Equities Analysts Offer Predictions for Model N Inc’s Q2 2018 Earnings (MODN)

Model N Inc (NYSE:MODN) – Equities researchers at Dougherty & Co issued their Q2 2018 earnings per share (EPS) estimates for Model N in a research report issued on Wednesday. Dougherty & Co analyst R. Mattson expects that the software maker will post earnings per share of ($0.18) for the quarter. Dougherty & Co has a “Buy” rating and a $20.00 price objective on the stock. Dougherty & Co also issued estimates for Model N’s FY2018 earnings at ($0.57) EPS.

Model N (NYSE:MODN) last issued its earnings results on Tuesday, February 6th. The software maker reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.09. The firm had revenue of $39.10 million for the quarter, compared to analysts’ expectations of $37.14 million. Model N had a negative return on equity of 55.03% and a negative net margin of 26.17%. The company’s revenue was up 39.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.15) earnings per share.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research raised Model N from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Friday, January 5th. ValuEngine raised Model N from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Raymond James Financial reaffirmed a “hold” rating on shares of Model N in a research report on Monday, December 4th. BidaskClub lowered Model N from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Finally, JPMorgan Chase & Co. lowered Model N from an “overweight” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research report on Tuesday, December 12th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Model N presently has a consensus rating of “Hold” and an average target price of $18.00.

Shares of Model N (MODN) opened at $17.15 on Monday. The company has a market capitalization of $505.47, a PE ratio of -13.29 and a beta of 1.06. The company has a current ratio of 1.15, a quick ratio of 1.13 and a debt-to-equity ratio of 1.29. Model N has a 1 year low of $9.75 and a 1 year high of $17.65.

Institutional investors have recently made changes to their positions in the stock. Trexquant Investment LP acquired a new stake in Model N in the 3rd quarter valued at approximately $154,000. Prudential Financial Inc. acquired a new stake in Model N in the 2nd quarter valued at approximately $141,000. Voya Investment Management LLC raised its position in Model N by 14.7% in the 2nd quarter. Voya Investment Management LLC now owns 14,963 shares of the software maker’s stock valued at $199,000 after buying an additional 1,915 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in Model N in the 2nd quarter valued at approximately $221,000. Finally, Alliancebernstein L.P. acquired a new stake in Model N in the 2nd quarter valued at approximately $222,000. 65.52% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Alan S. Henricks sold 13,475 shares of the firm’s stock in a transaction dated 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 owns 40,134 shares of the company’s stock, valued at $581,943. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 18.90% 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.

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