Model N - MODN Stock Forecast, Price & News

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 timely, as well as at correct rates for government medicaid programs. 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. In addition, the company offers implementation, managed, 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.

Model N Stock Down 0.7 %

Model N stock traded down $0.18 during trading on Monday, reaching $26.62. The company had a trading volume of 449 shares, compared to its average volume of 147,172. The firm's 50-day simple moving average is $25.03 and its 200 day simple moving average is $25.24. Model N has a 1-year low of $20.95 and a 1-year high of $39.99. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.68 and a quick ratio of 2.68.

Model N (NYSE:MODN - Get Rating) last released its quarterly earnings results on Tuesday, May 10th. The software maker reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.13) by $0.04. Model N had a negative net margin of 13.60% and a negative return on equity of 7.58%. The firm had revenue of $53.30 million for the quarter, compared to analysts' expectations of $51.23 million. During the same quarter last year, the company earned ($0.17) EPS. The firm's revenue for the quarter was up 10.6% compared to the same quarter last year. Sell-side analysts forecast that Model N will post -0.3 EPS for the current year.

Analyst Upgrades and Downgrades

MODN has been the subject of several recent analyst reports. StockNews.com raised shares of Model N from a "hold" rating to a "buy" rating in a report on Monday, May 16th. BTIG Research cut their price objective on shares of Model N from $48.00 to $38.00 in a research report on Wednesday, May 11th. Finally, Craig Hallum dropped their target price on shares of Model N from $39.00 to $29.00 in a report on Wednesday, May 11th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Model N has a consensus rating of "Buy" and an average price target of $36.80.

Insider Buying and Selling at Model N

In other Model N news, CEO Jason Blessing sold 12,365 shares of the firm's stock in a transaction on Monday, May 16th. The stock was sold at an average price of $23.61, for a total value of $291,937.65. Following the transaction, the chief executive officer now owns 576,168 shares in the company, valued at approximately $13,603,326.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Jason Blessing sold 12,365 shares of Model N stock in a transaction on Monday, May 16th. The stock was sold at an average price of $23.61, for a total transaction of $291,937.65. Following the transaction, the chief executive officer now owns 576,168 shares in the company, valued at approximately $13,603,326.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark Albert Anderson sold 5,962 shares of Model N stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $22.76, for a total value of $135,695.12. Following the transaction, the insider now owns 183,745 shares in the company, valued at approximately $4,182,036.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,128 shares of company stock worth $717,582. Corporate insiders own 2.00% of the company's stock.