Model N (NYSE:MODN) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Model N (NYSE:MODN) in a note issued to investors on Friday. The firm set a “hold” rating on the software maker’s stock.

Several other equities research analysts also recently issued reports on the company. Needham & Company LLC restated a “hold” rating on shares of Model N in a report on Monday, April 22nd. Robert W. Baird reiterated a “neutral” rating and set a $30.00 price objective on shares of Model N in a report on Monday, April 8th. Craig Hallum reiterated a “hold” rating and set a $30.00 price objective on shares of Model N in a report on Tuesday, April 9th. JMP Securities reiterated a “market perform” rating on shares of Model N in a report on Tuesday, April 23rd. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $30.00 price objective (down from $37.00) on shares of Model N in a report on Wednesday, April 10th. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $31.80.

Model N Trading Up 0.1 %

NYSE:MODN opened at $29.64 on Friday. Model N has a 1-year low of $20.90 and a 1-year high of $35.96. The business’s 50-day moving average price is $27.04 and its two-hundred day moving average price is $25.88. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 2.26. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -35.29 and a beta of 0.70.

Model N (NYSE:MODN) last released its earnings results on Tuesday, February 6th. The software maker reported $0.01 earnings per share 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 company had revenue of $63.49 million during the quarter, compared to analyst estimates of $62.12 million. On average, equities analysts expect that Model N will post 0.2 earnings per share for the current year.

Insider Activity at Model N

In related news, insider Laura Selig sold 4,770 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $26.38, for a total value of $125,832.60. Following the completion of the sale, the insider now directly owns 143,866 shares in the company, valued at approximately $3,795,185.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Dave Yarnold sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $26.88, for a total value of $134,400.00. Following the completion of the sale, the director now directly owns 22,012 shares in the company, valued at approximately $591,682.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laura Selig sold 4,770 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $26.38, for a total value of $125,832.60. Following the sale, the insider now owns 143,866 shares of the company’s stock, valued at $3,795,185.08. The disclosure for this sale can be found here. Insiders sold 72,616 shares of company stock worth $1,897,243 in the last ninety days. 2.55% of the stock is owned by company insiders.

Institutional Trading of Model N

A number of institutional investors have recently modified their holdings of MODN. C M Bidwell & Associates Ltd. acquired a new position in shares of Model N during the 3rd quarter worth $34,000. International Assets Investment Management LLC raised its holdings in shares of Model N by 1,594.0% during the 4th quarter. International Assets Investment Management LLC now owns 2,558 shares of the software maker’s stock worth $69,000 after buying an additional 2,407 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Model N during the 4th quarter worth $115,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Model N by 27.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,054 shares of the software maker’s stock worth $197,000 after buying an additional 1,743 shares in the last quarter. Finally, Aigen Investment Management LP raised its holdings in shares of Model N by 23.3% during the 3rd quarter. Aigen Investment Management LP now owns 9,394 shares of the software maker’s stock worth $229,000 after buying an additional 1,778 shares in the last quarter.

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.