Model N (NYSE:MODN) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of ($0.10)-($0.03) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.16). The company issued revenue guidance of $149.0-$151.0 million, compared to the consensus revenue estimate of $149.25 million.Model N also updated its Q2 guidance to ($0.05)-($0.03) EPS.
A number of research analysts recently issued reports on the stock. ValuEngine upgraded shares of Model N from a sell rating to a hold rating in a research report on Friday. Zacks Investment Research downgraded shares of Model N from a buy rating to a hold rating in a research report on Tuesday, January 9th. BidaskClub downgraded shares of Model N from a strong-buy rating to a buy rating in a research report on Tuesday, October 10th. JPMorgan Chase & Co. downgraded shares of Model N from an overweight rating to a neutral rating and set a $18.00 target price on the stock. in a research report on Tuesday, December 12th. Finally, Dougherty & Co boosted their target price on shares of Model N from $17.00 to $20.00 and gave the company a buy rating in a research report on Tuesday, December 19th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Model N currently has a consensus rating of Hold and an average price target of $18.00.
Model N (NYSE MODN) traded down $0.35 during trading on Tuesday, hitting $13.75. 352,898 shares of the company were exchanged, compared to its average volume of 140,106. 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 52 week low of $9.05 and a 52 week high of $16.75. The firm has a market cap of $405.26, a P/E ratio of -9.96 and a beta of 1.06.
In other Model N news, Director Alan S. Henricks sold 4,730 shares of the business’s stock in a transaction 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 in the company, valued at approximately $585,555.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan S. Henricks sold 13,475 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $14.50, for a total transaction 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 own 18.90% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Model N (MODN) Updates FY18 Earnings Guidance” was reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/02/06/model-n-modn-updates-fy18-earnings-guidance.html.
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.
Receive News & Ratings for Model N Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Model N and related companies with MarketBeat.com's FREE daily email newsletter.