Model N Stock Forecast, Price & 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 (WHO). Since then, MODN stock has increased by 46.2% and is now trading at $34.04.
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7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Model N in the last year. There are currently 2 hold ratings and 5 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, February 2nd 2021.
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Model N, Inc. (NYSE:MODN) posted its quarterly earnings results on Tuesday, November, 10th. The software maker reported $0.14 EPS for the quarter, beating the Zacks' consensus estimate of $0.09 by $0.05. The software maker earned $41.50 million during the quarter, compared to the consensus estimate of $40.51 million. Model N had a negative return on equity of 6.16% and a negative net margin of 8.48%. The business's revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 earnings per share.
View Model N's earnings history.

Model N updated its FY21 earnings guidance on Tuesday, November, 10th. The company provided EPS guidance of $0.27-$0.35 for the period, compared to the Thomson Reuters consensus estimate of $0.43. The company issued revenue guidance of $170-$172 million, compared to the consensus revenue estimate of $174.35 million.

7 equities research analysts have issued 12 month price targets for Model N's stock. Their forecasts range from $33.00 to $41.00. On average, they expect Model N's stock price to reach $36.17 in the next twelve months. This suggests a possible upside of 6.2% from the stock's current price.
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Model N saw a increase in short interest in November. As of November 15th, there was short interest totaling 3,280,000 shares, an increase of 10.4% from the October 31st total of 2,970,000 shares. Based on an average daily trading volume, of 378,800 shares, the short-interest ratio is presently 8.7 days. Currently, 11.8% of the company's stock are short sold.
View Model N's Short Interest.

Some companies that are related to Model N include HUYA (HUYA), DouYu International (DOYU), Switch (SWCH), TripAdvisor (TRIP), Rackspace Technology (RXT), Sabre (SABR), Cardlytics (CDLX), 21Vianet Group (VNET), SVMK (SVMK), Pluralsight (PS), Internet Initiative Japan (IIJIY), Magnite (MGNI), Yalla Group (YALA), Eventbrite (EB) and Health Catalyst (HCAT).
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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), Cisco Systems (CSCO), Inseego (INSG), Alibaba Group (BABA), Marvell Technology Group (MRVL), AbbVie (ABBV), Baidu (BIDU) and Square (SQ).

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

Model N's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (7.38%), Neuberger Berman Group LLC (7.14%), Conestoga Capital Advisors LLC (5.29%), First Light Asset Management LLC (2.70%), Emerald Advisers LLC (2.28%) and State Street Corp (2.04%). Company insiders that own Model N stock include Alan S Henricks, Christopher Lyon, Dave Michaud, David Barter, Jason Blessing, Laura Selig, Mark Albert Anderson, Melissa B Fisher, Neeraj Gokhale, Suresh Kannan and Timothy M Adams.
View institutional ownership trends for Model N.

MODN stock was sold by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Segall Bryant & Hamill LLC, Wasatch Advisors Inc., ArrowMark Colorado Holdings LLC, Neuberger Berman Group LLC, Castleark Management LLC, BlackRock Inc., and State Street Corp. Company insiders that have sold Model N company stock in the last year include Christopher Lyon, Dave Michaud, David Barter, Jason Blessing, Mark Albert Anderson, Melissa B Fisher, Suresh Kannan, and Timothy M Adams.
View insider buying and selling activity for Model N.

MODN stock was bought by a variety of institutional investors in the last quarter, including Standard Life Aberdeen plc, Conestoga Capital Advisors LLC, Ziegler Capital Management LLC, Wells Fargo & Company MN, Comerica Bank, Cubist Systematic Strategies LLC, Engineers Gate Manager LP, and Morgan Stanley.
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 $34.04.

Model N has a market capitalization of $1.19 billion and generates $161.06 million in revenue each year. The software maker earns $-13,660,000.00 in net income (profit) each year or ($0.18) on an earnings per share basis. Model N employs 733 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.