Media headlines about Model N (NYSE:MODN) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public 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 0.10 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 46.6001223543897 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
Shares of NYSE:MODN traded down $0.05 during midday trading on Tuesday, hitting $17.90. The stock had a trading volume of 5,226 shares, compared to its average volume of 187,338. The company has a market cap of $549.54 million, a price-to-earnings ratio of -21.57 and a beta of 0.81. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.24. Model N has a 1 year low of $12.40 and a 1 year high of $19.60.
Model N (NYSE:MODN) last issued its earnings results on Tuesday, May 8th. The software maker reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.06. The business had revenue of $39.20 million for the quarter, compared to the consensus estimate of $38.32 million. Model N had a negative net margin of 19.31% and a negative return on equity of 41.62%. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.25) earnings per share. research analysts forecast that Model N will post -0.56 EPS for the current year.
Several brokerages have issued reports on MODN. Zacks Investment Research raised shares of Model N from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Monday, May 14th. ValuEngine raised shares of Model N from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. JPMorgan Chase set a $20.00 price objective 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. 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $20.00.
In related news, CFO David Barter sold 7,249 shares of the business’s stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $17.66, for a total transaction of $128,017.34. Following the sale, the chief financial officer now owns 132,832 shares of the company’s stock, valued at $2,345,813.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Mark Albert Anderson sold 10,153 shares of the business’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. In the last ninety days, insiders sold 19,330 shares of company stock worth $331,113. Insiders own 18.90% of the company’s stock.
Model N Company Profile
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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