Wall Street brokerages expect that Model N Inc (NYSE:MODN) will post $34.63 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Model N’s earnings. The highest sales estimate is $35.70 million and the lowest is $33.63 million. Model N posted sales of $27.92 million during the same quarter last year, which would indicate a positive year over year growth rate of 24%. The company is expected to announce its next earnings results on Monday, August 14th.

On average, analysts expect that Model N will report full year sales of $34.63 million for the current financial year, with estimates ranging from $129.71 million to $134.97 million. For the next year, analysts anticipate that the business will report sales of $148.55 million per share, with estimates ranging from $143.33 million to $154.56 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Model N.

Model N (NYSE:MODN) last announced its quarterly earnings results on Monday, May 8th. The software maker reported ($0.34) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.01. The business had revenue of $33.30 million for the quarter, compared to analyst estimates of $33.74 million. Model N had a negative return on equity of 89.02% and a negative net margin of 37.56%. The company’s quarterly revenue was up 27.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.21) earnings per share.

A number of research analysts have weighed in on MODN shares. Chardan Capital started coverage on Model N in a report on Friday, May 19th. They set a “buy” rating and a $16.00 target price on the stock. Zacks Investment Research downgraded Model N from a “hold” rating to a “sell” rating in a report on Friday, May 12th. Dougherty & Co started coverage on Model N in a report on Thursday, June 29th. They set a “buy” rating and a $17.00 target price on the stock. Finally, Craig Hallum upgraded Model N from a “hold” rating to a “buy” rating in a report on Tuesday, May 9th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $13.29.

Several hedge funds have recently modified their holdings of the company. American International Group Inc. boosted its stake in shares of Model N by 7.1% in the first quarter. American International Group Inc. now owns 13,678 shares of the software maker’s stock worth $143,000 after buying an additional 904 shares in the last quarter. Metropolitan Life Insurance Co. NY bought a new stake in shares of Model N during the first quarter worth approximately $175,000. Parametric Portfolio Associates LLC boosted its stake in shares of Model N by 32.9% in the first quarter. Parametric Portfolio Associates LLC now owns 24,618 shares of the software maker’s stock worth $257,000 after buying an additional 6,098 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Model N by 28.7% in the fourth quarter. Teachers Advisors LLC now owns 43,373 shares of the software maker’s stock worth $384,000 after buying an additional 9,674 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Model N by 61.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 45,800 shares of the software maker’s stock worth $479,000 after buying an additional 17,500 shares in the last quarter. 66.85% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Model N (NYSE MODN) traded up 0.39% on Friday, reaching $13.00. The company’s stock had a trading volume of 55,245 shares. The company’s 50 day moving average price is $12.88 and its 200 day moving average price is $10.62. Model N has a 12-month low of $6.98 and a 12-month high of $13.87. The company’s market cap is $374.41 million.

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Model N Company Profile

Model N, Inc is a provider of revenue management solutions for life science and technology companies. The Company’s solutions enable its customers to maximize revenues and reduce revenue compliance risk by transforming their revenue life cycle from a series of tactical, disjointed operations into a strategic end-to-end process.

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