Model N (NYSE:MODN) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Model N (NYSE:MODN) in a research note released on Thursday. The firm issued a hold rating on the software maker’s stock.

Several other brokerages have also issued reports on MODN. JMP Securities restated a market perform rating on shares of Model N in a research note on Tuesday, April 9th. Royal Bank of Canada restated a sector perform rating and issued a $30.00 target price on shares of Model N in a research note on Tuesday, April 9th. Needham & Company LLC restated a hold rating on shares of Model N in a research note on Tuesday, April 9th. Morgan Stanley reiterated an equal weight rating and issued a $30.00 price target (down from $37.00) on shares of Model N in a research report on Wednesday, April 10th. Finally, Robert W. Baird reiterated a neutral rating and issued a $30.00 price target on shares of Model N in a research report on Monday, April 8th. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Model N currently has a consensus rating of Hold and a consensus target price of $31.80.

Model N Price Performance

Shares of Model N stock opened at $29.78 on Thursday. The business’s fifty day simple moving average is $26.72 and its 200 day simple moving average is $25.62. Model N has a 12 month low of $20.90 and a 12 month high of $35.96. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 2.26.

Model N (NYSE:MODN) last issued its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The business 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%. Research analysts expect that Model N will post 0.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Dave Yarnold sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $26.88, for a total transaction of $134,400.00. Following the completion of the transaction, the director now directly owns 22,012 shares in the company, valued at $591,682.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Dave Yarnold sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $26.88, for a total transaction of $134,400.00. Following the completion of the transaction, the director now directly owns 22,012 shares in the company, valued at $591,682.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CRO Christopher Lyon sold 8,124 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $25.26, for a total value of $205,212.24. Following the transaction, the executive now owns 229,721 shares of the company’s stock, valued at $5,802,752.46. The disclosure for this sale can be found here. Insiders sold a total of 72,616 shares of company stock worth $1,897,243 over the last ninety days. 2.55% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Model N

Several hedge funds have recently added to or reduced their stakes in the company. Quadrature Capital Ltd lifted its stake in Model N by 43.9% during the fourth quarter. Quadrature Capital Ltd now owns 23,532 shares of the software maker’s stock worth $635,000 after purchasing an additional 7,183 shares during the last quarter. Vanguard Group Inc. lifted its stake in Model N by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 2,710,820 shares of the software maker’s stock worth $73,002,000 after purchasing an additional 65,859 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Model N by 9.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,825 shares of the software maker’s stock worth $454,000 after purchasing an additional 1,388 shares during the last quarter. Legal & General Group Plc lifted its stake in Model N by 4.3% during the fourth quarter. Legal & General Group Plc now owns 38,095 shares of the software maker’s stock worth $1,026,000 after purchasing an additional 1,583 shares during the last quarter. Finally, Barclays PLC lifted its stake in Model N by 172.7% during the fourth quarter. Barclays PLC now owns 84,691 shares of the software maker’s stock worth $2,282,000 after purchasing an additional 53,635 shares during the last quarter.

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.