NYSE:MODNModel N Stock Price, Forecast & News

Model N's stock was trading at $23.28 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MODN stock has increased by 65.2% and is now trading at $38.45.
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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."
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Model N is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
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Model N Inc (NYSE:MODN) issued its quarterly earnings results on Tuesday, August, 4th. The software maker reported $0.15 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.25. The software maker earned $41.26 million during the quarter, compared to the consensus estimate of $39.52 million. Model N had a negative return on equity of 16.78% and a negative net margin of 10.03%. The firm's revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 earnings per share.
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Model N updated its FY20 earnings guidance on Tuesday, August, 4th. The company provided earnings per share guidance of $0.41-0.43 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.29. The company issued revenue guidance of $159.7-160.1 million, compared to the consensus revenue estimate of $155.57 million.

8 equities research analysts have issued 12 month target prices for Model N's stock. Their forecasts range from $32.00 to $49.50. On average, they anticipate Model N's stock price to reach $38.21 in the next year. This suggests that the stock has a possible downside of 0.6%.
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Media stories about MODN stock have been trending extremely negative this week, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Model N earned a coverage optimism score of -4.1 on InfoTrie's scale. They also assigned news headlines about the software maker a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near future.
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Model N saw a drop in short interest in January. As of January 15th, there was short interest totaling 861,400 shares, a drop of 25.1% from the December 31st total of 1,150,000 shares. Based on an average daily volume of 283,300 shares, the days-to-cover ratio is presently 3.0 days. Approximately 3.3% of the company's shares are sold short.
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Some companies that are related to Model N include HUYA (HUYA), DouYu International (DOYU), Medallia (MDLA), Switch (SWCH), SVMK (SVMK), Tripadvisor (TRIP), Pluralsight (PS), 21Vianet Group (VNET), Sabre (SABR), Cardlytics (CDLX), Internet Initiative Japan (IIJIY), Health Catalyst (HCAT), Eventbrite (EB), the Rubicon Project (MGNI) and Qutoutiao (QTT).
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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), Alibaba Group (BABA), Cisco Systems (CSCO), Baidu (BIDU), AbbVie (ABBV), Baozun (BZUN), Editas Medicine (EDIT) and Marvell Technology Group (MRVL).

Model N trades on the New York Stock Exchange (NYSE) under the ticker symbol "MODN."

Model N's stock is owned by a number of institutional and retail investors. Top institutional investors include Conestoga Capital Advisors LLC (3.82%), Emerald Advisers LLC (2.40%), Emerald Mutual Fund Advisers Trust (2.15%), Wasatch Advisors Inc. (1.65%), Frontier Capital Management Co. LLC (1.59%) and Russell Investments Group Ltd. (0.41%). Company insiders that own Model N stock include Alan S Henricks, Christopher Lyon, David Barter, Jason Blessing, Laura Selig, Mark Albert Anderson, Melissa B Fisher, Neeraj Gokhale and Suresh Kannan.
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MODN stock was sold by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Frontier Capital Management Co. LLC, Assenagon Asset Management S.A., EAM Investors LLC, Goldman Sachs Group Inc., Bank of Montreal Can, Bank of New York Mellon Corp, and UBS Group AG. 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, Melissa B Fisher, and Suresh Kannan.
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MODN stock was acquired by a variety of institutional investors in the last quarter, including Conestoga Capital Advisors LLC, Emerald Advisers LLC, Emerald Mutual Fund Advisers Trust, Crown Advisors Management Inc., Comerica Bank, King Luther Capital Management Corp, Foundry Partners LLC, and Raymond James & Associates.
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 $38.45.

Model N has a market capitalization of $1.33 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.