News coverage about Model N (NYSE:MODN) has been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Model N earned a coverage optimism score of 0.02 on Accern’s scale. Accern also assigned media stories about the software maker an impact score of 46.7323296692138 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Several equities research analysts have recently commented on the stock. Dougherty & Co raised their target price on shares of Model N from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Zacks Investment Research raised shares of Model N from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Friday, January 5th. BidaskClub cut shares of Model N from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 10th. Raymond James Financial reissued a “hold” rating on shares of Model N in a research report on Monday, December 4th. Finally, JPMorgan Chase & Co. lowered shares of Model N from an “overweight” rating to a “neutral” rating and set a $18.00 price objective for the company. in a research note on Tuesday, December 12th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.00.

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Shares of Model N (MODN) opened at $15.00 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.27. The company has a market cap of $442.10, a P/E ratio of -10.87 and a beta of 1.17. Model N has a 12 month low of $8.45 and a 12 month high of $16.75.

Model N (NYSE:MODN) last posted its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. The company had revenue of $35.61 million for the quarter, compared to the consensus estimate of $34.86 million. Model N had a negative net margin of 30.15% and a negative return on equity of 55.26%. The firm’s revenue was up 24.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.28) earnings per share. research analysts anticipate that Model N will post -0.64 EPS for the current fiscal year.

In other Model N news, Director Alan S. Henricks sold 4,730 shares of Model N stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $14.59, for a total transaction of $69,010.70. Following the transaction, the director now owns 40,134 shares of the company’s stock, valued at $585,555.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan S. Henricks sold 13,475 shares of Model N stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $14.50, for a total transaction of $195,387.50. Following the transaction, the director now directly owns 40,134 shares in the company, valued at approximately $581,943. The disclosure for this sale can be found here. Company insiders own 18.90% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Model N (NYSE:MODN)

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