Model N (NYSE:MODN) Announces Quarterly Earnings Results

Model N (NYSE:MODN) released its quarterly earnings data on Monday. The software maker reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02), Briefing.com reports. The business had revenue of $65.10 million during the quarter, compared to analysts’ expectations of $64.45 million. Model N had a positive return on equity of 5.79% and a negative net margin of 12.48%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.05) EPS.

Model N Price Performance

MODN opened at $29.69 on Tuesday. Model N has a 1 year low of $20.90 and a 1 year high of $35.96. The company has a debt-to-equity ratio of 2.26, a quick ratio of 4.00 and a current ratio of 4.00. The company’s 50 day simple moving average is $27.58 and its 200 day simple moving average is $26.16. The stock has a market capitalization of $1.16 billion, a PE ratio of -35.35 and a beta of 0.68.

Insiders Place Their Bets

In other news, CFO John Ederer sold 8,018 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $25.31, for a total transaction of $202,935.58. Following the completion of the sale, the chief financial officer now directly owns 307,127 shares in the company, valued at approximately $7,773,384.37. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Laura Selig sold 4,770 shares of Model N stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $26.38, for a total value of $125,832.60. Following the transaction, the insider now directly owns 143,866 shares of the company’s stock, valued at approximately $3,795,185.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John Ederer sold 8,018 shares of Model N stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $25.31, for a total value of $202,935.58. Following the completion of the transaction, the chief financial officer now directly owns 307,127 shares in the company, valued at $7,773,384.37. The disclosure for this sale can be found here. Insiders have sold a total of 72,616 shares of company stock valued at $1,897,243 over the last quarter. Company insiders own 2.55% of the company’s stock.

Analyst Ratings Changes

MODN has been the topic of several research reports. StockNews.com initiated coverage on Model N in a report on Saturday. They issued a “hold” rating on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Model N in a research report on Tuesday. Robert W. Baird restated a “neutral” rating and set a $30.00 price objective on shares of Model N in a research report on Monday, April 8th. Craig Hallum reiterated a “hold” rating and set a $30.00 target price on shares of Model N in a report on Tuesday, April 9th. Finally, JMP Securities reissued a “market perform” rating on shares of Model N in a report on Monday. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Model N currently has an average rating of “Hold” and an average price target of $31.80.

Model N Company Profile

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.