Model N (NYSE:MODN) Rating Reiterated by JMP Securities

Model N (NYSE:MODN)‘s stock had its “market perform” rating restated by investment analysts at JMP Securities in a report released on Tuesday, Benzinga reports.

MODN has been the subject of several other research reports. Robert W. Baird reissued a “neutral” rating and set a $30.00 target price on shares of Model N in a report on Monday, April 8th. Craig Hallum reaffirmed a “hold” rating and set a $30.00 price target on shares of Model N in a research report on Tuesday, April 9th. Morgan Stanley reissued an “equal weight” rating and issued a $30.00 price objective (down previously from $37.00) on shares of Model N in a report on Wednesday, April 10th. StockNews.com initiated coverage on Model N in a research note on Thursday, April 18th. They issued a “hold” rating on the stock. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $30.00 price target on shares of Model N in a research report on Tuesday, April 9th. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.80.

Model N Price Performance

Model N stock opened at $29.65 on Tuesday. The business’s 50-day simple moving average is $26.92 and its two-hundred day simple moving average is $25.80. The company has a debt-to-equity ratio of 2.26, a quick ratio of 4.00 and a current ratio of 4.00. The company has a market cap of $1.16 billion, a PE ratio of -35.30 and a beta of 0.70. Model N has a fifty-two week low of $20.90 and a fifty-two week high of $35.96.

Model N (NYSE:MODN) last issued its 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). Model N had a negative net margin of 12.48% and a positive return on equity of 5.79%. The firm had revenue of $63.49 million during the quarter, compared to analysts’ expectations of $62.12 million. Equities analysts anticipate that Model N will post 0.2 EPS for the current year.

Insider Transactions at Model N

In related news, CFO John Ederer sold 8,018 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $25.31, for a total value of $202,935.58. Following the completion of the sale, the chief financial officer now owns 307,127 shares of the company’s stock, valued at $7,773,384.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Laura Selig sold 2,655 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $25.32, for a total transaction of $67,224.60. Following the completion of the transaction, the insider now directly owns 141,517 shares in the company, valued at $3,583,210.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO John Ederer sold 8,018 shares of Model N stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $25.31, for a total value of $202,935.58. Following the completion of the sale, the chief financial officer now directly owns 307,127 shares of the company’s stock, valued at $7,773,384.37. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,616 shares of company stock valued at $1,897,243. Corporate insiders own 2.55% of the company’s stock.

Hedge Funds Weigh In On Model N

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Conestoga Capital Advisors LLC increased its stake in Model N by 15.3% during the 4th quarter. Conestoga Capital Advisors LLC now owns 3,824,894 shares of the software maker’s stock worth $103,004,000 after buying an additional 507,090 shares during the period. Vanguard Group Inc. raised its stake in shares of Model N by 5.1% in the third quarter. Vanguard Group Inc. now owns 2,644,961 shares of the software maker’s stock valued at $64,563,000 after acquiring an additional 128,461 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Model N by 70.8% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 44,400 shares of the software maker’s stock valued at $1,084,000 after acquiring an additional 18,400 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Model N in the fourth quarter valued at $7,964,000. Finally, Artisan Partners Limited Partnership grew its stake in Model N by 14.6% during the 3rd quarter. Artisan Partners Limited Partnership now owns 3,310,207 shares of the software maker’s stock worth $80,802,000 after purchasing an additional 421,952 shares in 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.