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 shares have increased by 64.1% and is now trading at $38.21. 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) issued its quarterly earnings results on Tuesday, May, 5th. The software maker reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.05. The software maker had revenue of $39.90 million for the quarter, compared to analysts' expectations of $38.41 million. Model N had a negative return on equity of 19.69% and a negative net margin of 10.88%. The business'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 updated 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 earnings per share estimate of $0.28. The company issued revenue guidance of $154-156 million, compared to the consensus revenue estimate of $153.24 million.

8 brokers have issued twelve-month price targets for Model N's stock. Their forecasts range from $29.00 to $37.00. On average, they anticipate Model N's share price to reach $33.29 in the next year. This suggests that the stock has a possible downside of 12.9%. View analysts' price targets for Model N.

News articles about MODN stock have been trending negative this week, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Model N earned a news impact score of -2.8 on InfoTrie's scale. They also gave news stories about the software maker a news buzz of 7.0 out of 10, indicating that recent news coverage is likely to have an effect on the stock's share price in the next several days. View the latest news about Model N.

Model N saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 2,400,000 shares, an increase of 267.3% from the May 31st total of 653,500 shares. Based on an average daily trading volume, of 508,300 shares, the days-to-cover ratio is currently 4.7 days. Approximately 8.9% of the company's stock are short sold. View Model N's Current Options Chain.

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

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 $38.21.

Model N has a market capitalization of $1.31 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.