Model N (NYSE:MODN) Earns “Market Perform” Rating from JMP Securities

JMP Securities reiterated their market perform rating on shares of Model N (NYSE:MODN) in a report released on Tuesday, Benzinga reports.

Other equities analysts have also recently issued reports about the company. StockNews.com initiated coverage on Model N in a report on Thursday, April 18th. They set a hold rating on the stock. Royal Bank of Canada reissued a sector perform rating and set a $30.00 price target on shares of Model N in a report on Tuesday, April 9th. Needham & Company LLC reissued a hold rating on shares of Model N in a report on Monday. Craig Hallum restated a hold rating and issued a $30.00 price objective on shares of Model N in a research note on Tuesday, April 9th. Finally, Robert W. Baird restated a neutral rating and issued a $30.00 price objective on shares of Model N in a research note on Monday, April 8th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Hold and an average target price of $31.80.

Model N Price Performance

MODN stock opened at $29.63 on Tuesday. Model N has a 12-month low of $20.90 and a 12-month high of $35.96. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 2.26. The stock’s 50 day simple moving average is $26.97 and its 200 day simple moving average is $25.82.

Model N (NYSE:MODN) last released its quarterly 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). The firm had revenue of $63.49 million for the quarter, compared to the consensus estimate of $62.12 million. Model N had a negative net margin of 12.48% and a positive return on equity of 5.79%. Research analysts expect that Model N will post 0.2 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Jason Blessing sold 27,446 shares of the firm’s stock in a transaction dated 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 owns 903,451 shares in the company, valued at $23,833,037.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO John Ederer sold 8,241 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $26.38, for a total transaction of $217,397.58. Following the completion of the transaction, the chief financial officer now owns 315,145 shares in the company, valued at $8,313,525.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jason Blessing sold 27,446 shares of the stock in a transaction dated Friday, February 16th. The shares were 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 of the company’s stock, valued at approximately $23,833,037.38. The disclosure for this sale can be found here. Insiders sold a total of 72,616 shares of company stock worth $1,897,243 over the last 90 days. Corporate insiders own 2.55% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MODN. Ziegler Capital Management LLC lifted its holdings in shares of Model N by 3.9% in the 3rd quarter. Ziegler Capital Management LLC now owns 13,018 shares of the software maker’s stock valued at $318,000 after acquiring an additional 493 shares during the last quarter. Deltec Asset Management LLC bought a new position in shares of Model N in the 3rd quarter valued at about $293,000. Bank of New York Mellon Corp lifted its holdings in shares of Model N by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 149,771 shares of the software maker’s stock valued at $3,656,000 after acquiring an additional 1,634 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Model N by 27.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,054 shares of the software maker’s stock valued at $197,000 after acquiring an additional 1,743 shares during the last quarter. Finally, Inspire Investing LLC bought a new position in shares of Model N in the 3rd quarter valued at about $309,000.

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.