Model N (NYSE:MODN) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Model N (NYSE:MODN) in a research report released on Friday. The firm issued a hold rating on the software maker’s stock.

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

Model N Price Performance

NYSE MODN opened at $29.65 on Friday. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 2.26. Model N has a 12 month low of $20.90 and a 12 month high of $35.96. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -35.30 and a beta of 0.70. The company’s 50 day moving average is $27.12 and its two-hundred day moving average is $25.93.

Model N (NYSE:MODN) last announced its quarterly earnings data 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 firm had revenue of $63.49 million for the quarter, compared to the consensus estimate of $62.12 million. As a group, research analysts anticipate that Model N will post 0.2 earnings per share for the current year.

Insider Transactions at Model N

In related news, CRO Christopher Lyon sold 8,124 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $25.26, for a total value of $205,212.24. Following the completion of 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 SEC, which can be accessed through this hyperlink. In other news, CRO Christopher Lyon sold 8,124 shares of Model N stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $25.26, for a total value of $205,212.24. Following the completion of the transaction, the executive now owns 229,721 shares in the company, valued at approximately $5,802,752.46. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jason Blessing sold 27,446 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $26.38, for a total value of $724,025.48. Following the transaction, the chief executive officer now directly owns 903,451 shares in the company, valued at approximately $23,833,037.38. The disclosure for this sale can be found here. Insiders have sold a total of 72,616 shares of company stock worth $1,897,243 in the last three months. Insiders own 2.55% of the company’s stock.

Institutional Investors Weigh In On Model N

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Conestoga Capital Advisors LLC boosted its stake in shares of Model N by 0.8% during the 1st quarter. Conestoga Capital Advisors LLC now owns 3,855,355 shares of the software maker’s stock worth $109,762,000 after purchasing an additional 30,461 shares during the period. Quadrature Capital Ltd lifted its stake in Model N by 43.9% in the fourth quarter. Quadrature Capital Ltd now owns 23,532 shares of the software maker’s stock worth $635,000 after purchasing an additional 7,183 shares during the last quarter. Bares Capital Management Inc. boosted its position in shares of Model N by 63.8% during the fourth quarter. Bares Capital Management Inc. now owns 565,000 shares of the software maker’s stock valued at $15,215,000 after buying an additional 220,000 shares during the period. Ranger Investment Management L.P. grew its stake in shares of Model N by 8.2% during the fourth quarter. Ranger Investment Management L.P. now owns 937,846 shares of the software maker’s stock valued at $25,256,000 after buying an additional 70,868 shares during the last quarter. Finally, Sea Cliff Partners Management LP bought a new position in shares of Model N during the fourth quarter valued at approximately $6,078,000.

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.