News articles about Model N (NYSE:MODN) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Model N earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned news coverage about the software maker an impact score of 43.8979637415058 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several research firms have issued reports on MODN. JMP Securities raised shares of Model N from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 7th. Zacks Investment Research raised shares of Model N from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Monday, November 13th. ValuEngine raised shares of Model N from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. lowered shares of Model N from an “overweight” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research report on Tuesday, December 12th. Finally, Raymond James Financial reaffirmed a “hold” rating on shares of Model N in a research report on Monday, December 4th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Model N currently has a consensus rating of “Buy” and an average target price of $18.75.
Model N (MODN) traded down $0.10 during trading hours on Tuesday, hitting $18.70. 149,399 shares of the company’s stock traded hands, compared to its average volume of 256,021. Model N has a 12-month low of $9.80 and a 12-month high of $18.90. The firm has a market capitalization of $545.44, a P/E ratio of -14.50 and a beta of 0.86. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.15 and a current ratio of 1.15.
In other Model N news, SVP Neeraj Gokhale sold 1,628 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $16.94, for a total value of $27,578.32. Following the transaction, the senior vice president now directly owns 81,389 shares in the company, valued at $1,378,729.66. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Mark Albert Anderson sold 10,153 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $16.65, for a total transaction of $169,047.45. The disclosure for this sale can be found here. 18.90% of the stock is owned by insiders.
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Model N Company Profile
Model N, Inc is a provider of revenue management solutions for life science and technology companies. The Company’s solutions enable its customers to maximize revenues and reduce revenue compliance risk by transforming their revenue life cycle from a series of tactical, disjointed operations into a strategic end-to-end process.
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