Brokerages Set Model N, Inc. (NYSE:MODN) Price Target at $31.80

Model N, Inc. (NYSE:MODN - Get Free Report) has been given an average rating of "Hold" by the ten research firms that are covering the firm, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $31.80.

A number of equities research analysts have recently commented on MODN shares. Craig Hallum reissued a "hold" rating and issued a $30.00 target price on shares of Model N in a research note on Tuesday. Robert W. Baird reissued a "neutral" rating and issued a $30.00 target price on shares of Model N in a research note on Monday. JPMorgan Chase & Co. cut Model N from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $30.00 to $25.00 in a research report on Wednesday, December 13th. Needham & Company LLC reaffirmed a "hold" rating on shares of Model N in a research report on Tuesday. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $30.00 price objective on shares of Model N in a research report on Tuesday.

Insiders Place Their Bets

In other news, CRO Christopher Lyon sold 8,124 shares of Model N stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $25.26, for a total transaction 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 can be accessed through this link. In other news, Director Dave Yarnold sold 5,000 shares of Model N stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $26.88, for a total transaction of $134,400.00. Following the transaction, the director now directly owns 22,012 shares of the company's stock, valued at approximately $591,682.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Christopher Lyon sold 8,124 shares of Model N stock in a transaction dated Thursday, March 14th. The shares were 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 in the company, valued at $5,802,752.46. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,616 shares of company stock valued at $1,897,243. Insiders own 2.55% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MODN. Raymond James & Associates lifted its holdings in Model N by 28.2% in the 1st quarter. Raymond James & Associates now owns 30,345 shares of the software maker's stock worth $816,000 after purchasing an additional 6,676 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Model N by 1.7% in the 1st quarter. Bank of New York Mellon Corp now owns 138,478 shares of the software maker's stock worth $3,725,000 after acquiring an additional 2,363 shares during the last quarter. US Bancorp DE increased its stake in Model N by 46.6% in the 1st quarter. US Bancorp DE now owns 19,375 shares of the software maker's stock worth $521,000 after acquiring an additional 6,156 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Model N by 13.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,080 shares of the software maker's stock worth $136,000 after acquiring an additional 588 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in Model N by 61.2% in the 1st quarter. MetLife Investment Management LLC now owns 18,585 shares of the software maker's stock worth $500,000 after acquiring an additional 7,054 shares during the last quarter.

Model N Trading Up 0.6 %

Shares of Model N stock traded up $0.17 during midday trading on Thursday, reaching $29.83. 961,947 shares of the company's stock traded hands, compared to its average volume of 505,969. The company has a debt-to-equity ratio of 2.26, a quick ratio of 4.00 and a current ratio of 4.00. The company has a market cap of $1.16 billion, a PE ratio of -35.51 and a beta of 0.70. The stock has a 50 day moving average of $26.49 and a 200-day moving average of $25.44. Model N has a 12 month low of $20.90 and a 12 month high of $35.96.

Model N (NYSE:MODN - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $63.49 million during the quarter, compared to analysts' expectations of $62.12 million. Model N had a positive return on equity of 5.79% and a negative net margin of 12.48%. As a group, equities analysts expect that Model N will post 0.2 EPS for the current fiscal year.

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.