JMP Securities Reiterates "Market Perform" Rating for Model N (NYSE:MODN)

Model N (NYSE:MODN - Get Free Report)'s stock had its "market perform" rating reaffirmed by JMP Securities in a research note issued to investors on Tuesday, Benzinga reports.

MODN has been the topic of a number of other research reports. Robert W. Baird restated a "neutral" rating and set a $30.00 price target on shares of Model N in a report on Monday. Royal Bank of Canada restated a "sector perform" rating and issued a $30.00 target price on shares of Model N in a report on Tuesday. Needham & Company LLC reiterated a "hold" rating on shares of Model N in a report on Tuesday. JPMorgan Chase & Co. cut shares of Model N from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $30.00 to $25.00 in a research note on Wednesday, December 13th. Finally, Craig Hallum reiterated a "hold" rating and issued a $30.00 target price on shares of Model N in a report on Tuesday. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $32.50.

Model N Stock Down 0.4 %

MODN stock traded down $0.12 during midday trading on Tuesday, reaching $29.70. The company had a trading volume of 3,404,853 shares, compared to its average volume of 444,304. The company has a 50 day moving average of $26.34 and a two-hundred day moving average of $25.35. The company has a market capitalization of $1.16 billion, a P/E ratio of -35.43 and a beta of 0.70. Model N has a 1 year low of $20.90 and a 1 year 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.

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

Insiders Place Their Bets

In other Model N news, insider Laura Selig sold 2,655 shares of Model N stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $25.32, for a total transaction of $67,224.60. Following the sale, the insider now owns 141,517 shares in the company, valued at $3,583,210.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CRO Christopher Lyon sold 8,124 shares of the business's stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $25.26, for a total value of $205,212.24. Following the sale, the executive now owns 229,721 shares in the company, valued at approximately $5,802,752.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Laura Selig sold 2,655 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $25.32, for a total transaction of $67,224.60. Following the sale, the insider now owns 141,517 shares of the company's stock, valued at approximately $3,583,210.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,616 shares of company stock worth $1,897,243. 2.55% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Model N

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. grew its holdings in shares of Model N by 0.8% during the third quarter. UBS Asset Management Americas Inc. now owns 35,137 shares of the software maker's stock worth $1,203,000 after purchasing an additional 275 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Model N by 0.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 37,018 shares of the software maker's stock worth $947,000 after acquiring an additional 322 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Model N by 6.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,447 shares of the software maker's stock worth $261,000 after acquiring an additional 383 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Model N by 35.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,664 shares of the software maker's stock valued at $57,000 after acquiring an additional 431 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Model N by 2.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 18,884 shares of the software maker's stock worth $509,000 after acquiring an additional 431 shares during the last quarter.

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.