Model N Inc (NYSE:MODN) – Stock analysts at Dougherty & Co issued their Q1 2019 earnings per share (EPS) estimates for Model N in a research report issued on Thursday, November 8th, according to Zacks Investment Research. Dougherty & Co analyst G. Mannheimer expects that the software maker will post earnings of ($0.12) per share for the quarter.
Model N (NYSE:MODN) last announced its quarterly earnings data on Tuesday, November 6th. The software maker reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.05. Model N had a negative return on equity of 54.52% and a negative net margin of 18.24%. The firm had revenue of $36.70 million during the quarter, compared to the consensus estimate of $35.49 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The business’s revenue was up 3.1% on a year-over-year basis.
Several other brokerages also recently weighed in on MODN. ValuEngine downgraded Model N from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Oppenheimer initiated coverage on Model N in a research report on Friday, October 19th. They issued an “outperform” rating and a $23.00 price objective for the company. Zacks Investment Research downgraded Model N from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. Craig Hallum lowered their price objective on Model N from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, November 7th. Finally, Needham & Company LLC downgraded Model N from a “buy” rating to a “hold” rating in a research report on Wednesday, November 7th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Model N currently has a consensus rating of “Buy” and a consensus price target of $22.29.
MODN stock traded up $0.87 during midday trading on Monday, hitting $14.61. The company had a trading volume of 522,342 shares, compared to its average volume of 235,740. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.23 and a current ratio of 1.23. Model N has a 52 week low of $12.60 and a 52 week high of $20.33. The company has a market capitalization of $432.09 million, a P/E ratio of -20.01 and a beta of 0.79.
Several institutional investors have recently made changes to their positions in MODN. FMR LLC raised its holdings in shares of Model N by 83.9% during the third quarter. FMR LLC now owns 2,126,685 shares of the software maker’s stock valued at $33,708,000 after acquiring an additional 970,095 shares in the last quarter. Frontier Capital Management Co. LLC raised its holdings in shares of Model N by 976.8% during the third quarter. Frontier Capital Management Co. LLC now owns 882,446 shares of the software maker’s stock valued at $13,987,000 after acquiring an additional 800,492 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Model N during the third quarter valued at approximately $7,070,000. BlackRock Inc. raised its holdings in shares of Model N by 25.0% during the third quarter. BlackRock Inc. now owns 2,177,385 shares of the software maker’s stock valued at $34,511,000 after acquiring an additional 434,804 shares in the last quarter. Finally, First Light Asset Management LLC raised its holdings in shares of Model N by 25.2% during the second quarter. First Light Asset Management LLC now owns 1,339,922 shares of the software maker’s stock valued at $24,923,000 after acquiring an additional 269,899 shares in the last quarter. Institutional investors own 70.40% of the company’s stock.
About Model N
Model N, Inc provides revenue management cloud solutions for the life sciences, technology, and manufacturing companies. The company's cloud-based revenue management solutions include Revenue Cloud for Pharma, Revenue Cloud for Med Tech, Revenue Cloud for High Tech, and Revenue Cloud. 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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