Model N (MODN) to Release Quarterly Earnings on Monday

Model N (NYSE:MODN) is set to issue its quarterly earnings data before the market opens on Monday, May 6th. Analysts expect the company to announce earnings of $0.26 per share for the quarter.

Model N (NYSE:MODN) last posted its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). Model N had a negative net margin of 12.48% and a positive return on equity of 5.79%. The business had revenue of $63.49 million during the quarter, compared to analysts’ expectations of $62.12 million. On average, analysts expect Model N to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Model N Stock Up 0.2 %

MODN opened at $29.81 on Friday. Model N has a 52-week low of $20.90 and a 52-week high of $35.96. The company has a 50 day moving average of $27.49 and a two-hundred day moving average of $26.09. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 2.26.

Wall Street Analysts Forecast Growth

MODN has been the topic of several recent research reports. Royal Bank of Canada restated a “sector perform” rating and set a $30.00 target price on shares of Model N in a report on Tuesday, April 9th. Morgan Stanley restated an “equal weight” rating and set a $30.00 price objective (down previously from $37.00) on shares of Model N in a research note on Wednesday, April 10th. StockNews.com began coverage on Model N in a research note on Saturday. They issued a “hold” rating for the company. Robert W. Baird reissued a “neutral” rating and set a $30.00 price target on shares of Model N in a research report on Monday, April 8th. Finally, Craig Hallum restated a “hold” rating and issued a $30.00 price target on shares of Model N in a report on Tuesday, April 9th. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $31.80.

Insiders Place Their Bets

In other news, CEO Jason Blessing sold 27,446 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $26.38, for a total transaction of $724,025.48. Following the completion of the transaction, the chief executive officer now directly owns 903,451 shares in the company, valued at approximately $23,833,037.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Dave Yarnold sold 5,000 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $26.88, for a total transaction of $134,400.00. Following the transaction, the director now owns 22,012 shares of the company’s stock, valued at $591,682.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jason Blessing sold 27,446 shares of Model N stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $26.38, for a total value of $724,025.48. Following the completion of the transaction, the chief executive officer now owns 903,451 shares of the company’s stock, valued at $23,833,037.38. The disclosure for this sale can be found here. Insiders have sold 72,616 shares of company stock worth $1,897,243 in the last three months. 2.55% of the stock is owned by insiders.

About Model N

Model N, Inc provides cloud revenue management solutions for life sciences and high-tech companies in the United States and internationally. The company offers Global Pricing Management, which minimizes price erosion of products; Global Tender Management that enhances revenue by enabling segmentation and targeting, optimal bid pricing, and post-award tracking; Provider Management, which minimizes rebate overpayments; Payer Management that minimizes revenue leakage and noncompliance of complex contracts; Government Pricing, which optimizes revenue, and reduces the risk of fines and other penalties; and Medicaid that enhances compliance with regulatory requirements and payments of rebate claims on a timely basis and at correct rates for government Medicaid programs, as well as Validata, State Pricing Transparency Management, Advanced Membership Management, and Intelligence Cloud.