Analysts Set Model N, Inc. (NYSE:MODN) Price Target at $31.80

Shares of Model N, Inc. (NYSE:MODN) have been given an average recommendation of “Hold” by the ten analysts that are presently covering the stock, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $31.80.

A number of equities analysts have weighed in on MODN shares. Morgan Stanley reiterated an “equal weight” rating and set a $30.00 price objective (down previously from $37.00) on shares of Model N in a research note on Wednesday, April 10th. Robert W. Baird restated a “neutral” rating and issued a $30.00 price objective 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 note on Tuesday, May 7th. JMP Securities reiterated a “market perform” rating on shares of Model N in a research note on Monday, May 6th. Finally, StockNews.com started coverage on shares of Model N in a research report on Saturday. They set a “hold” rating on the stock.

Model N Stock Performance

Shares of NYSE:MODN opened at $30.00 on Tuesday. The business has a 50-day moving average price of $29.83 and a 200-day moving average price of $27.84. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -3,000,000.00 and a beta of 0.68. Model N has a 52-week low of $20.90 and a 52-week high of $35.96. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 2.05.

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

Insider Activity at Model N

In other Model N news, insider Laura Selig sold 5,411 shares of the firm’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 $161,193.69. Following the completion of the sale, the insider now owns 136,106 shares of the company’s stock, valued at $4,054,597.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, 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 value of $201,509.52. Following the completion of the sale, the executive now owns 214,182 shares in the company, valued at approximately $6,391,190.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Laura Selig sold 5,411 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $29.79, for a total value of $161,193.69. Following the completion of the sale, the insider now directly owns 136,106 shares in the company, valued at approximately $4,054,597.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,870 shares of company stock worth $1,545,545. Insiders own 2.55% of the company’s stock.

Hedge Funds Weigh In On Model N

Several hedge funds have recently bought and sold shares of MODN. International Assets Investment Management LLC increased its position 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 worth $69,000 after acquiring an additional 2,407 shares during the period. EntryPoint Capital LLC increased its holdings 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 acquired a new stake in Model N in the 4th quarter valued at about $115,000. Hardy Reed LLC purchased a new position in shares of Model N in the 1st quarter valued at about $219,000. Finally, Gagnon Securities LLC grew its position in shares of 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 in the last quarter.

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.