Model N (NYSE:MODN) Given Market Perform Rating at JMP Securities

JMP Securities restated their market perform rating on shares of Model N (NYSE:MODN) in a report issued on Tuesday, Benzinga reports.

A number of other equities research analysts have also recently issued reports on MODN. Royal Bank of Canada reissued a sector perform rating and set a $30.00 target price on shares of Model N in a report on Tuesday, April 9th. Morgan Stanley reissued an equal weight rating and set a $30.00 target price (down previously from $37.00) on shares of Model N in a report on Wednesday, April 10th. Robert W. Baird reissued a neutral rating and set a $30.00 target price on shares of Model N in a report on Monday, April 8th. Craig Hallum restated a hold rating and set a $30.00 price target on shares of Model N in a research report on Tuesday, April 9th. Finally, StockNews.com began coverage on shares of Model N in a research report on Thursday, April 18th. They set a hold rating for the company. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Model N currently has an average rating of Hold and an average price target of $31.80.

Model N Trading Up 0.1 %

NYSE:MODN opened at $29.65 on Tuesday. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $1.16 billion, a PE ratio of -35.30 and a beta of 0.70. The firm’s 50 day moving average is $27.04 and its 200 day moving average is $25.87. Model N has a 12 month low of $20.90 and a 12 month high of $35.96.

Model N (NYSE:MODN) last issued its earnings results on Tuesday, February 6th. The software maker reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Model N had a negative net margin of 12.48% and a positive return on equity of 5.79%. The business had revenue of $63.49 million for the quarter, compared to the consensus estimate of $62.12 million. Sell-side analysts expect that Model N will post 0.2 earnings per share for the current year.

Insider Activity at Model N

In related news, Director Dave Yarnold sold 5,000 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $26.88, for a total value of $134,400.00. Following the transaction, the director now owns 22,012 shares of the company’s stock, valued at $591,682.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Dave Yarnold sold 5,000 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $26.88, for a total value of $134,400.00. Following the transaction, the director now owns 22,012 shares of the company’s stock, valued at $591,682.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CRO Christopher Lyon sold 7,862 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 $207,399.56. Following the completion of the transaction, the executive now directly owns 237,845 shares in the company, valued at approximately $6,274,351.10. The disclosure for this sale can be found here. Insiders have sold a total of 72,616 shares of company stock valued at $1,897,243 over the last 90 days. 2.55% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. C M Bidwell & Associates Ltd. bought a new position in shares of Model N during the third quarter valued at about $34,000. International Assets Investment Management LLC grew its stake in shares of Model N by 1,594.0% during the fourth quarter. International Assets Investment Management LLC now owns 2,558 shares of the software maker’s stock valued at $69,000 after buying an additional 2,407 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Model N during the fourth quarter valued at about $115,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Model N by 27.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,054 shares of the software maker’s stock valued at $197,000 after buying an additional 1,743 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Model N by 14.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,235 shares of the software maker’s stock valued at $249,000 after buying an additional 1,181 shares during the last quarter.

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.