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 shares have increased by 38.9% and is now trading at $32.34. 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) announced its quarterly earnings data on Tuesday, May, 5th. The software maker reported $0.07 earnings per share for the quarter, beating the Zacks' 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 net margin of 10.88% and a negative return on equity of 19.69%. The firm's revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.01 earnings per share. View Model N's earnings history.

Model N issued an update on 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 analysts have issued 1-year price objectives 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 a possible upside of 2.9% from the stock's current price. View analysts' price targets for Model N.

News headlines about MODN stock have trended negative this week, according to InfoTrie. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Model N earned a news sentiment score of -2.6 on InfoTrie's scale. They also assigned media headlines about the software maker a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutModel N.

Model N saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 706,400 shares, a drop of 13.8% from the April 30th total of 819,700 shares. Based on an average daily volume of 361,600 shares, the short-interest ratio is currently 2.0 days. Approximately 2.7% of the company's shares are sold short. View Model N's Current Options Chain.

Some companies that are related to Model N include Switch (SWCH), Medallia (MDLA), HUYA (HUYA), Pluralsight (PS), SVMK (SVMK), DouYu International (DOYU), Tripadvisor (TRIP), Sabre (SABR), Cardlytics (CDLX), 21Vianet Group (VNET), Internet Initiative Japan (IIJIY), Health Catalyst (HCAT), Eventbrite (EB), The Rubicon Project (RUBI) and Qutoutiao (QTT). 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."

Model N's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.06%), Fred Alger Management LLC (5.84%), State Street Corp (2.08%), Wasatch Advisors Inc. (2.02%), Frontier Capital Management Co. LLC (1.91%) and Federated Hermes Inc. (1.84%). Company insiders that own Model N stock include Alan S Henricks, Christopher Lyon, David Barter, Jason Blessing, Laura Selig, Mark Albert Anderson, Neeraj Gokhale, Suresh Kannan 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 Trigran Investments Inc., Invesco Ltd., Deutsche Bank AG, Portolan Capital Management LLC, Two Sigma Investments LP, Russell Investments Group Ltd., Emerald Mutual Fund Advisers Trust, and Healthcare of Ontario Pension Plan Trust Fund. 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 Suresh Kannan. 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, Wasatch Advisors Inc., Acadian Asset Management LLC, JPMorgan Chase & Co., BlackRock Inc., Castleark Management LLC, Rice Hall James & Associates LLC, and Rice Hall James & Associates LLC. 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 $32.34.

Model N has a market capitalization of $1.11 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.