NYSE:MODN

Model N (MODN) Stock Forecast, Price & News

$24.27

-0.14 (-0.57%)

(As of 10/2/2023 ET)

Compare

Today's Range: $23.95
▼
$24.58
50-Day Range: $23.93
▼
$34.14
52-Week Range: $23.92
▼
$43.18

Volume: 318,108 shs
Average Volume: 313,602 shs
Market Capitalization: $932.89 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $39.30

Model N MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 61.9% Upside
$39.30 Price Target
Short Interest: Bearish
7.91% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.79
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: Selling Shares
$748,131 Sold Last Quarter
Proj. Earnings Growth: -25.00%
From $0.08 to $0.06 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.08 out of 5 stars

Computer And Technology Sector

385th out of 612 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

28th out of 56 stocks

4.3

Analyst's Opinion

Consensus Rating
Model N has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $39.30, Model N has a forecasted upside of 61.9% from its current price of $24.27.
Amount of Analyst Coverage
Model N has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
7.91% of the outstanding shares of Model N have been sold short.
Short Interest Ratio / Days to Cover
Model N has a short interest ratio ("days to cover") of 11.2, which indicates bearish sentiment.
Change versus previous month
Short interest in Model N has recently decreased by 0.65%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Model N does not currently pay a dividend.
Dividend Growth
Model N does not have a long track record of dividend growth.

3.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Model N has received a 35.71% net impact score from Upright. Model N seems to create the most significant positive value in categories "Taxes", "Jobs", and "Creating knowledge". The positive contribution in the "Creating knowledge" impact category is mostly driven by its "Procurement data analysis and optimisation software", "Manufacturing management software", and "Real time information software" products. See details.
Environmental Sustainability
The Environmental Impact score for Model N is -0.79.

2.6

News and Social Media Coverage

News Sentiment
Model N has a news sentiment score of 0.76. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.
Search Interest
Only 4 people have searched for MODN on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
4 people have added Model N to their MarketBeat watchlist in the last 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Model N insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $748,131.00 in company stock.
Percentage Held by Insiders
Only 2.30% of the stock of Model N is held by insiders.

0.0

Earnings and Valuation

Earnings Growth
Earnings for Model N are expected to decrease by -25.00% in the coming year, from $0.08 to $0.06 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Model N is -21.29, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Model N is -21.29, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Model N has a P/B Ratio of 6.69. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Model N (NYSE:MODN) Stock

Model N, Inc. provides cloud revenue management solutions for life sciences and high-tech companies. 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. It also provides Deal Management, which increases deal conversion and pricing consistency; Deal Intelligence that controls price concessions and determines ideal prices; Channel Management, which provides manufacturers a view of inventory, as well as evaluate price protection and stock rotation, and matching available inventory to quotes; Market Development Fund Management that allows companies to streamline their MDF process and reduce revenue leakage; Rebates Management, which centralizes control of rebate programs; and Channel Data Management that automates the process of collection, cleansing, validation, and standardization of channel partner data, such as POS, inventory, and claims, as well as Payment Management. In addition, the company offers implementation, application, business, strategic, and customer support services. It primarily serves large and mid-sized organizations worldwide through its direct sales force. The company was incorporated in 1999 and is headquartered in San Mateo, California.

MODN Price History

30 days | 90 days | 365 days | Advanced Chart

MODN Stock News Headlines

September 24, 2023 | americanbankingnews.com

Model N, Inc. (NYSE:MODN) Receives Average Recommendation of "Moderate Buy" from Analysts

September 18, 2023 | finance.yahoo.com

Down -7.27% in 4 Weeks, Here's Why Model N (MODN) Looks Ripe for a Turnaround

October 2, 2023 | Chaikin Analytics (Ad)

This is the #1 Stock to Buy for the AI Tidal Wave

Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.

September 7, 2023 | finance.yahoo.com

Model N (MODN) Down 1% Since Last Earnings Report: Can It Rebound?

