Model N (NYSE:MODN) Earns Hold Rating from Analysts at StockNews.com

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

Several other equities research analysts have also recently commented on MODN. Robert W. Baird reaffirmed a neutral rating and issued a $30.00 target price on shares of Model N in a research report on Monday, April 8th. Needham & Company LLC reaffirmed a hold rating on shares of Model N in a research report on Tuesday, May 7th. JMP Securities reissued a market perform rating on shares of Model N in a research report on Monday, May 6th. Craig Hallum restated a hold rating and set a $30.00 price target on shares of Model N in a research report on Tuesday, April 9th. Finally, Royal Bank of Canada reiterated a sector perform rating and issued a $30.00 price objective on shares of Model N in a report on Tuesday, April 9th. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $31.80.

Model N Stock Up 0.0 %

NYSE MODN opened at $29.92 on Thursday. Model N has a 1 year low of $20.90 and a 1 year high of $35.96. The stock has a market capitalization of $1.18 billion, a PE ratio of -2,992,000.00 and a beta of 0.68. The company has a debt-to-equity ratio of 2.05, a current ratio of 3.86 and a quick ratio of 3.86. The business’s 50-day moving average is $29.78 and its 200 day moving average is $27.36.

Model N (NYSE:MODN) last issued its quarterly earnings data on Monday, May 6th. The software maker reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). The business had revenue of $65.10 million during the quarter, compared to the consensus estimate of $64.45 million. Model N had a return on equity of 6.94% and a net margin of 0.10%. Model N’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.05) earnings per share. Sell-side analysts forecast that Model N will post 0.16 earnings per share for the current year.

Insider Buying and Selling

In other Model N news, CRO Christopher Lyon sold 8,786 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $29.79, for a total transaction of $261,734.94. Following the completion of the sale, the executive now directly owns 220,935 shares in the company, valued at approximately $6,581,653.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Jason Blessing sold 20,179 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Christopher Lyon sold 8,786 shares of Model N stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $29.79, for a total value of $261,734.94. Following the completion of the sale, the executive now owns 220,935 shares of the company’s stock, valued at $6,581,653.65. The disclosure for this sale can be found here. Insiders have sold a total of 51,870 shares of company stock worth $1,545,545 in the last quarter. Corporate insiders own 2.55% of the company’s stock.

Institutional Trading of Model N

A number of institutional investors have recently made changes to their positions in the stock. Madison Asset Management LLC lifted its position in Model N by 24.9% during the fourth quarter. Madison Asset Management LLC now owns 161,989 shares of the software maker’s stock valued at $4,362,000 after purchasing an additional 32,301 shares during the period. Conestoga Capital Advisors LLC boosted its stake in shares of Model N by 15.3% in 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 last quarter. Vanguard Group Inc. grew its holdings 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 worth $64,563,000 after acquiring an additional 128,461 shares during the period. Stephens Investment Management Group LLC increased its position in Model N by 38.0% during the fourth quarter. Stephens Investment Management Group LLC now owns 506,371 shares of the software maker’s stock valued at $13,637,000 after acquiring an additional 139,338 shares during the last quarter. Finally, Bares Capital Management Inc. lifted its holdings in Model N by 63.8% in the fourth quarter. Bares Capital Management Inc. now owns 565,000 shares of the software maker’s stock valued at $15,215,000 after acquiring an additional 220,000 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.