Model N Inc (NYSE:MODN) has been assigned a consensus rating of “Buy” from the nine brokerages that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $18.75.
MODN has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Model N from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Raymond James Financial reaffirmed a “hold” rating on shares of Model N in a research report on Monday, December 4th. Dougherty & Co upped their target price on shares of Model N from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. JPMorgan Chase & Co. downgraded shares of Model N from an “overweight” rating to a “neutral” rating and set a $18.00 target price on the stock. in a research report on Tuesday, December 12th. Finally, JMP Securities raised shares of Model N from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 7th.
In other news, SVP Neeraj Gokhale sold 1,628 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $16.94, for a total value of $27,578.32. Following the sale, the senior vice president now directly owns 81,389 shares of the company’s stock, valued at approximately $1,378,729.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mark Albert Anderson sold 10,153 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $16.65, for a total transaction of $169,047.45. The disclosure for this sale can be found here. 18.90% of the stock is owned by corporate insiders.
Shares of Model N (MODN) traded down $0.10 during trading on Friday, reaching $18.40. 56,960 shares of the company’s stock were exchanged, compared to its average volume of 254,587. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.29. The stock has a market cap of $554.28, a P/E ratio of -14.22 and a beta of 0.86. Model N has a fifty-two week low of $9.85 and a fifty-two week high of $18.90.
Model N (NYSE:MODN) last issued its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.09. The business had revenue of $39.10 million for the quarter, compared to the consensus estimate of $37.14 million. Model N had a negative net margin of 26.17% and a negative return on equity of 55.03%. The company’s quarterly revenue was up 39.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.15) EPS. sell-side analysts expect that Model N will post -0.57 EPS for the current fiscal year.
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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