Model N (MODN) Receiving Somewhat Positive Press Coverage, Report Shows

Media stories about Model N (NYSE:MODN) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Model N earned a news impact score of 0.08 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 46.2144129488671 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Model N (NYSE MODN) traded up $0.10 during midday trading on Thursday, hitting $15.90. 297,173 shares of the stock traded hands, compared to its average volume of 153,254. The firm has a market capitalization of $461.95, a price-to-earnings ratio of -11.52 and a beta of 1.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.27. 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 for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.03. The company had revenue of $35.61 million during the quarter, compared to analyst estimates of $34.86 million. Model N had a negative net margin of 30.15% and a negative return on equity of 55.26%. The company’s revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.28) earnings per share. research analysts expect that Model N will post -0.64 earnings per share for the current year.

Several research firms recently issued reports on MODN. ValuEngine raised shares of Model N from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub raised shares of Model N from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 30th. Zacks Investment Research lowered shares of Model N from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Dougherty & Co increased their price target 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. Finally, Raymond James Financial reissued a “hold” rating on shares of Model N in a research report on Monday, December 4th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Model N currently has a consensus rating of “Buy” and a consensus price target of $17.50.

In related news, Director Alan S. Henricks sold 13,475 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $14.50, for a total value of $195,387.50. Following the completion of the sale, the director now owns 40,134 shares of the company’s stock, valued at $581,943. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO David Barter sold 3,596 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $14.65, for a total transaction of $52,681.40. Following the completion of the sale, the chief financial officer now directly owns 111,676 shares of the company’s stock, valued at approximately $1,636,053.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,801 shares of company stock valued at $317,080. Company insiders own 20.40% of the company’s stock.

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About Model N

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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