StockNews.com Initiates Coverage on Model N (NYSE:MODN)

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

Other equities research analysts have also issued research reports about the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price target on shares of Model N in a research note on Tuesday, April 9th. Craig Hallum reaffirmed a “hold” rating and issued a $30.00 target price on shares of Model N in a research note on Tuesday, April 9th. Robert W. Baird reaffirmed a “neutral” rating and issued a $30.00 price objective on shares of Model N in a research note on Monday, April 8th. Needham & Company LLC reiterated a “hold” rating on shares of Model N in a research report on Tuesday, April 9th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $30.00 target price (down previously from $37.00) on shares of Model N in a research note on Wednesday, April 10th. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.80.

Model N Stock Down 0.5 %

Shares of NYSE MODN opened at $29.62 on Thursday. 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 business has a 50-day moving average of $26.76 and a 200-day moving average of $25.66. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -35.26 and a beta of 0.70. Model N has a 12 month low of $20.90 and a 12 month high of $35.96.

Model N (NYSE:MODN) last released its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company had revenue of $63.49 million during the quarter, compared to analysts’ expectations of $62.12 million. Model N had a positive return on equity of 5.79% and a negative net margin of 12.48%. Sell-side analysts expect that Model N will post 0.2 earnings per share for the current fiscal year.

Insider Activity at Model N

In other news, Director Dave Yarnold sold 5,000 shares of the stock in a transaction that occurred 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 transaction, 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 can be accessed through this hyperlink. In other Model N news, CRO Christopher Lyon sold 7,862 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $26.38, for a total transaction of $207,399.56. Following the transaction, the executive now owns 237,845 shares in the company, valued at approximately $6,274,351.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dave Yarnold sold 5,000 shares of Model N stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $26.88, for a total transaction of $134,400.00. Following the completion of the sale, the director now owns 22,012 shares of the company’s stock, valued at $591,682.56. The disclosure for this sale can be found here. Insiders have sold 72,616 shares of company stock worth $1,897,243 over the last 90 days. 2.55% of the stock is owned by company insiders.

Institutional Investors Weigh In On Model N

Large investors have recently added to or reduced their stakes in the stock. C M Bidwell & Associates Ltd. purchased a new stake in shares of Model N during the 3rd quarter valued at about $34,000. Altshuler Shaham Ltd raised its holdings in Model N by 79.2% in the 4th quarter. Altshuler Shaham Ltd now owns 1,572 shares of the software maker’s stock worth $64,000 after purchasing an additional 695 shares during the period. Tower Research Capital LLC TRC grew its holdings in Model N by 35.0% during the third quarter. Tower Research Capital LLC TRC now owns 1,664 shares of the software maker’s stock valued at $57,000 after purchasing an additional 431 shares during the period. International Assets Investment Management LLC raised its stake in shares of Model N by 1,594.0% in the fourth 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 during the period. Finally, Osaic Holdings Inc. grew its stake in shares of Model N by 319.8% during the 2nd quarter. Osaic Holdings Inc. now owns 4,156 shares of the software maker’s stock valued at $147,000 after acquiring an additional 3,166 shares during the period.

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.