Equities research analysts expect Model N, Inc. (NYSE:MODN) to post earnings of ($0.06) per share for the current quarter, Zacks reports. Three analysts have made estimates for Model N’s earnings, with the highest EPS estimate coming in at ($0.06) and the lowest estimate coming in at ($0.07). Model N reported earnings of ($0.15) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 60%. The business is expected to announce its next earnings results on Monday, February 5th.

According to Zacks, analysts expect that Model N will report full-year earnings of ($0.20) per share for the current financial year, with EPS estimates ranging from ($0.30) to ($0.14). For the next financial year, analysts forecast that the firm will report earnings of $0.11 per share, with EPS estimates ranging from $0.05 to $0.20. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Model N.

Model N (NYSE:MODN) last issued its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.06) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.03. Model N had a negative return on equity of 55.26% and a negative net margin of 30.15%. The company had revenue of $35.61 million during the quarter, compared to analysts’ expectations of $34.86 million. During the same quarter in the previous year, the business earned ($0.28) earnings per share. The firm’s revenue for the quarter was up 24.9% on a year-over-year basis.

MODN has been the subject of a number of research reports. Zacks Investment Research cut Model N from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. ValuEngine upgraded Model N from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub cut Model N from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Raymond James Financial reiterated a “hold” rating on shares of Model N in a research note on Monday, December 4th. Finally, J P Morgan Chase & Co cut Model N from an “overweight” rating to a “neutral” rating and set a $18.00 price objective for the company. in a research note on Tuesday. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Model N has an average rating of “Buy” and a consensus target price of $16.75.

In other news, CFO David Barter sold 3,596 shares of the company’s 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 in the company, valued at $1,636,053.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan S. Henricks sold 13,475 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $14.50, for a total value of $195,387.50. Following the sale, the director now owns 40,134 shares of the company’s stock, valued at approximately $581,943. The disclosure for this sale can be found here. Insiders have sold 21,801 shares of company stock valued at $317,080 in the last 90 days. Company insiders own 20.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. SQN Investors LP raised its stake in shares of Model N by 28.8% during the second quarter. SQN Investors LP now owns 2,805,028 shares of the software maker’s stock worth $37,307,000 after purchasing an additional 627,700 shares during the last quarter. Trigran Investments Inc. raised its stake in shares of Model N by 14.9% during the third quarter. Trigran Investments Inc. now owns 984,594 shares of the software maker’s stock worth $14,720,000 after purchasing an additional 127,982 shares during the last quarter. Vanguard Group Inc. grew its holdings in Model N by 3.0% during the second quarter. Vanguard Group Inc. now owns 963,235 shares of the software maker’s stock worth $12,811,000 after acquiring an additional 28,369 shares during the period. Redmile Group LLC grew its holdings in Model N by 4.4% during the second quarter. Redmile Group LLC now owns 858,314 shares of the software maker’s stock worth $11,416,000 after acquiring an additional 36,000 shares during the period. Finally, Lyon Street Capital LLC grew its holdings in Model N by 113.4% during the third quarter. Lyon Street Capital LLC now owns 576,785 shares of the software maker’s stock worth $8,623,000 after acquiring an additional 306,522 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Shares of Model N (NYSE MODN) opened at $15.60 on Thursday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.13 and a quick ratio of 1.13. Model N has a 52 week low of $8.10 and a 52 week high of $16.75.

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About Model N

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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