Model N, Inc. (MODN) Receives Average Rating of “Buy” from Analysts

Model N, Inc. (NYSE:MODN) has earned a consensus recommendation of “Buy” from the six ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $16.33.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Model N from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. ValuEngine upgraded shares of Model N from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub upgraded shares of Model N from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th.

In related news, CFO David Barter sold 3,596 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $14.65, for a total transaction of $52,681.40. Following the completion of the sale, the chief financial officer now owns 111,676 shares in the company, valued at approximately $1,636,053.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Amelia Generalis sold 6,298 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $13.35, for a total transaction of $84,078.30. Following the sale, the senior vice president now owns 70,436 shares of the company’s stock, valued at approximately $940,320.60. The disclosure for this sale can be found here. Insiders have sold a total of 28,099 shares of company stock valued at $401,158 in the last quarter. 20.40% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the business. Trexquant Investment LP bought a new stake in Model N during the 3rd quarter worth about $154,000. Prudential Financial Inc. bought a new stake in Model N during the 2nd quarter worth about $141,000. American International Group Inc. grew its holdings in Model N by 7.1% during the 1st quarter. American International Group Inc. now owns 13,678 shares of the software maker’s stock worth $143,000 after acquiring an additional 904 shares during the last quarter. Voya Investment Management LLC grew its holdings in Model N by 14.7% during the 2nd quarter. Voya Investment Management LLC now owns 14,963 shares of the software maker’s stock worth $199,000 after acquiring an additional 1,915 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in Model N during the 2nd quarter worth about $221,000. 65.69% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Model N (NYSE:MODN) remained flat at $$16.25 during mid-day trading on Friday. 251,200 shares of the company’s stock traded hands, compared to its average volume of 150,964. Model N has a twelve month low of $7.90 and a twelve month high of $16.75. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.27.

Model N (NYSE:MODN) last announced its earnings results on Tuesday, November 7th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. The business had revenue of $35.61 million during the quarter, compared to analysts’ expectations of $34.86 million. Model N had a negative net margin of 30.15% and a negative return on equity of 55.26%. The firm’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.28) EPS. sell-side analysts forecast that Model N will post -0.63 earnings per share for the current year.

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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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