Model N, Inc. (NYSE:MODN) issued its quarterly earnings results on Monday. The software maker reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.03, Bloomberg Earnings reports. Model N had a negative net margin of 30.85% and a negative return on equity of 52.59%. The business had revenue of $35.61 million for the quarter, compared to analysts’ expectations of $34.86 million. During the same quarter last year, the company posted ($0.28) earnings per share. The company’s quarterly revenue was up 24.9% compared to the same quarter last year.
Shares of Model N (MODN) traded up $0.55 during trading hours on Wednesday, hitting $14.30. 180,793 shares of the company’s stock traded hands, compared to its average volume of 85,790. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.26. Model N has a 12 month low of $6.97 and a 12 month high of $15.05.
A number of equities analysts have issued reports on MODN shares. Zacks Investment Research cut shares of Model N from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. ValuEngine raised shares of Model N from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, BidaskClub cut shares of Model N from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $13.67.
In other news, SVP Amelia Generalis sold 3,758 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $13.30, for a total transaction of $49,981.40. Following the transaction, the senior vice president now owns 76,734 shares of the company’s stock, valued at $1,020,562.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David Barter sold 3,596 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $14.65, for a total transaction of $52,681.40. Following the completion of the transaction, the chief financial officer now directly owns 111,676 shares in the company, valued at approximately $1,636,053.40. The disclosure for this sale can be found here. Insiders have sold 13,652 shares of company stock worth $186,741 in the last ninety days. Corporate insiders own 20.40% 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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