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

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

MODN has been the topic of a number of other research reports. Craig Hallum reissued a hold rating and set a $30.00 target price on shares of Model N in a report on Tuesday, April 9th. JMP Securities restated a market perform rating on shares of Model N in a research report on Monday, May 6th. Robert W. Baird restated a neutral rating and set a $30.00 price target on shares of Model N in a research report on Monday, April 8th. Needham & Company LLC restated a hold rating on shares of Model N in a research report on Tuesday, May 7th. Finally, Royal Bank of Canada restated 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 research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Model N presently has an average rating of Hold and an average price target of $31.80.

Model N Price Performance

Model N stock opened at $30.00 on Friday. Model N has a 52 week low of $20.90 and a 52 week high of $35.96. The company’s 50 day moving average price is $29.84 and its two-hundred day moving average price is $27.92. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 2.05. The stock has a market cap of $1.18 billion, a P/E ratio of -3,000,000.00 and a beta of 0.68.

Model N (NYSE:MODN) last posted its quarterly earnings results on Monday, May 6th. The software maker reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). The company 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%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.05) EPS. On average, equities analysts predict that Model N will post 0.18 earnings per share for the current year.

Insider Activity

In other news, CEO Jason Blessing sold 20,179 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 transaction of $601,132.41. Following the completion of 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 legal filing with the SEC, which is accessible through 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, CEO Jason Blessing sold 20,179 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $29.79, for a total transaction of $601,132.41. Following the completion of the sale, the chief executive officer now owns 884,172 shares in the company, valued at approximately $26,339,483.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,870 shares of company stock valued at $1,545,545. Insiders own 2.55% of the company’s stock.

Institutional Investors Weigh In On Model N

Hedge funds and other institutional investors have recently bought and sold shares of the business. Conestoga Capital Advisors LLC grew its holdings in shares of Model N by 0.8% during the first quarter. Conestoga Capital Advisors LLC now owns 3,855,355 shares of the software maker’s stock valued at $109,762,000 after buying an additional 30,461 shares during the last quarter. Clearbridge Investments LLC grew its holdings in shares of Model N by 6.8% during the first quarter. Clearbridge Investments LLC now owns 2,902,776 shares of the software maker’s stock valued at $82,642,000 after buying an additional 184,016 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Model N by 3.6% during the first quarter. Vanguard Group Inc. now owns 2,807,589 shares of the software maker’s stock valued at $79,932,000 after buying an additional 96,769 shares during the last quarter. Ranger Investment Management L.P. grew its holdings in shares of Model N by 8.2% during the fourth quarter. Ranger Investment Management L.P. now owns 937,846 shares of the software maker’s stock valued at $25,256,000 after buying an additional 70,868 shares during the last quarter. Finally, Bares Capital Management Inc. boosted 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 worth $15,215,000 after purchasing an additional 220,000 shares during 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.