NYSE:MODNModel N Stock Price, Forecast & News

Model N's stock was trading at $23.28 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MODN stock has increased by 57.5% and is now trading at $36.67. 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 Inc (NYSE:MODN) issued its quarterly earnings results on Tuesday, May, 5th. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.02 by $0.05. The software maker earned $39.90 million during the quarter, compared to analyst estimates of $38.41 million. Model N had a negative return on equity of 19.69% and a negative net margin of 10.88%. The company's revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last 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 guidance of $0.28-0.31 for the period, compared to the Thomson Reuters consensus 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 12 month target prices for Model N's shares. Their forecasts range from $29.00 to $37.00. On average, they expect Model N's stock price to reach $33.29 in the next year. This suggests that the stock has a possible downside of 9.2%. View analysts' price targets for Model N.

News articles about MODN stock have trended very negative on Thursday, according to InfoTrie. The research group rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Model N earned a news impact score of -3.3 on InfoTrie's scale. They also gave press coverage about the software maker a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news about Model N.

Model N saw a increase in short interest in 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 trading volume, of 508,300 shares, the short-interest ratio is presently 4.7 days. Currently, 8.9% of the shares of the stock are sold short. View Model N's Current Options Chain.

Some companies that are related to Model N include Switch (SWCH), HUYA (HUYA), 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) and The Rubicon Project (RUBI). 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."

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 $36.67.

Model N has a market capitalization of $1.26 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.