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.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MODN. Craig Hallum lowered their target price on Model N from $39.00 to $29.00 in a report on Wednesday, May 11th. StockNews.com upgraded Model N from a "hold" rating to a "buy" rating in a report on Monday, May 16th. Finally, BTIG Research decreased their price objective on Model N from $48.00 to $38.00 in a report on Wednesday, May 11th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Model N currently has a consensus rating of "Buy" and a consensus target price of $36.80.

Model N Trading Up 29.0 %

MODN opened at $33.78 on Thursday. The stock has a market capitalization of $1.24 billion, a PE ratio of -43.31 and a beta of 0.83. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.68 and a current ratio of 2.68. Model N has a one year low of $20.95 and a one year high of $37.38. The business's 50 day moving average price is $25.29 and its 200 day moving average price is $25.31.

Model N (NYSE:MODN - Get Rating) last announced its earnings results on Tuesday, August 9th. The software maker reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.08. The company had revenue of $56.17 million for the quarter, compared to analyst estimates of $54.85 million. Model N had a negative return on equity of 7.58% and a negative net margin of 13.60%. The firm's quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.09) earnings per share. As a group, equities research analysts expect that Model N will post -0.3 EPS for the current year.

Insider Buying and Selling at Model N

In other Model N news, CFO John Ederer sold 1,135 shares of the business's stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $23.61, for a total value of $26,797.35. Following the sale, the chief financial officer now owns 120,800 shares of the company's stock, valued at $2,852,088. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO John Ederer sold 1,135 shares of the company's stock in a transaction on Monday, May 16th. The stock was sold at an average price of $23.61, for a total transaction of $26,797.35. Following the sale, the chief financial officer now owns 120,800 shares of the company's stock, valued at $2,852,088. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Albert Anderson sold 5,962 shares of the company's stock in a transaction on Friday, July 1st. The stock was sold at an average price of $25.51, for a total value of $152,090.62. Following the sale, the insider now directly owns 176,145 shares in the company, valued at approximately $4,493,458.95. The disclosure for this sale can be found here. Insiders have sold a total of 24,166 shares of company stock valued at $581,887 over the last quarter. 2.00% of the stock is owned by company insiders.