September 7, 2023 | finance.yahoo.com

GitLab (GTLB) Posts Loss in Q2, Beats Revenue Estimates

September 6, 2023 | msn.com

JMP Securities Reiterates Model N (MODN) Market Outperform Recommendation

September 5, 2023 | markets.businessinsider.com

Where Model N Stands With Analysts

September 1, 2023 | finance.yahoo.com

After Plunging -16.67% in 4 Weeks, Here's Why the Trend Might Reverse for Model N (MODN)

October 2, 2023 | Chaikin Analytics (Ad)

This is the #1 Stock to Buy for the AI Tidal Wave

Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.

August 29, 2023 | finance.yahoo.com

Down -17.83% in 4 Weeks, Here's Why Model N (MODN) Looks Ripe for a Turnaround

August 25, 2023 | finance.yahoo.com

Model N (MODN) Loses -18.52% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

August 22, 2023 | seekingalpha.com

Model N: Where Do We Go From Here? (Ratings Downgrade)

August 18, 2023 | finance.yahoo.com

Model N (MODN) Upgraded to Strong Buy: Here's Why

August 11, 2023 | finance.yahoo.com

Down -19.41% in 4 Weeks, Here's Why Model N (MODN) Looks Ripe for a Turnaround

August 9, 2023 | msn.com

Morgan Stanley Maintains Model N (MODN) Overweight Recommendation

August 9, 2023 | msn.com

Model N sinks as Baird says 'several moving pieces' in weak 2024 outlook

August 9, 2023 | msn.com

Needham Maintains Model N (MODN) Buy Recommendation

August 9, 2023 | markets.businessinsider.com

9 Analysts Have This to Say About Model N

August 9, 2023 | finance.yahoo.com

Model N (MODN) Q3 Earnings Beat Estimates on Higher Revenues

August 9, 2023 | markets.businessinsider.com

JMP Securities Sticks to Their Buy Rating for Model N (MODN)

August 8, 2023 | finance.yahoo.com

Model N (MODN) Beats Q3 Earnings and Revenue Estimates

August 8, 2023 | finance.yahoo.com

Model N (MODN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

August 8, 2023 | seekingalpha.com

Model N, Inc. 2023 Q3 - Results - Earnings Call Presentation

August 8, 2023 | finance.yahoo.com

Model N Announces Third Quarter Fiscal Year 2023 Financial Results

August 8, 2023 | finance.yahoo.com

Model N Board of Directors Named a Finalist in NACD DE&I Awards

August 7, 2023 | finance.yahoo.com

Model N Earns Recognition for Company Culture, Named by Fortune as a Best Place to Work for Millennial Employees

July 24, 2023 | markets.businessinsider.com

Model N (MODN) Receives a Buy from Morgan Stanley

See More Headlines

Receive MODN Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Model N and its competitors with MarketBeat's FREE daily newsletter.

MODN Company Calendar

Last Earnings: 8/08/2023
Today: 10/02/2023
Next Earnings (Estimated): 11/14/2023
Fiscal Year End: 9/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Computer programming, data processing, & other computer related
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:MODN
CUSIP: N/A
CIK: 1118417
Web: www.modeln.com
Phone: (650) 610-4600
Fax: 650-610-4699
Employees: 1,035
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $39.30
High Stock Price Forecast: $48.00
Low Stock Price Forecast: $33.00
Forecasted Upside/Downside: +61.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.14)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 303.38
P/E Growth: N/A
Net Income: $-28,640,000.00
Net Margins: -17.51%
Pretax Margin: -16.60%
Return on Equity: -1.58%
Return on Assets: -0.40%

Debt

Debt-to-Equity Ratio: 2.70
Current Ratio: 4.13
Quick Ratio: 4.13

Sales & Book Value

Annual Sales: $243.66 million
Price / Sales: 3.83
Cash Flow: $0.40 per share
Price / Cash Flow: 60.42
Book Value: $3.63 per share
Price / Book: 6.69

Miscellaneous

Outstanding Shares: 38,438,000
Free Float: 37,554,000
Market Cap: $932.89 million
Optionable: Optionable
Beta: 0.74

A Guide To High-Short-Interest Stocks

MarketBeat's analysts have just released their top five short plays for October 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

