Model N Inc (NYSE:MODN) reached a new 52-week high on Monday . The company traded as high as $21.95 and last traded at $21.90, with a volume of 3656 shares trading hands. The stock had previously closed at $21.84.

A number of equities research analysts have recently weighed in on the stock. Chardan Capital reiterated a “buy” rating and issued a $23.00 price target on shares of Model N in a research report on Monday, May 20th. National Securities reiterated a “buy” rating on shares of Model N in a research report on Wednesday, May 8th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $21.86.

The business’s 50 day moving average is $20.08. The stock has a market capitalization of $709.42 million, a price-to-earnings ratio of -29.97 and a beta of 0.58. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.35 and a quick ratio of 1.35.

Model N (NYSE:MODN) last announced its quarterly earnings data on Tuesday, May 7th. The software maker reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.20. The business had revenue of $34.84 million for the quarter, compared to analysts’ expectations of $34.52 million. Model N had a negative net margin of 20.30% and a negative return on equity of 56.80%. The firm’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same period last year, the firm posted $0.02 earnings per share. Analysts anticipate that Model N Inc will post -0.45 earnings per share for the current fiscal year.

In other Model N news, CEO Jason Blessing sold 12,022 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $18.89, for a total transaction of $227,095.58. Following the sale, the chief executive officer now owns 362,184 shares of the company’s stock, valued at $6,841,655.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David Barter sold 8,031 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $18.89, for a total transaction of $151,705.59. Following the sale, the chief financial officer now directly owns 179,033 shares in the company, valued at approximately $3,381,933.37. The disclosure for this sale can be found here. Insiders sold 24,833 shares of company stock worth $467,895 over the last three months. 1.20% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Trigran Investments Inc. grew its stake in shares of Model N by 2.9% during the first quarter. Trigran Investments Inc. now owns 2,033,981 shares of the software maker’s stock worth $35,676,000 after buying an additional 57,202 shares during the last quarter. Frontier Capital Management Co. LLC grew its stake in shares of Model N by 4.6% during the first quarter. Frontier Capital Management Co. LLC now owns 1,017,873 shares of the software maker’s stock worth $17,853,000 after buying an additional 44,993 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Model N by 35.8% during the first quarter. Assenagon Asset Management S.A. now owns 546,006 shares of the software maker’s stock worth $9,577,000 after buying an additional 144,024 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Model N by 2.4% during the fourth quarter. American Century Companies Inc. now owns 344,224 shares of the software maker’s stock worth $4,554,000 after buying an additional 8,145 shares during the last quarter. Finally, PenderFund Capital Management Ltd. grew its stake in shares of Model N by 77.3% during the second quarter. PenderFund Capital Management Ltd. now owns 325,000 shares of the software maker’s stock worth $5,631,000 after buying an additional 141,649 shares during the last quarter. 75.39% of the stock is currently owned by hedge funds and other institutional investors.

About Model N (NYSE:MODN)

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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