Model N Inc (NYSE:MODN) – Equities researchers at Dougherty & Co issued their Q2 2018 earnings per share estimates for shares of Model N in a research report issued on Wednesday. Dougherty & Co analyst R. Mattson forecasts that the software maker will earn ($0.18) per share for the quarter. Dougherty & Co currently has a “Buy” rating and a $20.00 target price on the stock. Dougherty & Co also issued estimates for Model N’s FY2018 earnings at ($0.57) EPS.
Model N (NYSE:MODN) last issued its earnings results on Tuesday, February 6th. The software maker reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.09. The firm had revenue of $39.10 million for the quarter, compared to analyst estimates of $37.14 million. Model N had a negative return on equity of 55.03% and a negative net margin of 26.17%. Model N’s revenue for the quarter was up 39.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.15) earnings per share.
A number of other equities research analysts have also commented on the company. JMP Securities upgraded Model N from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 7th. ValuEngine upgraded Model N from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered Model N from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. JPMorgan Chase & Co. lowered 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, Raymond James Financial reiterated a “hold” rating on shares of Model N in a research report on Monday, December 4th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $18.00.
Shares of Model N (NYSE MODN) opened at $16.85 on Monday. The company has a market capitalization of $505.64, a P/E ratio of -13.06 and a beta of 1.06. Model N has a 52-week low of $9.75 and a 52-week high of $17.65. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.15 and a quick ratio of 1.15.
A number of large investors have recently made changes to their positions in MODN. Prudential Financial Inc. acquired a new position in Model N in the second quarter valued at approximately $141,000. Trexquant Investment LP acquired a new position in Model N in the third quarter valued at approximately $154,000. Voya Investment Management LLC lifted its holdings in Model N by 14.7% in the second quarter. Voya Investment Management LLC now owns 14,963 shares of the software maker’s stock valued at $199,000 after acquiring an additional 1,915 shares during the period. Goldman Sachs Group Inc. acquired a new position in Model N in the second quarter valued at approximately $221,000. Finally, Alliancebernstein L.P. acquired a new position in Model N in the second quarter valued at approximately $222,000. 65.56% of the stock is owned by institutional investors.
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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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