Model N (NYSE:MODN) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Model N (NYSE:MODN) in a report issued on Saturday. The firm set a “hold” rating on the software maker’s stock.

A number of other equities research analysts also recently commented on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Model N in a research report on Monday, May 6th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $30.00 price objective (down previously from $37.00) on shares of Model N in a research note on Wednesday, April 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Model N in a report on Tuesday, May 7th. Robert W. Baird restated a “neutral” rating and issued a $30.00 price target on shares of Model N in a research note on Monday, April 8th. Finally, Craig Hallum reissued a “hold” rating and set a $30.00 price objective on shares of Model N in a report on Tuesday, April 9th. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $31.80.

Model N Trading Up 0.1 %

Shares of NYSE:MODN opened at $30.00 on Friday. The company has a debt-to-equity ratio of 2.05, a current ratio of 3.86 and a quick ratio of 3.86. Model N has a 1 year low of $20.90 and a 1 year high of $35.96. The company has a market cap of $1.18 billion, a P/E ratio of -3,000,000.00 and a beta of 0.68. The stock’s fifty day moving average price is $29.83 and its 200-day moving average price is $27.87.

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

Insider Buying and Selling

In other Model N news, CRO Christopher Lyon sold 6,753 shares of the stock in a transaction 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 sale, the executive now owns 214,182 shares in the company, valued at $6,391,190.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Model N news, CRO Christopher Lyon sold 6,753 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $29.84, for a total transaction of $201,509.52. Following the transaction, the executive now directly owns 214,182 shares in the company, valued at approximately $6,391,190.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John Ederer sold 10,741 shares of Model N stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $29.79, for a total transaction of $319,974.39. Following the transaction, the chief financial officer now directly owns 296,386 shares in the company, valued at $8,829,338.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,870 shares of company stock valued at $1,545,545. Company insiders own 2.55% of the company’s stock.

Hedge Funds Weigh In On Model N

A number of large investors have recently made changes to their positions in the business. International Assets Investment Management LLC grew its holdings in shares of Model N by 1,594.0% during the fourth quarter. International Assets Investment Management LLC now owns 2,558 shares of the software maker’s stock valued at $69,000 after buying an additional 2,407 shares during the last quarter. EntryPoint Capital LLC grew its position in Model N by 24.8% during the 1st quarter. EntryPoint Capital LLC now owns 3,723 shares of the software maker’s stock worth $106,000 after purchasing an additional 741 shares during the period. SG Americas Securities LLC purchased a new position in shares of Model N during the 4th quarter valued at about $115,000. Hardy Reed LLC purchased a new stake in Model N in the 1st quarter worth approximately $219,000. Finally, Gagnon Securities LLC lifted its stake in shares of Model N by 8.7% in the 1st quarter. Gagnon Securities LLC now owns 8,425 shares of the software maker’s stock valued at $240,000 after purchasing an additional 677 shares during the period.

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.