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

Model N, Inc. (NYSE:MODN) has been assigned a consensus rating of “Hold” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $31.80.

Several equities analysts have issued reports on the company. Morgan Stanley reiterated an “equal weight” rating and set a $30.00 target price (down previously from $37.00) on shares of Model N in a research report on Wednesday, April 10th. Robert W. Baird reiterated a “neutral” rating and issued a $30.00 price objective on shares of Model N in a research report on Monday, April 8th. Royal Bank of Canada restated a “sector perform” rating and set a $30.00 target price on shares of Model N in a research report on Tuesday, April 9th. StockNews.com started coverage on shares of Model N in a report on Tuesday. They issued a “hold” rating for the company. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Model N in a research note on Tuesday, May 7th.

Insider Transactions at Model N

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. increased its stake in Model N by 2.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 13,865 shares of the software maker’s stock worth $395,000 after acquiring an additional 355 shares during the last quarter. Gagnon Securities LLC grew its stake in Model N by 8.7% during the first quarter. Gagnon Securities LLC now owns 8,425 shares of the software maker’s stock worth $240,000 after buying an additional 677 shares during the period. EntryPoint Capital LLC increased its position in shares of Model N by 24.8% in the first quarter. EntryPoint Capital LLC now owns 3,723 shares of the software maker’s stock worth $106,000 after acquiring an additional 741 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Model N by 6.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,130 shares of the software maker’s stock valued at $461,000 after acquiring an additional 1,043 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Model N by 14.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,235 shares of the software maker’s stock worth $249,000 after purchasing an additional 1,181 shares during the period.

Model N Price Performance

Shares of NYSE:MODN opened at $30.00 on Friday. Model N has a one year low of $20.90 and a one year high of $35.96. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -3,000,000.00 and a beta of 0.68. The company has a 50-day simple moving average of $29.94 and a 200-day simple moving average of $28.36. 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 (NYSE:MODN) last posted its quarterly earnings data on Monday, May 6th. The software maker reported $0.24 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 analysts’ expectations of $64.45 million. Model N had a net margin of 0.10% and a return on equity of 6.94%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.05) earnings per share. On average, analysts predict that Model N will post 0.18 EPS for the current year.

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.