Model N (NASDAQ:MODN) had its price objective decreased by Deutsche Bank from $15.00 to $12.00 in a report released on Wednesday, Analyst Ratings.Net reports. Deutsche Bank currently has a buy rating on the stock.
Deutsche Bank has also modified their ratings on a number of other stocks in the few days. The firm reiterated its buy rating on shares of Trina Solar. They have a $23.00 price target on that stock. Also, Deutsche Bank raised its price target on shares of Diana Shipping from $12.00 to $13.00. They have a hold rating on that stock. Finally, Deutsche Bank downgraded shares of Yanzhou Coal Mining from a hold rating to a sell rating.
Shares of Model N (NASDAQ:MODN) opened at 8.24 on Wednesday. Model N has a 1-year low of $8.11 and a 1-year high of $24.80. The stock has a 50-day moving average of $9.12 and a 200-day moving average of $16.29. The company’s market cap is $189.1 million.
Model N (NASDAQ:MODN) last issued its quarterly earnings data on Tuesday, November 19th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.12. The company had revenue of $27.80 million for the quarter, compared to the consensus estimate of $27.59 million. The company’s quarterly revenue was up 19.8% on a year-over-year basis. Analysts expect that Model N will post $-0.29 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Pacific Crest downgraded shares of Model N from an outperform rating to a sector perform rating in a research note to investors on Tuesday, September 10th. They now have a $27.00 price target on the stock. Separately, analysts at Stifel Nicolaus downgraded shares of Model N from a buy rating to a hold rating in a research note to investors on Tuesday, September 10th. They now have a $25.00 price target on the stock. Finally, analysts at Raymond James downgraded shares of Model N from an outperform rating to a market perform rating in a research note to investors on Tuesday, September 10th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $18.75.
Model N Inc is a United States-based company, which provides revenue management solutions for the life science and technology industries.
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