News headlines about Model N (NYSE:MODN) have trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Model N earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 46.0144068932644 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern’s scoring:
MODN stock traded down $0.10 during trading on Friday, reaching $17.45. The stock had a trading volume of 127,018 shares, compared to its average volume of 229,409. Model N has a one year low of $10.00 and a one year high of $18.90. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market capitalization of $517.43, a price-to-earnings ratio of -21.02 and a beta of 0.80.
Model N (NYSE:MODN) last issued its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.09. Model N had a negative net margin of 26.17% and a negative return on equity of 55.03%. The business had revenue of $39.10 million during the quarter, compared to the consensus estimate of $37.14 million. During the same period in the prior year, the firm posted ($0.15) EPS. The firm’s quarterly revenue was up 39.1% compared to the same quarter last year. sell-side analysts forecast that Model N will post -0.57 EPS for the current fiscal year.
Several equities research analysts have recently commented on the stock. ValuEngine raised shares of Model N from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research downgraded shares of Model N from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. JPMorgan Chase set a $20.00 target price on shares of Model N and gave the stock a “hold” rating in a research report on Wednesday, March 14th. They noted that the move was a valuation call. Dougherty & Co boosted their target price on shares of Model N from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Finally, JMP Securities raised shares of Model N from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 7th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $19.25.
In other Model N news, SVP Neeraj Gokhale sold 1,628 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $16.94, for a total value of $27,578.32. Following the completion of the sale, the senior vice president now directly owns 81,389 shares of the company’s stock, valued at approximately $1,378,729.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mark Albert Anderson sold 10,153 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $16.65, for a total transaction of $169,047.45. The disclosure for this sale can be found here. Corporate insiders own 18.90% of the company’s stock.
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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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