Model N (NYSE:MODN) Given “Market Perform” Rating at JMP Securities

JMP Securities restated their market perform rating on shares of Model N (NYSE:MODN) in a research report sent to investors on Tuesday, Benzinga reports.

A number of other equities research analysts also recently weighed in on the company. Morgan Stanley restated an equal weight rating and set a $30.00 target price (down previously from $37.00) on shares of Model N in a research report on Wednesday, April 10th. Craig Hallum reaffirmed a hold rating and set a $30.00 price objective on shares of Model N in a research note on Tuesday, April 9th. Royal Bank of Canada reaffirmed a sector perform rating and set a $30.00 price objective on shares of Model N in a research note on Tuesday, April 9th. Needham & Company LLC reaffirmed a hold rating on shares of Model N in a research note on Monday. Finally, StockNews.com initiated coverage on Model N in a research note on Thursday, April 18th. They set a hold rating for the company. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $31.80.

Model N Trading Up 0.3 %

MODN stock opened at $29.66 on Tuesday. The company has a market cap of $1.16 billion, a P/E ratio of -35.31 and a beta of 0.70. Model N has a twelve month low of $20.90 and a twelve month high of $35.96. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 2.26. The business has a fifty day moving average of $26.87 and a 200-day moving average of $25.77.

Model N (NYSE:MODN) last released its earnings results on Tuesday, February 6th. The software maker reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The firm had revenue of $63.49 million for the quarter, compared to the consensus estimate of $62.12 million. Model N had a positive return on equity of 5.79% and a negative net margin of 12.48%. As a group, equities research analysts expect that Model N will post 0.2 EPS for the current year.

Insider Activity

In other news, CRO Christopher Lyon sold 7,862 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $26.38, for a total value of $207,399.56. Following the sale, the executive now directly owns 237,845 shares in the company, valued at $6,274,351.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Laura Selig sold 2,655 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $25.32, for a total transaction of $67,224.60. Following the sale, the insider now owns 141,517 shares in the company, valued at $3,583,210.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Christopher Lyon sold 7,862 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $26.38, for a total value of $207,399.56. Following the sale, the executive now owns 237,845 shares in the company, valued at approximately $6,274,351.10. The disclosure for this sale can be found here. Insiders have sold a total of 72,616 shares of company stock worth $1,897,243 over the last three months. Corporate insiders own 2.55% of the company’s stock.

Institutional Trading of Model N

Several institutional investors and hedge funds have recently bought and sold shares of MODN. Conestoga Capital Advisors LLC raised its holdings in Model N by 15.3% during the fourth quarter. Conestoga Capital Advisors LLC now owns 3,824,894 shares of the software maker’s stock worth $103,004,000 after acquiring an additional 507,090 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in Model N by 14.6% during the third quarter. Artisan Partners Limited Partnership now owns 3,310,207 shares of the software maker’s stock worth $80,802,000 after acquiring an additional 421,952 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Model N in the fourth quarter valued at approximately $7,964,000. Comerica Bank bought a new stake in Model N in the third quarter valued at approximately $7,185,000. Finally, Sea Cliff Partners Management LP bought a new stake in Model N in the fourth quarter valued at approximately $6,078,000.

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.