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

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

Other research analysts have also issued reports about the company. Craig Hallum restated a hold rating and issued a $30.00 price target on shares of Model N in a research report on Tuesday, April 9th. Robert W. Baird restated a neutral rating and set a $30.00 target price on shares of Model N in a 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 reissued a market perform rating on shares of Model N in a research note on Monday, May 6th. Finally, Royal Bank of Canada restated a sector perform rating and set a $30.00 price objective on shares of Model N in a report on Tuesday, April 9th. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $31.80.

Model N Stock Performance

Shares of NYSE:MODN opened at $30.00 on Friday. The business has a fifty 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 quick ratio of 3.86 and a current ratio of 3.86. Model N has a twelve month low of $20.90 and a twelve month high of $35.96. The firm has a market cap of $1.18 billion, a PE ratio of -3,000,000.00 and a beta of 0.68.

Model N (NYSE:MODN) last announced its quarterly earnings data on Monday, May 6th. The software maker reported $0.24 EPS 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 firm had revenue of $65.10 million during the quarter, compared to the consensus estimate of $64.45 million. During the same quarter in the previous year, the business posted ($0.05) earnings per share. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. On average, equities research analysts predict that Model N will post 0.18 EPS for the current fiscal year.

Insider Activity at Model N

In other news, insider Laura Selig sold 5,411 shares of the business’s stock in a transaction 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 sale, the insider now owns 136,106 shares of the company’s stock, valued at $4,054,597.74. The sale 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 firm’s stock in a transaction that occurred 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 completion of the transaction, the executive now directly owns 214,182 shares in the company, valued at $6,391,190.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Laura Selig sold 5,411 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was 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 approximately $4,054,597.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 51,870 shares of company stock valued at $1,545,545. 2.55% of the stock is owned by insiders.

Hedge Funds Weigh In On Model N

A number of institutional investors have recently added to or reduced their stakes in the company. Kopp LeRoy C acquired a new position in Model N during the first quarter worth approximately $6,105,000. Kennedy Capital Management LLC bought a new position in shares of Model N during the 1st quarter worth approximately $1,530,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Model N by 7.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,018 shares of the software maker’s stock worth $513,000 after acquiring an additional 1,193 shares during the last quarter. EntryPoint Capital LLC raised its stake in Model N by 24.8% in the 1st quarter. EntryPoint Capital LLC now owns 3,723 shares of the software maker’s stock valued at $106,000 after acquiring an additional 741 shares during the period. Finally, Gagnon Securities LLC lifted its holdings in Model N by 8.7% during 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 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.