NYSE:MODNModel N Stock Price, Forecast & News

Model N's stock was trading at $23.28 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MODN stock has increased by 57.0% and is now trading at $36.56. View which stocks have been most impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Model N in the last year. There are currently 1 hold rating and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Model N.

Model N is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Model N.

Model N will be holding an earnings conference call on Tuesday, August 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Model N Inc (NYSE:MODN) issued its quarterly earnings data on Tuesday, May, 5th. The software maker reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.05. The software maker earned $39.90 million during the quarter, compared to the consensus estimate of $38.41 million. Model N had a negative net margin of 10.88% and a negative return on equity of 19.69%. The company's revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 earnings per share. View Model N's earnings history.

Model N updated its FY20 earnings guidance on Tuesday, May, 5th. The company provided earnings per share (EPS) guidance of $0.28-0.31 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.28. The company issued revenue guidance of $154-156 million, compared to the consensus revenue estimate of $153.24 million.

8 brokerages have issued twelve-month price targets for Model N's stock. Their forecasts range from $29.00 to $37.00. On average, they expect Model N's share price to reach $33.29 in the next twelve months. This suggests that the stock has a possible downside of 9.0%. View analysts' price targets for Model N.

News articles about MODN stock have been trending somewhat positive on Wednesday, InfoTrie Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Model N earned a coverage optimism score of 1.0 on InfoTrie's scale. They also assigned news stories about the software maker a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next few days. View the latest news about Model N.

Model N saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 2,400,000 shares, an increase of 267.3% from the May 31st total of 653,500 shares. Based on an average daily volume of 508,300 shares, the days-to-cover ratio is currently 4.7 days. Currently, 8.9% of the company's stock are sold short. View Model N's Current Options Chain.

Some companies that are related to Model N include Switch (SWCH), DouYu International (DOYU), Medallia (MDLA), SVMK (SVMK), 21Vianet Group (VNET), Pluralsight (PS), Tripadvisor (TRIP), Sabre (SABR), Cardlytics (CDLX), Internet Initiative Japan (IIJIY), Health Catalyst (HCAT), Qutoutiao (QTT), Eventbrite (EB), HealthStream (HSTM) and Phoenix Tree (LIZI). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Model N investors own include NVIDIA (NVDA), JD.Com (JD), Alibaba Group (BABA), Baidu (BIDU), Baozun (BZUN), Marvell Technology Group (MRVL), Perficient (PRFT), Editas Medicine (EDIT), R1 RCM (RCM) and RingCentral (RNG).

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 investors include Envestnet Asset Management Inc. (0.03%). Company insiders that own Model N stock include Alan S Henricks, Christopher Lyon, David Barter, Jason Blessing, Laura Selig, Mark Albert Anderson, Melissa B Fisher, Neeraj Gokhale and Suresh Kannan. View institutional ownership trends for Model N.

MODN stock was acquired by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. View insider buying and selling activity 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 $36.56.

Model N has a market capitalization of $1.25 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.

The official website for Model N is 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.