Model N Inc (MODN) Receives Average Rating of “Hold” from Analysts

Model N Inc (NYSE:MODN) has earned a consensus recommendation of “Hold” from the eight research firms that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $18.00.

Several analysts recently commented on MODN shares. Zacks Investment Research downgraded shares of Model N from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. BidaskClub raised shares of Model N from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Raymond James Financial reaffirmed a “hold” rating on shares of Model N in a report on Monday, December 4th. 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 report on Tuesday, December 12th. Finally, Dougherty & Co lifted their target price on shares of Model N from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th.

Shares of Model N (NYSE:MODN) traded down $0.10 during mid-day trading on Friday, hitting $15.95. 100,791 shares of the company traded hands, compared to its average volume of 116,958. The company has a market cap of $473.05, a P/E ratio of -11.56 and a beta of 1.17. 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 has a 1-year low of $8.45 and a 1-year high of $16.75.

Model N (NYSE:MODN) last announced its earnings results on Tuesday, November 7th. The software maker reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.03. The business had revenue of $35.61 million during the quarter, compared to the consensus estimate of $34.86 million. Model N had a negative net margin of 30.15% and a negative return on equity of 55.26%. Model N’s revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.28) EPS. equities research analysts anticipate that Model N will post -0.64 earnings per share for the current fiscal year.

In other Model N news, Director Alan S. Henricks sold 4,730 shares of Model N stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $14.59, for a total value of $69,010.70. Following the completion of the sale, the director now owns 40,134 shares in the company, valued at approximately $585,555.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David Barter sold 3,596 shares of Model N stock in a transaction dated 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 quarter. Corporate insiders own 18.90% of the company’s stock.

A number of institutional investors have recently modified their holdings of MODN. Rhumbline Advisers raised its stake in Model N by 3.7% in the 2nd quarter. Rhumbline Advisers now owns 25,302 shares of the software maker’s stock worth $337,000 after purchasing an additional 905 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Model N by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 80,185 shares of the software maker’s stock valued at $1,066,000 after buying an additional 923 shares in the last quarter. Prudential Financial Inc. acquired a new position in shares of Model N in the 2nd quarter valued at approximately $141,000. JPMorgan Chase & Co. raised its position in shares of Model N by 44.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 22,826 shares of the software maker’s stock valued at $303,000 after buying an additional 7,004 shares in the last quarter. Finally, Alliancebernstein L.P. acquired a new position in shares of Model N in the 2nd quarter valued at approximately $222,000. Institutional investors and hedge funds own 65.46% of the company’s stock.

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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.

Analyst Recommendations for Model N (NYSE:MODN)

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