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Stock analysts at Northland Securities assumed coverage on shares of Model N (NASDAQ:MODN) in a report issued on Wednesday, reports. The firm set an “outperform” rating on the stock.

Shares of Model N (NASDAQ:MODN) traded down 2.31% on Wednesday, hitting $9.71. 94,035 shares of the company’s stock traded hands. Model N has a 52-week low of $7.55 and a 52-week high of $24.80. The stock’s 50-day moving average is $10.80 and its 200-day moving average is $10.71. The company’s market cap is $240.3 million.

Model N (NASDAQ:MODN) last released its earnings data on Thursday, May 1st. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.09. The company had revenue of $20.70 million for the quarter, compared to the consensus estimate of $20.31 million. During the same quarter in the previous year, the company posted ($0.01) earnings per share. The company’s revenue for the quarter was down 15.9% on a year-over-year basis. Analysts expect that Model N will post $-0.41 EPS for the current fiscal year.

MODN has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Model N in a research note on Friday, May 2nd. They now have a $18.00 price target on the stock. Analysts at Zacks downgraded shares of Model N from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 15th. They now have a $11.60 price target on the stock. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $18.52.

Model N Inc is a United States-based company, which provides revenue management solutions for the life science and technology industries.

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