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 note published on Friday. The brokerage issued a hold rating on the software maker’s stock.

Several other analysts have also issued reports on MODN. Royal Bank of Canada reissued a sector perform rating and set a $30.00 price target on shares of Model N in a report on Tuesday, April 9th. Robert W. Baird reaffirmed a neutral rating and set a $30.00 target price on shares of Model N in a research note on Monday, April 8th. JMP Securities restated a market perform rating on shares of Model N in a report on Tuesday. Needham & Company LLC reissued a hold rating on shares of Model N in a research report on Monday, April 22nd. Finally, Craig Hallum reaffirmed a hold rating and issued a $30.00 price target on shares of Model N in a report on Tuesday, April 9th. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $31.80.

Model N Stock Performance

Shares of NYSE:MODN opened at $29.65 on Friday. Model N has a 12-month low of $20.90 and a 12-month high of $35.96. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 2.26. The business’s 50 day moving average is $27.04 and its 200 day moving average is $25.87.

Model N (NYSE:MODN) last posted its earnings results 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 positive return on equity of 5.79% and a negative net margin of 12.48%. The business had revenue of $63.49 million for the quarter, compared to analysts’ expectations of $62.12 million. As a group, equities analysts predict that Model N will post 0.2 EPS for the current fiscal year.

Insider Buying and Selling at Model N

In other news, CRO Christopher Lyon sold 7,862 shares of the firm’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 $207,399.56. Following the sale, the executive now directly owns 237,845 shares in the company, valued at approximately $6,274,351.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CRO Christopher Lyon sold 7,862 shares of the company’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 $207,399.56. Following the transaction, the executive now directly owns 237,845 shares in the company, valued at $6,274,351.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dave Yarnold sold 5,000 shares of the firm’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 transaction, the director now directly owns 22,012 shares of the company’s stock, valued at approximately $591,682.56. The disclosure for this sale can be found here. Insiders sold a total of 72,616 shares of company stock worth $1,897,243 over the last quarter. 2.55% of the stock is currently owned by insiders.

Institutional Trading of Model N

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Conestoga Capital Advisors LLC raised its position in Model N by 15.3% during the fourth quarter. Conestoga Capital Advisors LLC now owns 3,824,894 shares of the software maker’s stock valued at $103,004,000 after acquiring an additional 507,090 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Model N by 5.1% during the 3rd quarter. Vanguard Group Inc. now owns 2,644,961 shares of the software maker’s stock worth $64,563,000 after buying an additional 128,461 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in Model N by 70.8% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 44,400 shares of the software maker’s stock valued at $1,084,000 after buying an additional 18,400 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Model N in the fourth quarter valued at $7,964,000. Finally, Artisan Partners Limited Partnership raised its position in Model N by 14.6% in the third quarter. Artisan Partners Limited Partnership now owns 3,310,207 shares of the software maker’s stock valued at $80,802,000 after purchasing an additional 421,952 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.