Model N (MODN) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Model N in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MODN shares.
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4 brokerages have issued 12-month price objectives for Model N's stock. Their MODN share price forecasts range from $35.00 to $52.00. On average, they expect the company's stock price to reach $43.38 in the next twelve months. This suggests a possible upside of 32.5% from the stock's current price.
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Model N's stock was trading at $40.56 at the beginning of 2023. Since then, MODN shares have decreased by 19.3% and is now trading at $32.73.
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Model N saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 2,940,000 shares, an increase of 18.1% from the April 15th total of 2,490,000 shares. Based on an average daily volume of 340,300 shares, the days-to-cover ratio is currently 8.6 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our MODN earnings forecast.

Model N, Inc. (NYSE:MODN) released its quarterly earnings data on Tuesday, November, 9th. The software maker reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.30. The software maker earned $51.48 million during the quarter, compared to analyst estimates of $50.63 million. Model N had a negative trailing twelve-month return on equity of 6.86% and a negative net margin of 21.90%. During the same quarter in the prior year, the business posted ($0.01) EPS.

ETFs with the largest weight of Model N (NYSE:MODN) stock in their portfolio include Invesco Dynamic Software ETF (PSJ), Fidelity Digital Health ETF (FDHT), Invesco Dynamic Market ETF (PWC), SPDR S&P Software & Services ETF (XSW), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC), Direxion Daily Cloud Computing Bull 2x (CLDL), iShares Expanded Tech-Software Sector ETF (IGV) and Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR).

Model N updated its third quarter earnings guidance on Tuesday, May, 9th. The company provided earnings per share (EPS) guidance of $0.23-0.25 for the period, compared to the consensus estimate of $0.26. The company issued revenue guidance of $61.5-62.5 million, compared to the consensus revenue estimate of $61.65 million.

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.

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).

Model N trades on the New York Stock Exchange (NYSE) under the ticker symbol "MODN."

Model N's stock is owned by many different institutional and retail investors. Top institutional shareholders include Davidson Kempner Capital Management LP (0.00%), Conestoga Capital Advisors LLC (10.05%), BlackRock Inc. (9.58%), Neuberger Berman Group LLC (7.35%), Artisan Partners Limited Partnership (6.75%) and Clearbridge Investments LLC (6.66%). Insiders that own company stock include Alan S Henricks, Christopher Lyon, Dave Michaud, Dave Yarnold, David Barter, Jason Blessing, John Ederer, Kimberly Decarlis, Laura Selig, Manisha Shetty Gulati, Mark Albert Anderson, Melissa B Fisher, Suresh Kannan and Timothy M Adams.
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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.
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One share of MODN stock can currently be purchased for approximately $32.73.

Model N (NYSE:MODN) has a market capitalization of $1.25 billion and generates $219.16 million in revenue each year. The software maker earns $-28,640,000.00 in net income (profit) each year or ($1.38) on an earnings per share basis.

The company employs 982 workers across the globe.

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.