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

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

A number of other equities research analysts have also issued reports on MODN. Needham & Company LLC reissued a hold rating on shares of Model N in a report on Tuesday, May 7th. Robert W. Baird reissued a neutral rating and issued a $30.00 target price on shares of Model N in a research note on Monday, April 8th. Morgan Stanley reaffirmed an equal weight rating and set a $30.00 price target (down previously from $37.00) on shares of Model N in a research report on Wednesday, April 10th. JMP Securities reiterated a market perform rating on shares of Model N in a research report on Monday, May 6th. Finally, Royal Bank of Canada restated a sector perform rating and set a $30.00 target price 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, Model N presently has a consensus rating of Hold and a consensus price target of $31.80.

Model N Stock Performance

Shares of MODN stock opened at $30.00 on Friday. The business has a 50-day moving average of $29.85 and a 200 day moving average of $27.95. 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 stock has a market capitalization of $1.18 billion, a PE ratio of -3,000,000.00 and a beta of 0.68.

Model N (NYSE:MODN) last released 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). Model N had a net margin of 0.10% and a return on equity of 6.94%. The company had revenue of $65.10 million for the quarter, compared to analysts’ expectations of $64.45 million. During the same period last year, the company posted ($0.05) EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Model N will post 0.18 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Laura Selig sold 5,411 shares of Model N stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $29.79, for a total transaction of $161,193.69. Following the completion of the transaction, the insider now directly owns 136,106 shares of the company’s stock, valued at approximately $4,054,597.74. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Model N news, insider Laura Selig sold 5,411 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $29.79, for a total value of $161,193.69. Following the sale, the insider now owns 136,106 shares in the company, valued at $4,054,597.74. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Christopher Lyon sold 6,753 shares of Model N stock in a transaction that occurred on 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 owns 214,182 shares of the company’s stock, valued at $6,391,190.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,870 shares of company stock worth $1,545,545. 2.55% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Model N

A number of institutional investors have recently modified their holdings of MODN. Kopp LeRoy C purchased a new position in shares of Model N in the 1st quarter worth about $6,105,000. Kennedy Capital Management LLC bought a new stake in Model N during the 1st quarter valued at about $1,530,000. Price T Rowe Associates Inc. MD raised its holdings in Model N by 7.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 18,018 shares of the software maker’s stock worth $513,000 after buying an additional 1,193 shares during the last quarter. EntryPoint Capital LLC lifted its stake 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 buying an additional 741 shares in the last quarter. Finally, Gagnon Securities LLC lifted its stake in shares of Model N by 8.7% in 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 in the last quarter.

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.