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NYSE:MODN

Model N - MODN Stock Forecast, Price & News

$31.96
-1.82 (-5.39%)
(As of 08/11/2022 03:45 PM ET)
Add
Compare
Today's Range
$31.08
$32.87
50-Day Range
$22.27
$33.78
52-Week Range
$20.95
$37.38
Volume
4,920 shs
Average Volume
88,221 shs
Market Capitalization
$1.18 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$36.80

Model N MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
16.5% Upside
$36.80 Price Target
Short Interest
Bearish
7.00% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.85
Upright™ Environmental Score
News Sentiment
0.58mentions of Model N in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$581,887 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.30) to ($0.16) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.76 out of 5 stars

Computer And Technology Sector

609th out of 658 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

64th out of 68 stocks

MODN stock logo

About Model N (NYSE:MODN) Stock

Model N, Inc. provides cloud revenue management solutions for life sciences and high-tech companies. The company offers Global Pricing Management, which minimizes price erosion of products; Global Tender Management that enhances revenue by enabling segmentation and targeting, optimal bid pricing, and post-award tracking; Provider Management, which minimizes rebate overpayments; Payer Management that minimizes revenue leakage and noncompliance of complex contracts; Government Pricing, which optimizes revenue, and reduces the risk of fines and other penalties; and Medicaid that enhances compliance with regulatory requirements and payments of rebate claims timely, as well as at correct rates for government medicaid programs. It also provides Deal Management, which increases deal conversion and pricing consistency; Deal Intelligence that controls price concessions and determines ideal prices; Channel Management, which provides manufacturers a view of inventory, as well as evaluate price protection and stock rotation, and matching available inventory to quotes; Market Development Fund Management that allows companies to streamline their MDF process and reduce revenue leakage; Rebates Management, which centralizes control of rebate programs; and Channel Data Management that automates the process of collection, cleansing, validation, and standardization of channel partner data, such as POS, inventory, and claims. In addition, the company offers implementation, managed, strategic, and customer support services. It primarily serves large and mid-sized organizations worldwide through its direct sales force. The company was incorporated in 1999 and is headquartered in San Mateo, California.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MODN. Craig Hallum lowered their target price on Model N from $39.00 to $29.00 in a report on Wednesday, May 11th. StockNews.com upgraded Model N from a "hold" rating to a "buy" rating in a report on Monday, May 16th. Finally, BTIG Research decreased their price objective on Model N from $48.00 to $38.00 in a report on Wednesday, May 11th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Model N currently has a consensus rating of "Buy" and a consensus target price of $36.80.

Model N Trading Up 29.0 %

MODN opened at $33.78 on Thursday. The stock has a market capitalization of $1.24 billion, a PE ratio of -43.31 and a beta of 0.83. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.68 and a current ratio of 2.68. Model N has a one year low of $20.95 and a one year high of $37.38. The business's 50 day moving average price is $25.29 and its 200 day moving average price is $25.31.

Model N (NYSE:MODN - Get Rating) last announced its earnings results on Tuesday, August 9th. The software maker reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.08. The company had revenue of $56.17 million for the quarter, compared to analyst estimates of $54.85 million. Model N had a negative return on equity of 7.58% and a negative net margin of 13.60%. The firm's quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.09) earnings per share. As a group, equities research analysts expect that Model N will post -0.3 EPS for the current year.

Insider Buying and Selling at Model N

In other Model N news, CFO John Ederer sold 1,135 shares of the business's stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $23.61, for a total value of $26,797.35. Following the sale, the chief financial officer now owns 120,800 shares of the company's stock, valued at $2,852,088. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO John Ederer sold 1,135 shares of the company's stock in a transaction on Monday, May 16th. The stock was sold at an average price of $23.61, for a total transaction of $26,797.35. Following the sale, the chief financial officer now owns 120,800 shares of the company's stock, valued at $2,852,088. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Albert Anderson sold 5,962 shares of the company's stock in a transaction on Friday, July 1st. The stock was sold at an average price of $25.51, for a total value of $152,090.62. Following the sale, the insider now directly owns 176,145 shares in the company, valued at approximately $4,493,458.95. The disclosure for this sale can be found here. Insiders have sold a total of 24,166 shares of company stock valued at $581,887 over the last quarter. 2.00% of the stock is owned by company insiders.

