Model N (MODN) Scheduled to Post Earnings on Monday

Model N (NYSE:MODN - Get Free Report) will issue its quarterly earnings data before the market opens on Monday, May 6th. Analysts expect the company to announce earnings of $0.26 per share for the quarter.

Model N (NYSE:MODN - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $62.12 million. On average, analysts expect Model N to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Model N Price Performance

Shares of NYSE MODN traded up $0.07 during midday trading on Friday, reaching $29.81. The company's stock had a trading volume of 727,996 shares, compared to its average volume of 585,911. 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 P/E ratio of -35.42 and a beta of 0.68. The business's 50 day moving average price is $27.40 and its two-hundred day moving average price is $26.03. Model N has a fifty-two week low of $20.90 and a fifty-two week high of $35.96.

Insiders Place Their Bets

In other news, CFO John Ederer sold 8,018 shares of Model N stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $25.31, for a total value of $202,935.58. Following the completion of the transaction, the chief financial officer now directly owns 307,127 shares of the company's stock, valued at approximately $7,773,384.37. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Dave Yarnold sold 5,000 shares of the company's stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $26.88, for a total transaction of $134,400.00. Following the transaction, the director now owns 22,012 shares in the company, valued at $591,682.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Ederer sold 8,018 shares of the firm's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $25.31, for a total value of $202,935.58. Following the completion of the sale, the chief financial officer now owns 307,127 shares of the company's stock, valued at $7,773,384.37. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,616 shares of company stock worth $1,897,243. 2.55% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MODN has been the topic of several recent analyst reports. JMP Securities reissued a "market perform" rating on shares of Model N in a report on Tuesday, April 23rd. Robert W. Baird reissued a "neutral" rating and issued a $30.00 target price on shares of Model N in a report on Monday, April 8th. Craig Hallum reaffirmed a "hold" rating and set a $30.00 target price on shares of Model N in a research note on Tuesday, April 9th. Morgan Stanley reiterated an "equal weight" rating and issued a $30.00 price target (down from $37.00) on shares of Model N in a research note on Wednesday, April 10th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Model N in a report on Monday, April 22nd. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Model N presently has a consensus rating of "Hold" and a consensus target price of $31.80.

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.