Model N, Inc. (NYSE:MODN) has been assigned a consensus rating of “Buy” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $14.00.
MODN has been the subject of a number of research analyst reports. Dougherty & Co initiated coverage on shares of Model N in a research note on Thursday, June 29th. They issued a “buy” rating and a $17.00 price target for the company. Zacks Investment Research raised shares of Model N from a “sell” rating to a “hold” rating in a research note on Monday, July 10th. BidaskClub lowered shares of Model N from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 9th. Finally, ValuEngine raised shares of Model N from a “sell” rating to a “hold” rating in a research note on Friday, September 1st.
Shares of Model N (MODN) traded down 1.47% on Friday, reaching $13.40. 285,068 shares of the company’s stock were exchanged. The company’s market capitalization is $389.85 million. Model N has a 1-year low of $6.98 and a 1-year high of $13.75. The stock’s 50-day moving average price is $13.29 and its 200-day moving average price is $12.13.
Model N (NYSE:MODN) last issued its quarterly earnings results on Tuesday, August 8th. The software maker reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.04. The company had revenue of $34.20 million during the quarter, compared to analyst estimates of $34.41 million. Model N had a negative net margin of 30.85% and a negative return on equity of 52.59%. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.16) EPS. Analysts anticipate that Model N will post ($0.62) EPS for the current fiscal year.
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In related news, SVP Amelia Generalis sold 6,298 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $13.35, for a total transaction of $84,078.30. Following the completion of the sale, the senior vice president now directly owns 70,436 shares of the company’s stock, valued at $940,320.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 20.40% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in MODN. Teachers Advisors LLC lifted its stake in Model N by 28.7% during the fourth quarter. Teachers Advisors LLC now owns 43,373 shares of the software maker’s stock valued at $384,000 after purchasing an additional 9,674 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in Model N by 32.9% during the first quarter. Parametric Portfolio Associates LLC now owns 24,618 shares of the software maker’s stock valued at $257,000 after purchasing an additional 6,098 shares during the last quarter. American International Group Inc. lifted its stake in Model N by 7.1% during the first quarter. American International Group Inc. now owns 13,678 shares of the software maker’s stock valued at $143,000 after purchasing an additional 904 shares during the last quarter. FIL Ltd acquired a new stake in Model N during the first quarter valued at approximately $1,195,000. Finally, Vanguard Group Inc. lifted its stake in Model N by 2.4% during the first quarter. Vanguard Group Inc. now owns 934,866 shares of the software maker’s stock valued at $9,770,000 after purchasing an additional 21,555 shares during the last quarter. 65.87% of the stock is owned by institutional investors and hedge funds.
Model N Company Profile
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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