Model N (NYSE:MODN) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Model N (NYSE:MODN) in a research note released on Saturday. The firm issued a hold rating on the software maker’s stock.

Other equities analysts have also issued research reports about the company. Morgan Stanley reiterated an equal weight rating and issued a $30.00 price target (down previously from $37.00) on shares of Model N in a research report on Wednesday, April 10th. JMP Securities restated a market perform rating on shares of Model N in a research report on Tuesday, April 23rd. Royal Bank of Canada restated a sector perform rating and set a $30.00 price objective on shares of Model N in a research report on Tuesday, April 9th. Craig Hallum restated a hold rating and set a $30.00 price objective on shares of Model N in a research report on Tuesday, April 9th. Finally, Needham & Company LLC restated a hold rating on shares of Model N in a research report on Monday, April 22nd. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Model N presently has an average rating of Hold and an average target price of $31.80.

Model N Trading Down 0.4 %

NYSE:MODN opened at $29.69 on Friday. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 2.26. Model N has a 1-year low of $20.90 and a 1-year high of $35.96. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -35.35 and a beta of 0.68. The stock has a fifty day simple moving average of $27.58 and a 200 day simple moving average of $26.16.

Model N (NYSE:MODN) last released its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Model N had a negative net margin of 12.48% and a positive return on equity of 5.79%. The company had revenue of $63.49 million during the quarter, compared to analyst estimates of $62.12 million. Sell-side analysts forecast that Model N will post 0.2 earnings per share for the current year.

Insider Transactions at Model N

In other news, insider Laura Selig sold 4,770 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $26.38, for a total transaction of $125,832.60. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Laura Selig sold 4,770 shares of the firm’s stock in a transaction that occurred on 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jason Blessing sold 27,446 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $26.38, for a total value of $724,025.48. Following the completion of the transaction, the chief executive officer now directly owns 903,451 shares in the company, valued at $23,833,037.38. The disclosure for this sale can be found here. Insiders sold 72,616 shares of company stock valued at $1,897,243 in the last three months. Corporate insiders own 2.55% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. C M Bidwell & Associates Ltd. bought a new position in shares of Model N in the 3rd quarter valued at approximately $34,000. International Assets Investment Management LLC grew its holdings 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 valued at $69,000 after buying an additional 2,407 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Model N in the 4th quarter valued at approximately $115,000. Hardy Reed LLC acquired a new stake in Model N in the 1st quarter valued at approximately $219,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings 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 valued at $197,000 after buying an additional 1,743 shares during the last quarter.

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.