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

Equities researchers at StockNews.com assumed coverage on shares of Model N (NYSE:MODN) in a research report issued to clients and investors on Saturday. The brokerage set a “hold” rating on the software maker’s stock.

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

Model N Stock Performance

Shares of MODN opened at $29.81 on Friday. Model N has a one year low of $20.90 and a one year high of $35.96. The company has a market cap of $1.16 billion, a PE ratio of -35.49 and a beta of 0.68. The stock has a 50-day moving average of $27.49 and a 200-day moving average of $26.07. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.00 and a quick ratio of 4.00.

Model N (NYSE:MODN) last posted its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.01 earnings per share (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 analyst estimates of $62.12 million. On average, equities research analysts predict that Model N will post 0.2 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CRO Christopher Lyon sold 8,124 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $25.26, for a total value of $205,212.24. Following the transaction, the executive now owns 229,721 shares of the company’s stock, valued at approximately $5,802,752.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Dave Yarnold sold 5,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were 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 owns 22,012 shares of the company’s stock, valued at approximately $591,682.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Christopher Lyon sold 8,124 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $25.26, for a total transaction of $205,212.24. Following the completion of the sale, the executive now directly owns 229,721 shares of the company’s stock, valued at approximately $5,802,752.46. 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 currently owned by corporate insiders.

Institutional Investors Weigh In On Model N

Several institutional investors have recently added to or reduced their stakes in the company. Lmcg Investments LLC lifted its position in shares of Model N by 2.1% in the 3rd quarter. Lmcg Investments LLC now owns 40,660 shares of the software maker’s stock worth $993,000 after purchasing an additional 830 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Model N by 6.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,130 shares of the software maker’s stock worth $461,000 after acquiring an additional 1,043 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Model N by 14.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,235 shares of the software maker’s stock worth $249,000 after acquiring an additional 1,181 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new stake in Model N during the 3rd quarter valued at about $34,000. Finally, Renaissance Group LLC increased its stake in Model N by 2.9% during the 3rd quarter. Renaissance Group LLC now owns 51,792 shares of the software maker’s stock valued at $1,264,000 after purchasing an additional 1,483 shares in the last quarter.

Model N Company Profile

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.