Model N Inc (NYSE:MODN) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $18.00.
Several equities analysts have issued reports on MODN shares. BidaskClub downgraded shares of Model N from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Zacks Investment Research raised 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 reaffirmed 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 raised their price target on shares of Model N from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th.
Large investors have recently bought and sold shares of the company. Prudential Financial Inc. acquired a new stake in Model N during the second quarter worth about $141,000. Trexquant Investment LP acquired a new stake in Model N during the third quarter worth about $154,000. MetLife Investment Advisors LLC acquired a new stake in Model N during the fourth quarter worth about $182,000. Voya Investment Management LLC increased its position in Model N by 14.7% during the second quarter. Voya Investment Management LLC now owns 14,963 shares of the software maker’s stock worth $199,000 after purchasing an additional 1,915 shares during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in Model N during the second quarter worth about $221,000. 65.56% of the stock is currently owned by hedge funds and other institutional investors.
Model N (NYSE:MODN) traded down $0.80 on Wednesday, reaching $17.05. 469,540 shares of the company’s stock traded hands, compared to its average volume of 238,533. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $502.52, a P/E ratio of -13.22 and a beta of 1.06. Model N has a fifty-two week low of $9.75 and a fifty-two week high of $17.90.
Model N (NYSE:MODN) last posted its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.09. The business had revenue of $39.10 million for the quarter, compared to the consensus estimate of $37.14 million. Model N had a negative net margin of 26.17% and a negative return on equity of 55.03%. The company’s revenue was up 39.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.15) earnings per share. sell-side analysts expect that Model N will post -0.57 earnings per share for the current fiscal year.
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About Model N
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.
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