Model N (NYSE:MODN)‘s stock had its “hold” rating restated by equities researchers at Raymond James Financial in a report issued on Monday.

A number of other equities analysts have also commented on the stock. Zacks Investment Research raised shares of Model N from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Monday, November 13th. BidaskClub lowered shares of Model N from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 24th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Model N currently has a consensus rating of “Buy” and an average target price of $14.75.

Shares of Model N (NYSE:MODN) traded up $0.05 during trading hours on Monday, reaching $15.85. 189,613 shares of the company were exchanged, compared to its average volume of 151,765. Model N has a 1 year low of $7.90 and a 1 year 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 issued its earnings results on Tuesday, November 7th. The software maker reported ($0.06) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.03. The firm 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% compared to the same quarter last year. During the same period last year, the firm posted ($0.28) earnings per share. sell-side analysts anticipate that Model N will post -0.64 EPS for the current year.

In other Model N news, Director Alan S. Henricks sold 13,475 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $14.50, for a total value of $195,387.50. Following the completion of the sale, the director now owns 40,134 shares in the company, valued at approximately $581,943. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO David Barter sold 3,596 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was 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 of the company’s stock, valued at approximately $1,636,053.40. The disclosure for this sale can be found here. Insiders sold a total of 21,801 shares of company stock valued at $317,080 in the last ninety days. Company insiders own 20.40% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Model N by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 934,866 shares of the software maker’s stock valued at $9,770,000 after purchasing an additional 21,555 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Model N by 4.2% during the 1st quarter. Geode Capital Management LLC now owns 189,226 shares of the software maker’s stock valued at $1,977,000 after purchasing an additional 7,707 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Model N by 61.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 45,800 shares of the software maker’s stock valued at $479,000 after purchasing an additional 17,500 shares in the last quarter. Metropolitan Life Insurance Co. NY bought a new position in shares of Model N during the 1st quarter valued at $175,000. Finally, Rhumbline Advisers raised its holdings in shares of Model N by 3.7% during the 2nd quarter. Rhumbline Advisers now owns 25,302 shares of the software maker’s stock valued at $337,000 after purchasing an additional 905 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

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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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