35.25 and a beta of 0.70. The stock’s 50-day moving average is $26.80 and its two-hundred day moving average is $25.73. Model N has a 12 month low of $20.90 and a 12 month high of $35.96. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.00 and a quick ratio of 4.00.

Model N (NYSE:MODN) last announced its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). Model N had a positive return on equity of 5.79% and a negative net margin of 12.48%. The firm had revenue of $63.49 million during the quarter, compared to the consensus estimate of $62.12 million. Research analysts forecast that Model N will post 0.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Model N

In other news, Director Dave Yarnold sold 5,000 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $26.88, for a total transaction of $134,400.00. Following the completion of the sale, the director now owns 22,012 shares in the company, valued at approximately $591,682.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Dave Yarnold sold 5,000 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $26.88, for a total transaction of $134,400.00. Following the completion of the sale, the director now owns 22,012 shares in the company, valued at approximately $591,682.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CRO Christopher Lyon sold 7,862 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $26.38, for a total value of $207,399.56. Following the sale, the executive now owns 237,845 shares of the company’s stock, valued at approximately $6,274,351.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,616 shares of company stock valued at $1,897,243. 2.55% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Model N

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. purchased a new position in Model N in the 3rd quarter worth $34,000. International Assets Investment Management LLC raised its stake in Model N by 1,594.0% in the 4th quarter. International Assets Investment Management LLC now owns 2,558 shares of the software maker’s stock worth $69,000 after acquiring an additional 2,407 shares during the last quarter. SG Americas Securities LLC purchased a new position in Model N in the 4th quarter worth $115,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Model N by 27.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,054 shares of the software maker’s stock worth $197,000 after acquiring an additional 1,743 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Model N by 14.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,235 shares of the software maker’s stock worth $249,000 after acquiring an additional 1,181 shares during the last quarter.

About Model N

Model N, Inc provides cloud revenue management solutions for life sciences and high-tech companies in the United States and internationally. The company offers Global Pricing Management, which minimizes price erosion of products; Global Tender Management that enhances revenue by enabling segmentation and targeting, optimal bid pricing, and post-award tracking; Provider Management, which minimizes rebate overpayments; Payer Management that minimizes revenue leakage and noncompliance of complex contracts; Government Pricing, which optimizes revenue, and reduces the risk of fines and other penalties; and Medicaid that enhances compliance with regulatory requirements and payments of rebate claims on a timely basis and at correct rates for government Medicaid programs, as well as Validata, State Pricing Transparency Management, Advanced Membership Management, and Intelligence Cloud.