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. “
Several other research firms also recently weighed in on MODN. JMP Securities downgraded shares of Model N from an outperform rating to a market perform rating in a report on Tuesday, August 9th. Deutsche Bank AG reaffirmed a buy rating and issued a $16.00 price objective (down previously from $18.00) on shares of Model N in a report on Tuesday, August 9th.
Shares of Model N (NYSE:MODN) opened at 10.85 on Tuesday. The stock’s market capitalization is $300.19 million. The stock’s 50 day moving average is $10.71 and its 200-day moving average is $11.63. Model N has a one year low of $9.19 and a one year high of $13.98.
Model N (NYSE:MODN) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.04. The business earned $27.90 million during the quarter, compared to the consensus estimate of $27.34 million. Model N had a negative net margin of 29.19% and a negative return on equity of 37.01%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.08) earnings per share. On average, equities research analysts expect 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 company’s 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 directly owns 59,691 shares of the company’s stock, valued at approximately $633,321.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 20.90% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of MODN. BlackRock Advisors LLC increased its stake in shares of Model N by 1.4% in the second quarter. BlackRock Advisors LLC now owns 10,930 shares of the company’s stock worth $146,000 after buying an additional 148 shares during the last quarter. TFS Capital LLC acquired a new stake in shares of Model N during the second quarter worth $150,000. American International Group Inc. increased its stake in shares of Model N by 4.4% in the second quarter. American International Group Inc. now owns 12,789 shares of the company’s stock worth $171,000 after buying an additional 534 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of Model N by 4.4% in the second quarter. Nationwide Fund Advisors now owns 14,517 shares of the company’s stock worth $194,000 after buying an additional 610 shares during the last quarter. Finally, Highbridge Capital Management LLC acquired a new stake in shares of Model N during the second quarter worth $275,000. 67.47% of the stock is owned by institutional investors.
Model N Company Profile
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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