Model N (NYSE:MODN) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Model N (NYSE:MODN) announced its quarterly earnings results on Monday. The software maker reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02), Briefing.com reports. Model N had a positive return on equity of 5.79% and a negative net margin of 12.48%. The business had revenue of $65.10 million during the quarter, compared to analysts’ expectations of $64.45 million. During the same period in the previous year, the company posted ($0.05) EPS. Model N’s revenue for the quarter was up 4.3% on a year-over-year basis.

Model N Stock Up 0.3 %

NYSE:MODN opened at $29.77 on Wednesday. The firm has a market capitalization of $1.16 billion, a P/E ratio of -35.44 and a beta of 0.68. Model N has a 1-year low of $20.90 and a 1-year high of $35.96. The company’s fifty day moving average price is $27.67 and its 200-day moving average price is $26.20. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.00 and a quick ratio of 4.00.

Insider Transactions at Model N

In other news, CEO Jason Blessing sold 27,446 shares of the stock in a transaction 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 sale, the chief executive officer now owns 903,451 shares in the company, valued at $23,833,037.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO John Ederer sold 8,241 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $26.38, for a total transaction of $217,397.58. Following the sale, the chief financial officer now owns 315,145 shares in the company, valued at $8,313,525.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jason Blessing sold 27,446 shares of Model N stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $26.38, for a total transaction of $724,025.48. Following the completion of the sale, the chief executive officer now 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 72,616 shares of company stock worth $1,897,243 over the last 90 days. 2.55% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Robert W. Baird reaffirmed a “neutral” rating and issued a $30.00 price target on shares of Model N in a research report on Monday, April 8th. Needham & Company LLC reissued a “hold” rating on shares of Model N in a research report on Tuesday. Royal Bank of Canada reissued a “sector perform” rating and set a $30.00 target price on shares of Model N in a research report on Tuesday, April 9th. Craig Hallum reissued a “hold” rating and set a $30.00 target price on shares of Model N in a research report on Tuesday, April 9th. Finally, JMP Securities reissued a “market perform” rating on shares of Model N in a research report on Monday. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Model N currently has an average rating of “Hold” and an average target price of $31.80.

Model N Company Profile

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.