Analysts expect Model N Inc (NYSE:MODN) to announce sales of $34.24 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Model N’s earnings. The highest sales estimate is $34.40 million and the lowest is $34.10 million. Model N posted sales of $39.07 million during the same quarter last year, which would indicate a negative year over year growth rate of 12.4%. The firm is scheduled to issue its next earnings results on Tuesday, February 5th.

On average, analysts expect that Model N will report full year sales of $139.91 million for the current financial year, with estimates ranging from $139.67 million to $140.08 million. For the next year, analysts expect that the company will report sales of $156.77 million, with estimates ranging from $155.07 million to $158.48 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Model N.

Model N (NYSE:MODN) last announced its earnings results on Tuesday, November 6th. The software maker reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.05. The company had revenue of $36.70 million during the quarter, compared to the consensus estimate of $35.49 million. Model N had a negative net margin of 18.24% and a negative return on equity of 54.37%. Model N’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.06) earnings per share.

Several brokerages have weighed in on MODN. JPMorgan Chase & Co. raised their target price on shares of Model N to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, August 7th. They noted that the move was a valuation call. JMP Securities restated a “buy” rating and issued a $25.00 target price on shares of Model N in a research note on Sunday, September 2nd. Zacks Investment Research cut shares of Model N from a “buy” rating to a “hold” rating in a report on Monday, August 13th. Oppenheimer started coverage on shares of Model N in a report on Friday, October 19th. They issued an “outperform” rating and a $23.00 price target for the company. Finally, ValuEngine cut shares of Model N from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $22.29.

MODN traded down $0.34 during trading on Wednesday, hitting $13.62. The stock had a trading volume of 290,243 shares, compared to its average volume of 233,789. The company has a market cap of $436.26 million, a price-to-earnings ratio of -18.66 and a beta of 0.77. Model N has a twelve month low of $12.60 and a twelve month high of $20.33. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.37.

Several hedge funds and other institutional investors have recently bought and sold shares of MODN. MetLife Investment Advisors LLC raised its holdings in shares of Model N by 55.9% in the third quarter. MetLife Investment Advisors LLC now owns 18,053 shares of the software maker’s stock worth $286,000 after buying an additional 6,470 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of Model N in the third quarter worth $351,000. Macquarie Group Ltd. purchased a new position in shares of Model N in the second quarter worth $361,000. Engineers Gate Manager LP raised its holdings in shares of Model N by 31.1% in the second quarter. Engineers Gate Manager LP now owns 22,223 shares of the software maker’s stock worth $413,000 after buying an additional 5,276 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Model N by 20.6% in the second quarter. Rhumbline Advisers now owns 24,854 shares of the software maker’s stock worth $462,000 after buying an additional 4,238 shares during the last quarter. 79.50% of the stock is owned by institutional investors and hedge funds.

About Model N

Model N, Inc provides revenue management cloud solutions for the life sciences, technology, and manufacturing companies. The company's cloud-based revenue management solutions include Revenue Cloud for Pharma, Revenue Cloud for Med Tech, Revenue Cloud for High Tech, and Revenue Cloud. It develops software applications, such as managed care and government pricing for life science companies; and channel incentives for technology companies.

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