Model N, Inc. (MODN) Sees Strong Trading Volume

Model N, Inc. (NYSE:MODN) shares saw unusually-high trading volume on Tuesday . Approximately 2,322,926 shares were traded during mid-day trading, an increase of 1,519% from the previous session’s volume of 143,489 shares.The stock last traded at $15.70 and had previously closed at $14.80.

MODN has been the subject of a number of research reports. BidaskClub cut shares of Model N from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 10th. Zacks Investment Research raised shares of Model N from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Monday, August 14th. Finally, ValuEngine raised shares of Model N from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Model N has an average rating of “Buy” and an average target price of $14.75.

The company has a debt-to-equity ratio of 1.27, a current ratio of 1.13 and a quick ratio of 1.13.

Model N (NYSE:MODN) last released its quarterly earnings results on Tuesday, November 7th. The software maker reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. Model N had a negative net margin of 30.15% and a negative return on equity of 55.26%. The company had revenue of $35.61 million for the quarter, compared to analyst estimates of $34.86 million. During the same period last year, the firm earned ($0.28) earnings per share. The firm’s revenue was up 24.9% on a year-over-year basis. equities research analysts anticipate that Model N, Inc. will post -0.64 earnings per share for the current year.

In other Model N news, SVP Amelia Generalis sold 6,298 shares of Model N stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $13.35, for a total value of $84,078.30. Following the sale, the senior vice president now owns 70,436 shares of the company’s stock, valued at $940,320.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Alan S. Henricks sold 13,475 shares of Model N stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $14.50, for a total transaction of $195,387.50. Following the completion of the sale, the director now directly owns 40,134 shares in the company, valued at approximately $581,943. The disclosure for this sale can be found here. Insiders have sold 28,099 shares of company stock worth $401,158 over the last three months. 20.40% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the business. Prescott Group Capital Management L.L.C. bought a new stake in Model N in the second quarter worth about $140,000. Prudential Financial Inc. bought a new stake in Model N in the second quarter worth about $141,000. American International Group Inc. raised its position in Model N by 7.1% in the first quarter. American International Group Inc. now owns 13,678 shares of the software maker’s stock worth $143,000 after acquiring an additional 904 shares during the period. Trexquant Investment LP bought a new stake in Model N in the third quarter worth about $154,000. Finally, Metropolitan Life Insurance Co. NY bought a new stake in Model N in the first quarter worth about $175,000. 65.17% of the stock is currently owned by institutional investors and hedge funds.

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Model N Company Profile

Model N, Inc is a provider of revenue management solutions for life science and technology companies. The Company’s solutions enable its customers to maximize revenues and reduce revenue compliance risk by transforming their revenue life cycle from a series of tactical, disjointed operations into a strategic end-to-end process.

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