According to Zacks, “Model N, Inc. provides revenue management solutions for the life science and technology industries. It develops applications, such as managed care and government pricing for life science companies; and channel incentives based on design wins for technology companies. In addition, it offers implementation, managed, strategic, and customer support services. Model N, Inc. is headquartered in Redwood Shores, California. “
Other equities analysts have also recently issued research reports about the stock. Deutsche Bank AG reaffirmed a buy rating and issued a $16.00 price target (down previously from $18.00) on shares of Model N in a research report on Tuesday, August 9th. JMP Securities lowered shares of Model N from an outperform rating to a market perform rating in a research note on Tuesday, August 9th.
Shares of Model N (NYSE:MODN) remained flat at $10.05 during midday trading on Wednesday. 632 shares of the company traded hands. The stock has a 50-day moving average price of $10.61 and a 200-day moving average price of $11.61. Model N has a 1-year low of $9.19 and a 1-year high of $13.98. The stock’s market cap is $278.05 million.
Model N (NYSE:MODN) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.16) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.04. Model N had a negative net margin of 29.19% and a negative return on equity of 37.01%. The business had revenue of $27.90 million for the quarter, compared to analysts’ expectations of $27.34 million. During the same quarter last year, the firm earned ($0.08) EPS. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, analysts forecast that Model N will post ($0.66) EPS for the current year.
In other Model N news, SVP Eric Carrasquilla sold 4,031 shares of the stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $10.61, for a total value of $42,768.91. Following the completion of the sale, the senior vice president now owns 59,691 shares in the company, valued at approximately $633,321.51. The transaction was disclosed in a document filed with the SEC, which is available at this link. 20.90% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. Royce & Associates LP raised its stake in shares of Model N by 35.9% in the second quarter. Royce & Associates LP now owns 292,080 shares of the company’s stock valued at $3,899,000 after buying an additional 77,080 shares during the last quarter. Palisade Capital Management LLC NJ raised its stake in shares of Model N by 23.5% in the first quarter. Palisade Capital Management LLC NJ now owns 313,650 shares of the company’s stock valued at $3,378,000 after buying an additional 59,650 shares during the last quarter. Thomson Horstmann & Bryant Inc. bought a new stake in shares of Model N during the second quarter valued at about $821,000. RGM Capital LLC raised its stake in shares of Model N by 3.4% in the first quarter. RGM Capital LLC now owns 2,401,177 shares of the company’s stock valued at $25,861,000 after buying an additional 78,726 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Model N by 20.3% in the first quarter. Geode Capital Management LLC now owns 122,369 shares of the company’s stock valued at $1,317,000 after buying an additional 20,679 shares during the last quarter. Hedge funds and other institutional investors own 67.47% of the company’s stock.
About Model N
Model N, Inc is a provider of revenue management cloud solutions for life science and technology companies. The Company’s solutions enable its customers to manage revenue compliance risk. The Company’s solutions include Revenue Enterprise Cloud, Revenue Intelligence Cloud and Revvy. The Company provides solutions that span the organizational and operational boundaries of functions, such as sales, marketing and finance, and serve as a system of record for revenue management processes, including pricing, contracts, rebates, incentives and regulatory compliance.
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