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MODN Stock News Headlines

Model N (MODN) Q3 Earnings and Revenues Beat Estimates
Model N (MODN) Set to Announce Quarterly Earnings on Tuesday
Model N Inc Stock Quote MODN
Model N: Downgrading To Neutral On Deceleration
Model N Inc. Tops Q2 EPS by 7c
Model N: Strong Execution At Cheap Value
Instrument Name Model N Inc Instrument Symbol (MODN-N)
See More Headlines
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MODN Company Calendar

Last Earnings
8/09/2022
Today
8/11/2022
Fiscal Year End
9/30/2022
Next Earnings (Estimated)
11/08/2022

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Employees
982
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$36.80
High Stock Price Forecast
$45.00
Low Stock Price Forecast
$29.00
Forecasted Upside/Downside
+15.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$-29,740,000.00
Pretax Margin
-13.11%

Debt

Sales & Book Value

Annual Sales
$193.45 million
Cash Flow
$0.37 per share
Book Value
$3.45 per share

Miscellaneous

Free Float
36,088,000
Market Cap
$1.18 billion
Optionable
Optionable
Beta
0.83

Key Executives














MODN Stock - Frequently Asked Questions

Should I buy or sell Model N stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Model N in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MODN shares.
View MODN analyst ratings
or view top-rated stocks.

What is Model N's stock price forecast for 2022?

3 Wall Street research analysts have issued 12 month price targets for Model N's stock. Their MODN share price forecasts range from $29.00 to $45.00. On average, they anticipate the company's stock price to reach $36.80 in the next twelve months. This suggests a possible upside of 16.0% from the stock's current price.
View analysts price targets for MODN
or view top-rated stocks among Wall Street analysts.

How have MODN shares performed in 2022?

Model N's stock was trading at $30.03 at the beginning of the year. Since then, MODN shares have increased by 5.7% and is now trading at $31.73.
View the best growth stocks for 2022 here
.

When is Model N's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our MODN earnings forecast
.

How were Model N's earnings last quarter?

Model N, Inc. (NYSE:MODN) posted its quarterly earnings data on Tuesday, August, 9th. The software maker reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.08. The software maker earned $56.17 million during the quarter, compared to the consensus estimate of $54.85 million. Model N had a negative net margin of 12.52% and a negative trailing twelve-month return on equity of 6.05%. The company's quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the firm posted ($0.09) earnings per share.

What guidance has Model N issued on next quarter's earnings?

Model N updated its fourth quarter earnings guidance on Tuesday, August, 9th. The company provided EPS guidance of $0.18-0.20 for the period, compared to the consensus estimate of $0.14. The company issued revenue guidance of $56.0-56.5 million, compared to the consensus revenue estimate of $56.44 million.

What is Jason Blessing's approval rating as Model N's CEO?

15 employees have rated Model N Chief Executive Officer Jason Blessing on Glassdoor.com. Jason Blessing has an approval rating of 76% among the company's employees.

What other stocks do shareholders of Model N own?

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 (MRVL), AbbVie (ABBV), Baidu (BIDU) and Block (SQ).

What is Model N's stock symbol?

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

Who are Model N's major shareholders?

Model N's stock is owned by a variety of institutional and retail investors. Top institutional investors include Conestoga Capital Advisors LLC (13.54%), Riverbridge Partners LLC (4.08%), Ophir Asset Management Pty Ltd (2.25%), Emerald Advisers LLC (1.96%), Comerica Bank (1.07%) and Assenagon Asset Management S.A. (0.65%). Insiders that own company stock include Alan S Henricks, Christopher Lyon, Dave Michaud, David Barter, Jason Blessing, John Ederer, Kimberly Decarlis, Laura Selig, Mark Albert Anderson, Melissa B Fisher, Suresh Kannan and Timothy M Adams.
View institutional ownership trends
.

How do I buy shares of Model N?

Shares of MODN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Model N's stock price today?

One share of MODN stock can currently be purchased for approximately $31.73.

How much money does Model N make?

Model N (NYSE:MODN) has a market capitalization of $1.17 billion and generates $193.45 million in revenue each year. The software maker earns $-29,740,000.00 in net income (profit) each year or ($0.73) on an earnings per share basis.

How many employees does Model N have?

The company employs 982 workers across the globe.

How can I contact Model N?

Model N's mailing address is 777 MARINERS ISLAND BOULEVARD SUITE 300, SAN MATEO CA, 94404. The official website for the company is www.modeln.com. The software maker can be reached via phone at (650) 610-4600, via email at investorrelations@modeln.com, or via fax at 650-610-4699.

This page (NYSE:MODN) was last updated on 8/11/2022 by MarketBeat.com Staff

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