Get This Free Report

Key Executives

Mr. Jason Blessing (Age 51)
Pres, CEO & Director
Comp: $1.28M

Mr. John Ederer (Age 53)
Chief Financial Officer
Comp: $712.89k

Mr. Mark Anderson (Age 62)
Chief Services Officer
Comp: $638.55k

Mr. Chris Lyon (Age 52)
Sr. VP & Chief Revenue Officer
Comp: $919.62k

Mr. Suresh Kannan (Age 52)
Sr. VP & Chief Product Officer
Comp: $711.05k

Gwyn Lauber
Director of Investor Relations

Mr. Errol Hunter
Sr. VP & Gen. Counsel

Mr. Rehmann Rayani (Age 42)
Chief Strategy & Marketing Officer

Ms. Laura Selig (Age 51)
Sr. VP & Chief People Officer

Jesse Mendelsohn
Sr. VP of Center of Excellence

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MODN Stock - Frequently Asked Questions

Should I buy or sell Model N stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Model N in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MODN shares.
View MODN analyst ratings or view top-rated stocks.
What is Model N's stock price forecast for 2023?: 6 Wall Street analysts have issued 12 month price targets for Model N's shares. Their MODN share price forecasts range from $33.00 to $48.00. On average, they anticipate the company's stock price to reach $39.30 in the next year. This suggests a possible upside of 61.9% from the stock's current price.
View analysts price targets for MODN or view top-rated stocks among Wall Street analysts.
How have MODN shares performed in 2023?: Model N's stock was trading at $40.56 at the beginning of 2023. Since then, MODN shares have decreased by 40.2% and is now trading at $24.27.
View the best growth stocks for 2023 here.
When is Model N's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our MODN earnings forecast.
How were Model N's earnings last quarter?: Model N, Inc. (NYSE:MODN) posted its quarterly earnings results on Tuesday, August, 8th. The software maker reported $0.13 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.16. The software maker had revenue of $63.74 million for the quarter, compared to analyst estimates of $61.97 million. Model N had a negative trailing twelve-month return on equity of 1.58% and a negative net margin of 17.51%.
What ETFs hold Model N's stock?: ETFs with the largest weight of Model N (NYSE:MODN) stock in their portfolio include Direxion Daily Cloud Computing Bull 2x (CLDL).Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR).
What guidance has Model N issued on next quarter's earnings?: Model N updated its fourth quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of $0.28-$0.31 for the period, compared to the consensus EPS estimate of $0.27. The company issued revenue guidance of $61.60 million-$62.60 million, compared to the consensus revenue estimate of $61.57 million.

What is Jason Blessing's approval rating as Model N's CEO?: 15 employees have rated Model N Chief Executive Officer Jason Blessing on Glassdoor.com. Jason Blessing has an approval rating of 76% among the company's employees.
What other stocks do shareholders of Model N own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Model N investors own include NVIDIA (NVDA), JD.com (JD), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Inseego (INSG), Alibaba Group (BABA), Marvell Technology (MRVL), AbbVie (ABBV), Baidu (BIDU) and Block (SQ).
What is Model N's stock symbol?: Model N trades on the New York Stock Exchange (NYSE) under the ticker symbol "MODN."
How do I buy shares of Model N?: Shares of MODN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Model N's stock price today?: One share of MODN stock can currently be purchased for approximately $24.27.
How much money does Model N make?: Model N (NYSE:MODN) has a market capitalization of $932.89 million and generates $243.66 million in revenue each year. The software maker earns $-28,640,000.00 in net income (profit) each year or ($1.14) on an earnings per share basis.
How many employees does Model N have?: The company employs 1,035 workers across the globe.
How can I contact Model N?: Model N's mailing address is 777 MARINERS ISLAND BOULEVARD SUITE 300, SAN MATEO CA, 94404. The official website for the company is www.modeln.com. The software maker can be reached via phone at (650) 610-4600, via email at investorrelations@modeln.com, or via fax at 650-610-4699.

This page (NYSE:MODN) was last updated on 10/2/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

Model N (MODN) Stock Forecast, Price & News

Model N MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Model N (NYSE:MODN) Stock

MODN Price History

MODN Stock News Headlines

MODN Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

MODN Stock - Frequently Asked Questions

Overall MarketRank^™