A number of firms have modified their ratings and price targets on shares of Model N (NYSE: MODN) recently:

  • 9/5/2017 – Model N was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Model N is a leading provider of revenue management solutions primarily to life sciences and high technology companies. Third-quarter results reflected company's expanding  product portfolio post the Revitas acquisition. Also the company is benefiting from a growing customer base, and cost synergies from acquisitions. The company continues to win deals both in the life sciences and high technology market that will drive top-line growth. Moreover, the transition to cloud-based applications will drive recurring revenue growth in the long term. We note that the company has outperformed the industry on a year-to-date basis. However, lack of international customers, mounting operating loss, continuing cash burn and stretched valuation are major headwinds.”
  • 9/4/2017 – Model N was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $15.00 price target on the stock. According to Zacks, “Model N is a leading provider of revenue management solutions primarily to life sciences and high technology companies. Third-quarter results reflected company's expanding  product portfolio post the Revitas acquisition. Also the company is benefiting from a growing customer base, and cost synergies from acquisitions. The company continues to win deals both in the life sciences and high technology market that will drive top-line growth. Moreover, the transition to cloud-based applications will drive recurring revenue growth in the long term. We note that the company has outperformed the industry on a year-to-date basis. However, lack of international customers, mounting operating loss, continuing cash burn and stretched valuation are major headwinds.”
  • 9/1/2017 – Model N was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 8/24/2017 – Model N was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 8/17/2017 – Model N was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/17/2017 – Model N was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Model N is a leading provider of revenue management solutions primarily to life sciences and high technology companies. Third-quarter results reflected company's expanding  product portfolio post the Revitas acquisition. Also, a growing customer base, and cost synergies from acquisitions are benefiting the company. The company continues to win deals both in the life sciences and high technology market that will drive top-line growth. Moreover, the transition to cloud-based applications will drive recurring revenue growth in the long term. We note that the company has outperformed the industry on a year-to-date basis. However, lack of international customers, mounting operating loss, continuing cash burn and stretched valuation are major headwinds.”
  • 8/14/2017 – Model N was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $15.00 price target on the stock. According to Zacks, “Model N is a leading provider of revenue management solutions primarily to life sciences and high technology companies. Third-quarter results reflected company's expanding  product portfolio post the Revitas acquisition. Also, a growing customer base, and cost synergies from acquisitions are benefiting the company. The company continues to win deals both in the life sciences and high technology market that will drive top-line growth. Moreover, the transition to cloud-based applications will drive recurring revenue growth in the long term. We note that the company has outperformed the industry on a year-to-date basis. However, lack of international customers, mounting operating loss, continuing cash burn and stretched valuation are major headwinds.”
  • 8/9/2017 – Model N was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/10/2017 – Model N was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Model N is a leading provider of revenue management solutions primarily to life sciences and high technology companies. The company is expanding its product portfolio post the Revitas acquisition. Also, a growing customer base, and cost synergies from acquisitions are likely to benefit the company. The company continues to win deals both in the life sciences and high technology market that will drive top-line growth. Moreover, the transition to cloud-based applications will drive recurring revenue growth in the long term. We note that the company has outperformed the broader industry on a year-to-date basis. Meanwhile, estimates have been stable lately ahead of the company's Q3 earnings release. The company has a positive record of earnings surprise in the recent quarters. However, lack of international customers, mounting operating loss, continuing cash burn and stretched valuation are major headwinds.”

Shares of Model N, Inc. (NYSE MODN) traded up 0.76% during mid-day trading on Friday, hitting $13.30. The stock had a trading volume of 59,699 shares. The firm’s 50 day moving average price is $13.22 and its 200-day moving average price is $12.03. The company’s market cap is $386.94 million. Model N, Inc. has a one year low of $6.97 and a one year high of $13.75.

Model N (NYSE:MODN) last issued its quarterly earnings data on Tuesday, August 8th. The software maker reported ($0.23) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.04. The firm had revenue of $34.20 million during the quarter, compared to analysts’ expectations of $34.41 million. Model N had a negative net margin of 30.85% and a negative return on equity of 52.59%. Model N’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.16) earnings per share. On average, equities research analysts anticipate that Model N, Inc. will post ($0.62) earnings per share for the current fiscal year.

In related news, SVP Amelia Generalis sold 3,758 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $13.30, for a total value of $49,981.40. Following the completion of the sale, the senior vice president now directly owns 76,734 shares in the company, valued at $1,020,562.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 20.40% of the company’s stock.

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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