Wall Street brokerages expect that Model N Inc (NYSE:MODN) will post ($0.06) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Model N’s earnings, with the lowest EPS estimate coming in at ($0.07) and the highest estimate coming in at ($0.05). Model N posted 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 scheduled to issue its next quarterly earnings report after the market closes on Tuesday, February 6th.

According to Zacks, analysts expect that Model N will report full year earnings of ($0.16) per share for the current fiscal year, with EPS estimates ranging from ($0.18) to ($0.13). For the next financial year, analysts forecast that the business will report earnings of $0.10 per share, with EPS estimates ranging from $0.05 to $0.20. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Model N.

Model N (NYSE:MODN) last announced its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.06) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.03. The business had revenue of $35.61 million for the quarter, compared to analyst estimates of $34.86 million. Model N had a negative net margin of 30.15% and a negative return on equity of 55.26%. The company’s revenue was up 24.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.28) EPS.

Several brokerages have recently weighed in on MODN. Zacks Investment Research lowered shares of Model N from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Dougherty & Co increased their target price on shares of Model N from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. JPMorgan Chase & Co. downgraded shares of Model N from an “overweight” rating to a “neutral” rating and set a $18.00 target price for the company. in a research report on Tuesday, December 12th. Raymond James Financial reissued a “hold” rating on shares of Model N in a research report on Monday, December 4th. Finally, BidaskClub downgraded shares of Model N from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.00.

In related news, Director Alan S. Henricks sold 4,730 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $14.59, for a total transaction of $69,010.70. Following the completion of the sale, the director now owns 40,134 shares of the company’s stock, valued at approximately $585,555.06. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alan S. Henricks sold 13,475 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $14.50, for a total transaction of $195,387.50. Following the sale, the director now directly owns 40,134 shares of the company’s stock, valued at approximately $581,943. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,801 shares of company stock valued at $317,080. Corporate insiders own 18.90% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers grew its position in Model N by 3.7% in the second quarter. Rhumbline Advisers now owns 25,302 shares of the software maker’s stock valued at $337,000 after acquiring an additional 905 shares in the last quarter. Bank of New York Mellon Corp grew its position in Model N by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 80,185 shares of the software maker’s stock valued at $1,066,000 after acquiring an additional 923 shares in the last quarter. Prudential Financial Inc. acquired a new stake in Model N in the second quarter valued at approximately $141,000. JPMorgan Chase & Co. grew its position in Model N by 44.3% in the second quarter. JPMorgan Chase & Co. now owns 22,826 shares of the software maker’s stock valued at $303,000 after acquiring an additional 7,004 shares in the last quarter. Finally, Alliancebernstein L.P. acquired a new stake in Model N in the second quarter valued at approximately $222,000. 65.46% of the stock is owned by hedge funds and other institutional investors.

Shares of Model N (NYSE MODN) traded up $0.05 during mid-day trading on Tuesday, hitting $15.95. 202,804 shares of the stock traded hands, compared to its average volume of 123,800. The stock has a market cap of $467.81, a price-to-earnings ratio of -11.56 and a beta of 1.17. Model N has a 1-year low of $8.45 and a 1-year high of $16.75. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.13 and a current ratio of 1.13.

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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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