Model N (NYSE:MODN) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Model N (NYSE:MODN) in a report issued on Monday morning. The brokerage issued a hold rating on the software maker’s stock.

MODN has been the subject of several other research reports. Craig Hallum reaffirmed a hold rating and set a $30.00 target price on shares of Model N in a research note on Tuesday, April 9th. JMP Securities reaffirmed a market perform rating on shares of Model N in a research note on Monday, May 6th. Royal Bank of Canada reaffirmed a sector perform rating and set a $30.00 target price on shares of Model N in a research note on Tuesday, April 9th. 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 note on Wednesday, April 10th. Finally, Needham & Company LLC reaffirmed a hold rating on shares of Model N in a research note on Tuesday, May 7th. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $31.80.

Model N Trading Up 0.0 %

Shares of MODN stock opened at $29.83 on Monday. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -2,983,000.00 and a beta of 0.68. The stock has a 50-day moving average of $28.77 and a 200-day moving average of $26.62. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 2.05. Model N has a 1-year low of $20.90 and a 1-year high of $35.96.

Model N (NYSE:MODN) last issued its quarterly earnings results on Monday, May 6th. The software maker reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02). The company had revenue of $65.10 million during the quarter, compared to analyst estimates of $64.45 million. Model N had a net margin of 0.10% and a return on equity of 6.94%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.05) EPS. On average, equities research analysts forecast that Model N will post 0.2 earnings per share for the current year.

Insider Activity

In other news, insider Laura Selig sold 5,411 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $29.79, for a total value of $161,193.69. Following the transaction, the insider now owns 136,106 shares in the company, valued at $4,054,597.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Laura Selig sold 5,411 shares of Model N stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $29.79, for a total transaction of $161,193.69. Following the sale, the insider now directly owns 136,106 shares in the company, valued at $4,054,597.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jason Blessing sold 20,179 shares of Model N stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $29.79, for a total value of $601,132.41. Following the sale, the chief executive officer now owns 884,172 shares in the company, valued at $26,339,483.88. The disclosure for this sale can be found here. Insiders have sold 64,414 shares of company stock worth $1,832,223 over the last 90 days. 2.55% of the stock is currently owned by corporate insiders.

Institutional Trading of Model N

Hedge funds have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. increased its position in Model N by 2.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 13,865 shares of the software maker’s stock worth $395,000 after buying an additional 355 shares during the last quarter. Gagnon Securities LLC increased its position in Model N by 8.7% in the first quarter. Gagnon Securities LLC now owns 8,425 shares of the software maker’s stock worth $240,000 after buying an additional 677 shares during the last quarter. EntryPoint Capital LLC increased its position in Model N by 24.8% in the first quarter. EntryPoint Capital LLC now owns 3,723 shares of the software maker’s stock worth $106,000 after buying an additional 741 shares during the last quarter. Lmcg Investments LLC increased its position in Model N by 2.1% in the third quarter. Lmcg Investments LLC now owns 40,660 shares of the software maker’s stock worth $993,000 after buying an additional 830 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Model N by 6.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,130 shares of the software maker’s stock worth $461,000 after buying an additional 1,043 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.