Model N (NYSE:MODN) Announces Earnings Results

Model N (NYSE:MODN) posted its earnings results on Monday. The software maker reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02), Briefing.com reports. The firm had revenue of $65.10 million during the quarter, compared to the consensus estimate of $64.45 million. Model N had a positive return on equity of 5.79% and a negative net margin of 12.48%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.05) EPS.

Model N Stock Performance

Shares of MODN stock opened at $29.77 on Wednesday. The firm’s 50 day moving average is $27.67 and its 200 day moving average is $26.20. The stock has a market capitalization of $1.16 billion, a P/E ratio of -35.44 and a beta of 0.68. Model N has a 12 month low of $20.90 and a 12 month high of $35.96. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 2.26.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MODN. Morgan Stanley reaffirmed an “equal weight” rating and issued a $30.00 price objective (down from $37.00) on shares of Model N in a research report on Wednesday, April 10th. StockNews.com began coverage on Model N in a research report on Saturday. They set a “hold” rating for the company. Robert W. Baird reissued a “neutral” rating and issued a $30.00 price objective on shares of Model N in a research report on Monday, April 8th. JMP Securities reaffirmed a “market perform” rating on shares of Model N in a research report on Monday. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Model N in a research note on Tuesday. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Model N presently has a consensus rating of “Hold” and an average target price of $31.80.

Insider Activity at Model N

In related news, insider Laura Selig sold 4,770 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $26.38, for a total transaction of $125,832.60. Following the sale, the insider now directly owns 143,866 shares in the company, valued at approximately $3,795,185.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Laura Selig sold 4,770 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $26.38, for a total value of $125,832.60. Following the completion of the transaction, the insider now directly owns 143,866 shares in the company, valued at $3,795,185.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dave Yarnold sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $26.88, for a total transaction of $134,400.00. Following the sale, the director now directly owns 22,012 shares in the company, valued at approximately $591,682.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,616 shares of company stock worth $1,897,243. Corporate insiders own 2.55% of the company’s stock.

Model N Company Profile

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.