A number of research firms have changed their ratings and price targets for Model N (NYSE: MODN):

  • 8/24/2017 – Model N was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 8/17/2017 – Model N was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/17/2017 – Model N was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Model N is a leading provider of revenue management solutions primarily to life sciences and high technology companies. Third-quarter results reflected company's expanding  product portfolio post the Revitas acquisition. Also, a growing customer base, and cost synergies from acquisitions are benefiting the company. The company continues to win deals both in the life sciences and high technology market that will drive top-line growth. Moreover, the transition to cloud-based applications will drive recurring revenue growth in the long term. We note that the company has outperformed the industry on a year-to-date basis. However, lack of international customers, mounting operating loss, continuing cash burn and stretched valuation are major headwinds.”
  • 8/14/2017 – Model N was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $15.00 price target on the stock. According to Zacks, “Model N is a leading provider of revenue management solutions primarily to life sciences and high technology companies. Third-quarter results reflected company's expanding  product portfolio post the Revitas acquisition. Also, a growing customer base, and cost synergies from acquisitions are benefiting the company. The company continues to win deals both in the life sciences and high technology market that will drive top-line growth. Moreover, the transition to cloud-based applications will drive recurring revenue growth in the long term. We note that the company has outperformed the industry on a year-to-date basis. However, lack of international customers, mounting operating loss, continuing cash burn and stretched valuation are major headwinds.”
  • 8/9/2017 – Model N was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/10/2017 – Model N was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Model N is a leading provider of revenue management solutions primarily to life sciences and high technology companies. The company is expanding its product portfolio post the Revitas acquisition. Also, a growing customer base, and cost synergies from acquisitions are likely to benefit the company. The company continues to win deals both in the life sciences and high technology market that will drive top-line growth. Moreover, the transition to cloud-based applications will drive recurring revenue growth in the long term. We note that the company has outperformed the broader industry on a year-to-date basis. Meanwhile, estimates have been stable lately ahead of the company's Q3 earnings release. The company has a positive record of earnings surprise in the recent quarters. However, lack of international customers, mounting operating loss, continuing cash burn and stretched valuation are major headwinds.”
  • 6/29/2017 – Model N is now covered by analysts at Dougherty & Co. They set a “buy” rating and a $17.00 price target on the stock.

Model N, Inc. (MODN) traded down 0.186% during trading on Monday, hitting $13.425. The stock had a trading volume of 2,757 shares. The company’s market capitalization is $390.57 million. Model N, Inc. has a 1-year low of $6.98 and a 1-year high of $13.75. The stock’s 50-day moving average price is $13.14 and its 200-day moving average price is $11.84.

Model N (NYSE:MODN) last posted its quarterly earnings results on Tuesday, August 8th. The software maker reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.04. Model N had a negative net margin of 30.85% and a negative return on equity of 52.59%. The company had revenue of $34.20 million during the quarter, compared to analysts’ expectations of $34.41 million. During the same quarter in the previous year, the business posted ($0.16) EPS. The firm’s revenue was up 22.6% on a year-over-year basis. Analysts expect that Model N, Inc. will post ($0.62) earnings per share for the current year.

In related news, SVP Amelia Generalis sold 3,758 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $13.30, for a total value of $49,981.40. Following the completion of the sale, the senior vice president now owns 76,734 shares in the company, valued at approximately $1,020,562.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 20.40% of the stock is currently owned by insiders.

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.

Receive News & Ratings for Model N Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Model N Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.