Model N, Inc. (NYSE:MODN) Given Average Recommendation of “Hold” by Brokerages

Shares of Model N, Inc. (NYSE:MODN) have been given an average recommendation of “Hold” by the ten analysts that are presently covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $31.80.

Several equities research analysts have recently issued reports on the company. Craig Hallum reiterated a “hold” rating and set a $30.00 price target on shares of Model N in a report on Tuesday, April 9th. Morgan Stanley reiterated an “equal weight” rating and issued a $30.00 target price (down from $37.00) on shares of Model N in a research note on Wednesday, April 10th. StockNews.com initiated coverage on shares of Model N in a research note on Friday. They set a “hold” rating on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Model N in a research note on Monday, May 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Model N in a research report on Tuesday, May 7th.

Model N Trading Up 0.1 %

Model N stock opened at $29.98 on Tuesday. The company has a 50 day moving average price of $29.81 and a 200 day moving average price of $27.67. The company has a debt-to-equity ratio of 2.05, a quick ratio of 3.86 and a current ratio of 3.86. Model N has a 52 week low of $20.90 and a 52 week high of $35.96. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of -2,998,000.00 and a beta of 0.68.

Model N (NYSE:MODN) last released its earnings results on Monday, May 6th. The software maker reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02). The business had revenue of $65.10 million for the quarter, compared to analysts’ expectations of $64.45 million. Model N had a net margin of 0.10% and a return on equity of 6.94%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.05) EPS. Research analysts forecast that Model N will post 0.18 EPS for the current year.

Insider Buying and Selling

In other news, CRO Christopher Lyon sold 6,753 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $29.84, for a total value of $201,509.52. Following the completion of the transaction, the executive now directly owns 214,182 shares of the company’s stock, valued at approximately $6,391,190.88. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CRO Christopher Lyon sold 6,753 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $29.84, for a total value of $201,509.52. Following the sale, the executive now owns 214,182 shares of the company’s stock, valued at approximately $6,391,190.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jason Blessing sold 20,179 shares of Model N stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $29.79, for a total transaction of $601,132.41. Following the transaction, the chief executive officer now directly owns 884,172 shares of the company’s stock, valued at $26,339,483.88. The disclosure for this sale can be found here. Insiders sold 51,870 shares of company stock valued at $1,545,545 over the last quarter. Corporate insiders own 2.55% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC raised its position in shares of Model N by 1,594.0% during the 4th quarter. International Assets Investment Management LLC now owns 2,558 shares of the software maker’s stock valued at $69,000 after acquiring an additional 2,407 shares during the last quarter. EntryPoint Capital LLC increased its holdings in Model N by 24.8% in the first quarter. EntryPoint Capital LLC now owns 3,723 shares of the software maker’s stock valued at $106,000 after purchasing an additional 741 shares during the last quarter. SG Americas Securities LLC acquired a new position in Model N in the fourth quarter valued at about $115,000. Hardy Reed LLC bought a new position in Model N during the first quarter worth about $219,000. Finally, Aigen Investment Management LP grew its position in shares of Model N by 23.3% during the 3rd quarter. Aigen Investment Management LP now owns 9,394 shares of the software maker’s stock worth $229,000 after buying an additional 1,778 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.