Model N - MODN Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Model N in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MODN shares.
View MODN analyst ratings or view top-rated stocks.

2 Wall Street analysts have issued 12 month price objectives for Model N's shares. Their MODN share price forecasts range from $42.00 to $52.00. On average, they expect the company's share price to reach $46.50 in the next twelve months. This suggests a possible upside of 36.1% from the stock's current price.
View analysts price targets for MODN or view top-rated stocks among Wall Street analysts.

Model N's stock was trading at $40.56 at the beginning of the year. Since then, MODN shares have decreased by 15.8% and is now trading at $34.17.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 9th 2023.
View our MODN earnings forecast.

Model N, Inc. (NYSE:MODN) posted its earnings results on Tuesday, November, 9th. The software maker reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.30. The software maker earned $51.48 million during the quarter, compared to the consensus estimate of $50.63 million. Model N had a negative trailing twelve-month return on equity of 7.17% and a negative net margin of 13.06%. During the same quarter last year, the business posted ($0.01) earnings per share.

Model N issued an update on its second quarter 2023 earnings guidance on Tuesday, February, 7th. The company provided earnings per share guidance of $0.15-$0.18 for the period, compared to the consensus earnings per share estimate of $0.21. The company issued revenue guidance of $59.00 million-$60.00 million, compared to the consensus revenue estimate of $59.57 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."

Model N's stock is owned by a variety of retail and institutional investors. Top institutional investors include Conestoga Capital Advisors LLC (10.00%), Riverbridge Partners LLC (3.75%), Emerald Advisers LLC (1.91%), Comerica Bank (0.80%), Stephens Investment Management Group LLC (0.77%) and Assenagon Asset Management S.A. (0.57%). 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, Mark Albert Anderson, Melissa B Fisher, Suresh Kannan and Timothy M Adams.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of MODN stock can currently be purchased for approximately $34.17.

Model N (NYSE:MODN) has a market capitalization of $1.29 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 ($0.78) 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.