NYSE:MODNModel N Stock Price, Forecast & News

Model N's stock was trading at $23.28 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MODN stock has increased by 73.0% and is now trading at $40.27.
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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) posted its quarterly earnings data on Tuesday, August, 4th. The software maker reported $0.15 EPS for the quarter, beating the Thomson Reuters' 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 net margin of 10.03% and a negative return on equity of 16.78%. Model N'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 company posted $0.06 EPS.
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Model N issued an update on its FY20 earnings guidance on Tuesday, August, 4th. The company provided EPS guidance of $0.41-0.43 for the period, compared to the Thomson Reuters consensus earnings per share 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 analysts have issued 12-month price targets for Model N's shares. 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 twelve months. This suggests that the stock has a possible downside of 5.1%.
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News stories about MODN stock have been trending very negative this week, according to InfoTrie. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Model N earned a coverage optimism score of -3.4 on InfoTrie's scale. They also gave news stories 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 immediate future.
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Model N saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 2,840,000 shares, an increase of 5.6% from the July 15th total of 2,690,000 shares. Based on an average daily volume of 532,600 shares, the short-interest ratio is currently 5.3 days. Approximately 10.5% of the shares of the stock are sold short.
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Some companies that are related to Model N include DouYu International (DOYU), Switch (SWCH), Medallia (MDLA), SVMK (SVMK), Pluralsight (PS), Tripadvisor (TRIP), 21Vianet Group (VNET), Sabre (SABR), Cardlytics (CDLX), Internet Initiative Japan (IIJIY), Health Catalyst (HCAT), Qutoutiao (QTT), Eventbrite (EB), HealthStream (HSTM) and the Rubicon Project (MGNI).
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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), 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 many different institutional and retail investors. Top institutional shareholders include Conestoga Capital Advisors LLC (3.82%), Emerald Advisers LLC (2.40%), Emerald Mutual Fund Advisers Trust (2.15%), Frontier Capital Management Co. LLC (1.59%), Russell Investments Group Ltd. (0.41%) and Essex Investment Management Co. LLC (0.36%). 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 Frontier Capital Management Co. LLC, Assenagon Asset Management S.A., UBS Group AG, and Essex Investment Management Co. LLC. 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, Foundry Partners LLC, Raymond James & Associates, and Stanley Laman Group Ltd..
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 $40.27.

Model N has a market capitalization of $1.39 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.