Model N - MODN Stock Forecast, Price & News

3 Wall Street research 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 research analysts is that investors should "buy" MODN shares.
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3 equities research analysts have issued 12 month target prices for Model N's stock. Their MODN share price forecasts range from $29.00 to $45.00. On average, they anticipate the company's share price to reach $36.50 in the next twelve months. This suggests a possible upside of 14.6% from the stock's current price.
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Model N's stock was trading at $30.03 on January 1st, 2022. Since then, MODN stock has increased by 6.0% and is now trading at $31.84.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our MODN earnings forecast.

Model N, Inc. (NYSE:MODN) posted its quarterly earnings results on Tuesday, August, 9th. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.08. The software maker earned $56.17 million during the quarter, compared to analysts' expectations of $54.85 million. Model N had a negative net margin of 12.52% and a negative trailing twelve-month return on equity of 6.00%. The firm's quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.09) EPS.

Model N updated its fourth quarter 2022 earnings guidance on Tuesday, September, 13th. The company provided earnings per share (EPS) guidance of $0.18-$0.20 for the period, compared to the consensus earnings per share estimate of $0.15. The company issued revenue guidance of $56.00 million-$56.50 million, compared to the consensus revenue estimate of $56.44 million.

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.

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).

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 shareholders include Conestoga Capital Advisors LLC (13.54%), Artisan Partners Limited Partnership (8.35%), First Light Asset Management LLC (7.48%), Clearbridge Investments LLC (6.27%), Riverbridge Partners LLC (4.08%) and Riverbridge Partners LLC (3.87%). 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.
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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.
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One share of MODN stock can currently be purchased for approximately $31.84.

Model N (NYSE:MODN) has a market capitalization of $1.18 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.

The company employs 982 workers across the globe.

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.