Model N (MODN) Stock Forecast, Price & News

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.
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6 equities research analysts have issued 12-month target prices for Model N's shares. Their MODN share price forecasts range from $33.00 to $48.00. On average, they expect the company's stock price to reach $39.30 in the next twelve months. This suggests a possible upside of 61.0% 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 39.8% and is now trading at $24.41.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
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Model N, Inc. (NYSE:MODN) posted its quarterly earnings results on Tuesday, August, 8th. The software maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.16. The software maker had revenue of $63.74 million for the quarter, compared to the consensus estimate of $61.97 million. Model N had a negative net margin of 17.51% and a negative trailing twelve-month return on equity of 1.58%.

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).

Model N issued an update on 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 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.

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."

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 $24.41.

Model N (NYSE:MODN) has a market capitalization of $938.32 million and generates $219.16 million in revenue each year. The software maker earns $-28,640,000.00 in net income (profit) each year or ($1.14) on an earnings per share basis.

The company employs 1,035 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.