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

Model N (NYSE:MODN - Get Free Report)'s stock had its "market perform" rating reiterated by investment analysts at JMP Securities in a report released on Monday, Benzinga reports.

A number of other equities research analysts also recently weighed in on the company. Royal Bank of Canada reiterated a "sector perform" rating and issued a $30.00 price target on shares of Model N in a report on Tuesday, April 9th. StockNews.com initiated coverage on Model N in a report on Saturday. They issued a "hold" rating for the company. Robert W. Baird reiterated a "neutral" rating and issued a $30.00 price target on shares of Model N in a report on Monday, April 8th. Needham & Company LLC reiterated a "hold" rating on shares of Model N in a report on Monday, April 22nd. Finally, Craig Hallum reiterated a "hold" rating and issued a $30.00 price target on shares of Model N in a report on Tuesday, April 9th. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $31.80.

Model N Stock Down 0.4 %

Shares of NYSE:MODN traded down $0.12 during mid-day trading on Monday, hitting $29.69. 1,080,846 shares of the company traded hands, compared to its average volume of 591,599. The firm has a market cap of $1.16 billion, a P/E ratio of -35.35 and a beta of 0.68. The company has a debt-to-equity ratio of 2.26, a quick ratio of 4.00 and a current ratio of 4.00. Model N has a 52-week low of $20.90 and a 52-week high of $35.96. The firm's 50 day simple moving average is $27.58 and its 200 day simple moving average is $26.16.

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

Insider Activity at Model N

In other Model N 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 completion of the transaction, the insider now owns 143,866 shares in the company, valued at approximately $3,795,185.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Model N 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 completion of the transaction, the insider now owns 143,866 shares in the company, valued at approximately $3,795,185.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John Ederer sold 8,018 shares of the business's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $25.31, for a total value of $202,935.58. Following the transaction, the chief financial officer now owns 307,127 shares of the company's stock, valued at approximately $7,773,384.37. The disclosure for this sale can be found here. Insiders sold 72,616 shares of company stock worth $1,897,243 in the last 90 days. 2.55% of the stock is currently owned by company insiders.

Institutional Trading of Model N

Several institutional investors have recently modified their holdings of MODN. Conestoga Capital Advisors LLC raised its position in shares of Model N by 0.8% during the first quarter. Conestoga Capital Advisors LLC now owns 3,855,355 shares of the software maker's stock worth $109,762,000 after purchasing an additional 30,461 shares during the period. Artisan Partners Limited Partnership raised its position in Model N by 14.6% during the third 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. Clearbridge Investments LLC raised its position in Model N by 8.2% during the fourth quarter. Clearbridge Investments LLC now owns 2,718,760 shares of the software maker's stock valued at $73,216,000 after buying an additional 206,292 shares during the period. Vanguard Group Inc. raised its position in Model N by 5.1% during the third quarter. Vanguard Group Inc. now owns 2,644,961 shares of the software maker's stock valued at $64,563,000 after buying an additional 128,461 shares during the period. Finally, Ranger Investment Management L.P. raised its position in Model N by 8.2% during the fourth quarter. Ranger Investment Management L.P. now owns 937,846 shares of the software maker's stock valued at $25,256,000 after buying an additional 70,868 shares during the period.

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.