Model N (MODN) Receiving Favorable Press Coverage, Study Finds

News headlines about Model N (NYSE:MODN) have trended positive on Sunday, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Model N earned a media sentiment score of 0.29 on Accern’s scale. Accern also assigned news headlines about the software maker an impact score of 45.7338694589309 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news headlines that may have effected Accern’s rankings:

Shares of Model N (NYSE:MODN) traded up $0.05 during trading on Friday, hitting $17.15. 578,272 shares of the company traded hands, compared to its average volume of 227,340. The company has a current ratio of 1.15, a quick ratio of 1.13 and a debt-to-equity ratio of 1.29. Model N has a one year low of $9.75 and a one year high of $17.65. The company has a market capitalization of $505.47, a PE ratio of -13.29 and a beta of 1.06.

Model N (NYSE:MODN) last issued its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.09. Model N had a negative net margin of 26.17% and a negative return on equity of 55.03%. The company had revenue of $39.10 million for the quarter, compared to analysts’ expectations of $37.14 million. During the same quarter in the previous year, the firm posted ($0.15) earnings per share. Model N’s revenue for the quarter was up 39.1% on a year-over-year basis. equities research analysts anticipate that Model N will post -0.57 EPS for the current year.

A number of analysts have weighed in on the stock. JMP Securities raised shares of Model N from a “market perform” rating to an “outperform” rating in a research note on Wednesday. ValuEngine raised shares of Model N from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research cut shares of Model N from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Dougherty & Co boosted their price objective on shares of Model N from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Finally, JPMorgan Chase & Co. cut shares of Model N from an “overweight” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a research note on Tuesday, December 12th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $18.00.

In related news, Director Alan S. Henricks sold 13,475 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $14.50, for a total value of $195,387.50. Following the sale, the director now owns 40,134 shares of the company’s stock, valued at $581,943. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 18.90% of the company’s stock.

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About Model N

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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