Model N (NYSE:MODN)‘s stock had its “hold” rating reaffirmed by research analysts at Raymond James Financial in a report released on Monday.

A number of other equities research analysts have also weighed in on MODN. Zacks Investment Research upgraded shares of Model N from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Monday, August 14th. BidaskClub upgraded shares of Model N from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Finally, ValuEngine upgraded shares of Model N from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $14.75.

Model N (MODN) opened at $15.80 on Monday. Model N has a 52 week low of $7.90 and a 52 week high of $16.75. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.27.

Model N (NYSE:MODN) last announced its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. Model N had a negative net margin of 30.15% and a negative return on equity of 55.26%. The company had revenue of $35.61 million during the quarter, compared to analyst estimates of $34.86 million. During the same quarter last year, the business posted ($0.28) EPS. The firm’s revenue for the quarter was up 24.9% on a year-over-year basis. analysts expect that Model N will post -0.64 earnings per share for the current fiscal year.

In related news, Director Alan S. Henricks sold 13,475 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $14.50, for a total transaction of $195,387.50. Following the completion of the transaction, the director now owns 40,134 shares in the company, valued at approximately $581,943. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO David Barter sold 3,596 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $14.65, for a total transaction of $52,681.40. Following the transaction, the chief financial officer now owns 111,676 shares of the company’s stock, valued at approximately $1,636,053.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,801 shares of company stock valued at $317,080. Company insiders own 20.40% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. bought a new position in shares of Model N during the 2nd quarter worth approximately $141,000. Trexquant Investment LP bought a new position in shares of Model N during the 3rd quarter worth approximately $154,000. Metropolitan Life Insurance Co. NY bought a new position in shares of Model N during the 1st quarter worth approximately $175,000. Voya Investment Management LLC raised its stake in shares of Model N by 14.7% during the 2nd quarter. Voya Investment Management LLC now owns 14,963 shares of the software maker’s stock worth $199,000 after acquiring an additional 1,915 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in shares of Model N during the 2nd quarter worth approximately $221,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

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Model N Company Profile

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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