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 issued research reports about the stock. JMP Securities lowered shares of Model N from an outperform rating to a market perform rating in a research report on Tuesday, August 9th. Deutsche Bank AG reaffirmed a buy rating and set a $16.00 price target (down previously from $18.00) on shares of Model N in a research report on Tuesday, August 9th.
Shares of Model N (NYSE:MODN) opened at 9.95 on Wednesday. The stock’s 50 day moving average is $10.59 and its 200 day moving average is $11.62. Model N has a 52-week low of $9.19 and a 52-week high of $13.98. The stock’s market capitalization is $275.29 million.
Model N (NYSE:MODN) last announced its quarterly earnings data on Monday, August 8th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.04. The business had revenue of $27.90 million for 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 firm posted ($0.08) earnings per share. Equities research analysts expect that Model N will post ($0.66) earnings per share for the current fiscal year.
In other news, SVP Eric Carrasquilla sold 4,031 shares of the stock in a transaction on 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 of the company’s stock, valued at $633,321.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 20.90% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Nationwide Fund Advisors raised its stake in Model N by 4.4% in the second quarter. Nationwide Fund Advisors now owns 14,517 shares of the company’s stock valued at $194,000 after buying an additional 610 shares during the last quarter. Royce & Associates LP raised its stake in Model N by 35.9% in the second quarter. Royce & Associates LP now owns 292,080 shares of the company’s stock worth $3,899,000 after buying an additional 77,080 shares during the last quarter. EAM Investors LLC purchased a new stake in Model N during the second quarter worth $2,523,000. Emerald Acquisition Ltd. purchased a new stake in Model N during the second quarter worth $5,680,000. Finally, California State Teachers Retirement System raised its stake in Model N by 5.0% in the second quarter. California State Teachers Retirement System now owns 46,584 shares of the company’s stock worth $622,000 after buying an additional 2,218 shares during the last quarter. 67.47% of the stock is owned by institutional investors.
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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