NYSE:MODN - Model N Stock Price, Forecast & News

Model N's stock was trading at $23.28 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MODN stock has decreased by 1.5% and is now trading at $22.92. View which stocks have been mosted impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Model N in the last year. There are currently 8 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, May 5th 2020. View our earnings forecast for Model N.

Model N Inc (NYSE:MODN) issued its quarterly earnings data on Tuesday, February, 4th. The software maker reported $0.12 earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.11) by $0.23. The software maker had revenue of $38.40 million for the quarter, compared to the consensus estimate of $37.26 million. Model N had a negative net margin of 12.15% and a negative return on equity of 25.25%. The business's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 EPS. View Model N's earnings history.

Model N updated its FY20 earnings guidance on Tuesday, February, 4th. The company provided earnings per share guidance of $0.25-0.31 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.28. The company issued revenue guidance of $154-156 million, compared to the consensus revenue estimate of $153.51 million.

8 analysts have issued 12 month price objectives for Model N's shares. Their forecasts range from $23.00 to $41.00. On average, they expect Model N's stock price to reach $31.00 in the next year. This suggests a possible upside of 35.3% from the stock's current price. View analysts' price targets for Model N.

News stories about MODN stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Model N earned a news impact score of 0.8 on InfoTrie's scale. They also assigned media headlines about the software maker a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutModel N.

Model N saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 938,600 shares, an increase of 12.5% from the February 13th total of 834,200 shares. Based on an average daily volume of 342,100 shares, the short-interest ratio is currently 2.7 days. Approximately 3.6% of the company's stock are sold short. View Model N's Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Model N investors own include MassRoots (MSRT), GTT Communications (GTT), NVIDIA (NVDA), Alibaba Group (BABA), Baidu (BIDU), Baozun (BZUN), JD.Com (JD), Advanced Micro Devices (AMD), R1 RCM (RCM) and AbbVie (ABBV).

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 shareholders include Renaissance Technologies LLC (6.33%), Fred Alger Management LLC (3.52%), State Street Corp (2.28%), Emerald Advisers LLC (1.85%), Nuveen Asset Management LLC (1.69%) and Artisan Partners Limited Partnership (1.61%). Company insiders that own Model N stock include Alan S Henricks, Christopher Lyon, David Barter, Jason Blessing, Laura Selig, Mark Albert Anderson, Neeraj Gokhale and Zack Rinat. View institutional ownership trends for Model N.

MODN stock was sold by a variety of institutional investors in the last quarter, including ArrowMark Colorado Holdings LLC, Nuveen Asset Management LLC, Assenagon Asset Management S.A., Oxford Asset Management LLP, Panagora Asset Management Inc., Rice Hall James & Associates LLC, Castleark Management LLC, and Synovus Financial Corp. Company insiders that have sold Model N company stock in the last year include Christopher Lyon, David Barter, Jason Blessing, Laura Selig, Mark Albert Anderson, and Neeraj Gokhale. View insider buying and selling activity for Model N.

MODN stock was purchased by a variety of institutional investors in the last quarter, including Fred Alger Management LLC, Renaissance Technologies LLC, Artisan Partners Limited Partnership, Russell Investments Group Ltd., Acadian Asset Management LLC, Credit Suisse AG, Bank of Montreal Can, and State Street Corp. 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 $22.92.

Model N has a market capitalization of $763.92 million 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. View additional information about Model N.

The official website for Model N is http://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.