Model N (NYSE:MODN) posted its quarterly earnings data on Tuesday. The software maker reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.09, Bloomberg Earnings reports. Model N had a negative net margin of 26.17% and a negative return on equity of 53.40%. The company had revenue of $39.10 million for the quarter, compared to the consensus estimate of $37.14 million. During the same period last year, the company earned ($0.15) earnings per share. The firm’s revenue was up 39.1% compared to the same quarter last year. Model N updated its Q2 guidance to ($0.05)-($0.03) EPS and its FY18 guidance to ($0.10)-($0.03) EPS.

Shares of Model N (NYSE:MODN) traded down $0.05 on Thursday, reaching $17.35. 67,247 shares of the company were exchanged, compared to its average volume of 197,989. The firm has a market capitalization of $405.26, a P/E ratio of -13.49 and a beta of 1.06. Model N has a fifty-two week low of $9.75 and a fifty-two week high of $17.65. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.13 and a current ratio of 1.13.

MODN has been the topic of a number of recent research reports. BidaskClub downgraded shares of Model N from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Zacks Investment Research upgraded shares of Model N from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Monday, November 13th. Raymond James Financial reiterated a “hold” rating on shares of Model N in a report on Monday, December 4th. JPMorgan Chase & Co. downgraded shares of Model N from an “overweight” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a report on Tuesday, December 12th. Finally, Dougherty & Co lifted their price objective on shares of Model N from $17.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, December 19th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.00.

In related news, Director Alan S. Henricks sold 4,730 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $14.59, for a total transaction of $69,010.70. Following the transaction, the director now directly owns 40,134 shares in the company, valued at $585,555.06. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Alan S. Henricks sold 13,475 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $14.50, for a total transaction of $195,387.50. Following the transaction, the director now owns 40,134 shares in the company, valued at $581,943. The disclosure for this sale can be found here. 18.90% of the stock is currently owned by insiders.

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Model N Company Profile

Model N, Inc is a provider of revenue management solutions for life science and technology companies. The Company’s solutions enable its customers to maximize revenues and reduce revenue compliance risk by transforming their revenue life cycle from a series of tactical, disjointed operations into a strategic end-to-end process.

Earnings History for Model N (NYSE:MODN)

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