Model N, Inc. Expected to Post Q3 2024 Earnings of $0.12 Per Share (NYSE:MODN)

Model N, Inc. (NYSE:MODN - Free Report) - Zacks Research lowered their Q3 2024 earnings per share estimates for Model N in a research report issued on Tuesday, April 9th. Zacks Research analyst R. Department now forecasts that the software maker will post earnings per share of $0.12 for the quarter, down from their prior estimate of $0.13. The consensus estimate for Model N's current full-year earnings is $0.20 per share. Zacks Research also issued estimates for Model N's Q4 2024 earnings at $0.13 EPS, Q3 2025 earnings at $0.13 EPS, Q4 2025 earnings at $0.16 EPS and FY2026 earnings at $0.44 EPS.

MODN has been the topic of a number of other reports. Royal Bank of Canada reiterated a "sector perform" rating and set a $30.00 price target on shares of Model N in a report on Tuesday. Needham & Company LLC restated a "hold" rating on shares of Model N in a research note on Tuesday. JMP Securities restated a "market perform" rating on shares of Model N in a research note on Tuesday. JPMorgan Chase & Co. cut Model N from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $30.00 to $25.00 in a research report on Wednesday, December 13th. Finally, Morgan Stanley restated an "equal weight" rating and set a $30.00 target price (down from $37.00) on shares of Model N in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Model N currently has a consensus rating of "Hold" and an average price target of $31.80.

Model N Stock Up 0.6 %

Shares of MODN stock traded up $0.17 during trading hours on Thursday, reaching $29.83. The company had a trading volume of 961,947 shares, compared to its average volume of 505,969. Model N has a 12 month low of $20.90 and a 12 month high of $35.96. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.00 and a quick ratio of 4.00. The business has a fifty day simple moving average of $26.49 and a 200-day simple moving average of $25.44. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -35.51 and a beta of 0.70.

Model N (NYSE:MODN - Get Free Report) last posted its earnings results on Tuesday, February 6th. The software maker reported $0.01 earnings per share 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 company had revenue of $63.49 million during the quarter, compared to the consensus estimate of $62.12 million.

Insider Buying and Selling at Model N

In other Model N news, CRO Christopher Lyon sold 8,124 shares of the company's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $25.26, for a total transaction of $205,212.24. Following the completion of the sale, the executive now owns 229,721 shares in the company, valued at $5,802,752.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CRO Christopher Lyon sold 8,124 shares of the company's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $25.26, for a total value of $205,212.24. Following the transaction, the executive now directly owns 229,721 shares of the company's stock, valued at approximately $5,802,752.46. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Dave Yarnold sold 5,000 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $26.88, for a total value of $134,400.00. Following the sale, the director now directly owns 22,012 shares in the company, valued at $591,682.56. The disclosure for this sale can be found here. Insiders sold 72,616 shares of company stock worth $1,897,243 over the last 90 days. Company insiders own 2.55% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fred Alger Management LLC acquired a new stake in Model N in the 4th quarter valued at approximately $31,799,000. Millennium Management LLC boosted its position in Model N by 1,414.7% in the 4th quarter. Millennium Management LLC now owns 702,471 shares of the software maker's stock valued at $28,492,000 after buying an additional 656,093 shares during the period. Conestoga Capital Advisors LLC boosted its position in Model N by 15.3% in the 4th quarter. Conestoga Capital Advisors LLC now owns 3,824,894 shares of the software maker's stock valued at $103,004,000 after buying an additional 507,090 shares during the period. Artisan Partners Limited Partnership boosted its position in Model N by 14.6% in the 3rd quarter. Artisan Partners Limited Partnership now owns 3,310,207 shares of the software maker's stock valued at $80,802,000 after buying an additional 421,952 shares during the period. Finally, BlackRock Inc. boosted its position in Model N by 13.2% in the 3rd quarter. BlackRock Inc. now owns 2,949,847 shares of the software maker's stock valued at $100,973,000 after buying an additional 343,775 shares during the period.

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.