Model N’s (MODN) Equal Weight Rating Reiterated at Morgan Stanley

Morgan Stanley restated their equal weight rating on shares of Model N (NYSE:MODN) in a report released on Wednesday, Benzinga reports. The brokerage currently has a $30.00 price target on the software maker’s stock, down from their prior price target of $37.00.

Several other brokerages have also commented on MODN. Royal Bank of Canada reaffirmed a sector perform rating and issued a $30.00 price objective on shares of Model N in a research report on Tuesday. Craig Hallum reiterated a hold rating and issued a $30.00 price target on shares of Model N in a report on Tuesday. JMP Securities reiterated a market perform rating on shares of Model N in a report on Tuesday. Robert W. Baird reiterated a neutral rating and issued a $30.00 price target on shares of Model N in a report on Monday. Finally, JPMorgan Chase & Co. downgraded shares of Model N from an overweight rating to a neutral rating and cut their price target for the stock from $30.00 to $25.00 in a report on Wednesday, December 13th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $31.80.

Model N Stock Performance

MODN stock opened at $29.67 on Wednesday. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of -35.32 and a beta of 0.70. The firm has a 50-day simple moving average of $26.43 and a two-hundred day simple moving average of $25.41. Model N has a one year low of $20.90 and a one year high of $35.96. 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 announced its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). The company had revenue of $63.49 million during the quarter, compared to analysts’ expectations of $62.12 million. Model N had a negative net margin of 12.48% and a positive return on equity of 5.79%. On average, equities analysts forecast that Model N will post 0.2 EPS for the current fiscal year.

Insider Transactions at Model N

In other news, insider Laura Selig sold 2,655 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $25.32, for a total transaction of $67,224.60. Following the transaction, the insider now owns 141,517 shares in the company, valued at approximately $3,583,210.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CRO Christopher Lyon sold 8,124 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $25.26, for a total transaction of $205,212.24. Following the transaction, the executive now owns 229,721 shares in the company, valued at approximately $5,802,752.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Laura Selig sold 2,655 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $25.32, for a total value of $67,224.60. Following the completion of the transaction, the insider now owns 141,517 shares in the company, valued at approximately $3,583,210.44. The disclosure for this sale can be found here. Insiders have sold 72,616 shares of company stock valued at $1,897,243 in the last 90 days. 2.55% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MODN. C M Bidwell & Associates Ltd. purchased a new position in Model N in the 3rd quarter valued at $34,000. Tower Research Capital LLC TRC lifted its holdings in Model N by 35.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,664 shares of the software maker’s stock valued at $57,000 after purchasing an additional 431 shares in the last quarter. Altshuler Shaham Ltd lifted its holdings in Model N by 79.2% in the 4th quarter. Altshuler Shaham Ltd now owns 1,572 shares of the software maker’s stock valued at $64,000 after purchasing an additional 695 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Model N by 1,594.0% in the 4th quarter. International Assets Investment Management LLC now owns 2,558 shares of the software maker’s stock valued at $69,000 after purchasing an additional 2,407 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Model N in the 4th quarter valued at $115,000.

Model N Company Profile

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.