Shares of Model N, Inc. (NYSE:MODN) have been assigned an average rating of “Buy” from the nine brokerages that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $14.00.

Several analysts recently issued reports on the company. BidaskClub upgraded Model N from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 30th. Zacks Investment Research downgraded Model N from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Finally, ValuEngine upgraded Model N from a “sell” rating to a “hold” rating in a research note on Friday, September 1st.

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In other news, SVP Amelia Generalis sold 6,298 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $13.35, for a total transaction of $84,078.30. Following the completion of the sale, the senior vice president now directly owns 70,436 shares in the company, valued at approximately $940,320.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 20.40% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Prescott Group Capital Management L.L.C. bought a new stake in shares of Model N during the 2nd quarter valued at $140,000. Prudential Financial Inc. bought a new stake in shares of Model N during the 2nd quarter valued at $141,000. American International Group Inc. lifted its position in shares of Model N by 7.1% during the 1st quarter. American International Group Inc. now owns 13,678 shares of the software maker’s stock valued at $143,000 after acquiring an additional 904 shares during the period. Voya Investment Management LLC lifted its position in shares of Model N by 14.7% during the 2nd quarter. Voya Investment Management LLC now owns 14,963 shares of the software maker’s stock valued at $199,000 after acquiring an additional 1,915 shares during the period. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Model N during the 2nd quarter valued at $221,000. Hedge funds and other institutional investors own 65.87% of the company’s stock.

Shares of Model N (NYSE MODN) traded up 0.34% on Thursday, hitting $14.60. The company had a trading volume of 25,129 shares. The firm has a 50-day moving average price of $13.92 and a 200 day moving average price of $12.69. The company’s market capitalization is $424.76 million. Model N has a 12-month low of $6.97 and a 12-month high of $15.05.

Model N (NYSE:MODN) last released its quarterly earnings results on Tuesday, August 8th. The software maker reported ($0.23) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.27) by $0.04. The business had revenue of $34.20 million during the quarter, compared to the consensus estimate of $34.41 million. Model N had a negative return on equity of 52.59% and a negative net margin of 30.85%. The firm’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.16) EPS. Equities analysts expect that Model N will post ($0.62) EPS for the current year.

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.

Analyst Recommendations for Model N (NYSE:MODN)

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