Model N (NYSE:MODN) had its target price raised by JMP Securities from $29.00 to $36.00 in a research report sent to investors on Wednesday morning, Stock Target Advisor reports. JMP Securities currently has a market outperform rating on the software maker’s stock.

Other research analysts also recently issued research reports about the stock. Dougherty & Co lifted their target price on shares of Model N from $26.00 to $32.00 and gave the stock a buy rating in a report on Monday, September 23rd. ValuEngine downgraded shares of Model N from a buy rating to a hold rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Model N from $21.00 to $25.00 and gave the stock a neutral rating in a report on Wednesday, August 7th. Finally, Needham & Company LLC restated a buy rating and set a $34.00 price objective on shares of Model N in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $27.00.

Shares of MODN opened at $30.16 on Wednesday. The company has a market capitalization of $962.70 million, a PE ratio of -70.14 and a beta of 0.52. Model N has a one year low of $12.98 and a one year high of $32.00. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.33 and a quick ratio of 1.33. The company’s fifty day moving average price is $28.44 and its 200 day moving average price is $23.42.

Model N (NYSE:MODN) last announced its earnings results on Tuesday, November 5th. The software maker reported $0.12 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.15. The firm had revenue of $36.60 million for the quarter, compared to the consensus estimate of $35.72 million. Model N had a negative net margin of 13.66% and a negative return on equity of 29.70%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 EPS. Analysts anticipate that Model N will post -0.19 earnings per share for the current year.

In other news, SVP Mark Albert Anderson sold 2,600 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $27.26, for a total transaction of $70,876.00. Following the transaction, the senior vice president now owns 128,125 shares in the company, valued at approximately $3,492,687.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO David Barter sold 1,522 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $26.12, for a total transaction of $39,754.64. Following the completion of the sale, the chief financial officer now directly owns 176,862 shares in the company, valued at approximately $4,619,635.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,998 shares of company stock worth $237,992. Insiders own 1.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of MODN. Altshuler Shaham Ltd increased its stake in Model N by 216.5% in the second quarter. Altshuler Shaham Ltd now owns 1,459 shares of the software maker’s stock valued at $28,000 after acquiring an additional 998 shares during the period. Cutler Group LP increased its stake in Model N by 1,500.0% in the third quarter. Cutler Group LP now owns 1,400 shares of the software maker’s stock valued at $38,000 after acquiring an additional 1,500 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Model N in the second quarter valued at about $40,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Model N by 68.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,209 shares of the software maker’s stock valued at $43,000 after acquiring an additional 896 shares during the period. Finally, Aperio Group LLC bought a new stake in Model N in the second quarter valued at about $47,000. 77.87% of the stock is currently owned by institutional investors and hedge funds.

About Model N

Model N, Inc provides revenue management cloud solutions for the life sciences and technology companies. The company's cloud-based revenue management solutions include Revenue Cloud for Pharma, Revenue Cloud for Med Tech, and Revenue Cloud for Semiconductors and High Tech Manufacturing. It develops software applications, such as managed care and government pricing for life science companies; and channel incentives for technology companies.

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Analyst Recommendations for Model N (NYSE:MODN)

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