NYSE:MODN - Model N Stock Price, Forecast & News

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

Model N Inc (NYSE:MODN) posted its quarterly earnings data on Tuesday, November, 5th. The software maker reported $0.12 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.03) by $0.15. The software maker had revenue of $36.60 million for the quarter, compared to analysts' expectations of $35.72 million. Model N had a negative net margin of 13.66% and a negative return on equity of 29.48%. The business's quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the company posted $0.06 EPS. View Model N's Earnings History.

Model N is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for Model N.

Model N issued an update on its FY20 earnings guidance on Tuesday, November, 5th. The company provided earnings per share (EPS) guidance of $0.22-$0.31 for the period, compared to the Thomson Reuters consensus estimate of $0.28. The company issued revenue guidance of $152-$155 million, compared to the consensus revenue estimate of $152.73 million.

6 brokerages have issued 12-month price targets for Model N's shares. Their forecasts range from $23.00 to $34.00. On average, they anticipate Model N's stock price to reach $27.67 in the next twelve months. This suggests that the stock has a possible downside of 9.6%. View Analyst Price Targets for Model N.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Model N in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Model N.

Headlines about MODN stock have trended extremely negative recently, InfoTrie Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Model N earned a news impact score of -4.0 on InfoTrie's scale. They also assigned news stories about the software maker a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Model N.

Model N saw a decrease in short interest during the month of October. As of October 31st, there was short interest totalling 652,100 shares, a decrease of 14.3% from the September 30th total of 761,300 shares. Based on an average trading volume of 367,600 shares, the days-to-cover ratio is currently 1.8 days. Approximately 2.7% of the company's shares are sold short. View Model N's Current Options Chain.

Some companies that are related to Model N include Switch (SWCH), Medallia (MDLA), Livongo Health (LVGO), SVMK (SVMK), DouYu International (DOYU), Pluralsight (PS), Eventbrite (EB), Health Catalyst (HCAT), Cardlytics (CDLX), Internet Initiative Japan (IIJIY), HealthStream (HSTM), 21Vianet Group (VNET), Qutoutiao (QTT), TrueCar (TRUE) and The Rubicon Project (RUBI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Model N investors own include MassRoots (MSRT), GTT Communications (GTT), 3D Systems (DDD), Ford Motor (F), FireEye (FEYE), Iridium Communications (IRDM), NVIDIA (NVDA), Care.com (CRCM), Akorn (AKRX) and Advanced Micro Devices (AMD).

Model N's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include State Street Corp (2.20%), Emerald Advisers LLC (1.88%), Millennium Management LLC (0.95%), Schwab Charitable Fund (0.85%), Essex Investment Management Co. LLC (0.44%) and Castleark Management LLC (0.43%). Company insiders that own Model N stock include Alan S Henricks, David Barter, Jason Blessing, Laura Selig, Mark Albert Anderson, Neeraj Gokhale and Zack Rinat. View Institutional Ownership Trends for Model N.

MODN stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Cadence Capital Management LLC, Rice Hall James & Associates LLC, Emerald Advisers LLC, Schwab Charitable Fund, Boston Partners, Essex Investment Management Co. LLC and Tower Research Capital LLC TRC. Company insiders that have sold Model N company stock in the last year include Alan S Henricks, David Barter, Jason Blessing, Laura Selig, Mark Albert Anderson and Neeraj Gokhale. View Insider Buying and Selling for Model N.

MODN stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, Castleark Management LLC, Russell Investments Group Ltd., SG Americas Securities LLC, State Street Corp, Stifel Financial Corp, Squarepoint Ops LLC and Synovus Financial Corp. View Insider Buying and Selling for Model N.

Shares of MODN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of MODN stock can currently be purchased for approximately $30.60.

Model N has a market capitalization of $1.01 billion and generates $141.24 million in revenue each year. The software maker earns $-19,290,000.00 in net income (profit) each year or ($0.43) on an earnings per share basis. Model N employs 782 workers across the globe.View Additional Information About Model N.

The official website for Model N is http://www.modeln.com/.

Model N's mailing address is 777 MARINERS ISLAND BOULEVARD SUITE 300, SAN MATEO CA, 94404. The software maker can be reached via phone at 650-610-4600.