Model N (NYSE:MODN) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Model N (NYSE:MODN) in a note issued to investors on Thursday. The firm set a “hold” rating on the software maker’s stock.

MODN has been the subject of several other reports. JMP Securities reiterated a “market perform” rating on shares of Model N in a research note on Tuesday, April 9th. Needham & Company LLC reiterated a “hold” rating on shares of Model N in a research note on Tuesday, April 9th. Craig Hallum reiterated a “hold” rating and set a $30.00 price objective on shares of Model N in a research note on Tuesday, April 9th. Morgan Stanley reiterated an “equal weight” rating and set a $30.00 price objective (down from $37.00) on shares of Model N in a research note on Wednesday, April 10th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $30.00 price objective on shares of Model N in a research note on Monday, April 8th. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $31.80.

Model N Price Performance

Model N stock opened at $29.80 on Thursday. Model N has a 1 year low of $20.90 and a 1 year high of $35.96. The firm has a 50 day moving average price of $26.69 and a 200 day moving average price of $25.59. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -35.48 and a beta of 0.70. The company has a debt-to-equity ratio of 2.26, a quick ratio of 4.00 and a current ratio of 4.00.

Model N (NYSE:MODN) last released its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). Model N had a positive return on equity of 5.79% and a negative net margin of 12.48%. The business had revenue of $63.49 million for the quarter, compared to analysts’ expectations of $62.12 million. Sell-side analysts predict that Model N will post 0.2 earnings per share for the current year.

Insider Activity at Model N

In related news, insider Laura Selig sold 4,770 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $26.38, for a total value of $125,832.60. Following the sale, the insider now directly owns 143,866 shares of the company’s stock, valued at $3,795,185.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Laura Selig sold 4,770 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $26.38, for a total value of $125,832.60. Following the sale, the insider now directly owns 143,866 shares of the company’s stock, valued at $3,795,185.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dave Yarnold sold 5,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $26.88, for a total transaction of $134,400.00. Following the completion of the sale, the director now directly owns 22,012 shares in the company, valued at $591,682.56. The disclosure for this sale can be found here. Insiders have sold 72,616 shares of company stock valued at $1,897,243 over the last ninety days. Corporate insiders own 2.55% of the company’s stock.

Institutional Trading of Model N

Institutional investors and hedge funds have recently modified their holdings of the business. C M Bidwell & Associates Ltd. acquired a new stake in shares of Model N during the third quarter worth $34,000. Altshuler Shaham Ltd raised its holdings in shares of Model N by 79.2% during the fourth quarter. Altshuler Shaham Ltd now owns 1,572 shares of the software maker’s stock worth $64,000 after purchasing an additional 695 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Model N by 35.0% during the third quarter. Tower Research Capital LLC TRC now owns 1,664 shares of the software maker’s stock worth $57,000 after purchasing an additional 431 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Model N by 1,594.0% during the fourth quarter. International Assets Investment Management LLC now owns 2,558 shares of the software maker’s stock worth $69,000 after purchasing an additional 2,407 shares during the period. Finally, Osaic Holdings Inc. raised its holdings in shares of Model N by 319.8% during the second quarter. Osaic Holdings Inc. now owns 4,156 shares of the software maker’s stock worth $147,000 after purchasing an additional 3,166 shares during the period.

About Model N

Model N, Inc provides cloud revenue management solutions for life sciences and high-tech companies in the United States and internationally. The company offers Global Pricing Management, which minimizes price erosion of products; Global Tender Management that enhances revenue by enabling segmentation and targeting, optimal bid pricing, and post-award tracking; Provider Management, which minimizes rebate overpayments; Payer Management that minimizes revenue leakage and noncompliance of complex contracts; Government Pricing, which optimizes revenue, and reduces the risk of fines and other penalties; and Medicaid that enhances compliance with regulatory requirements and payments of rebate claims on a timely basis and at correct rates for government Medicaid programs, as well as Validata, State Pricing Transparency Management, Advanced Membership Management, and Intelligence Cloud.