Somewhat Favorable News Coverage Somewhat Unlikely to Impact Model N (MODN) Stock Price

Headlines about Model N (NYSE:MODN) have been trending somewhat positive on Sunday, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Model N earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news coverage about the software maker an impact score of 45.9805485696866 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

MODN has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Model N from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Monday, March 12th. ValuEngine upgraded shares of Model N from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. JPMorgan Chase set a $20.00 price target on shares of Model N and gave the company a “hold” rating in a report on Wednesday, March 14th. They noted that the move was a valuation call. Finally, JMP Securities upgraded shares of Model N from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Model N has an average rating of “Buy” and a consensus target price of $19.25.

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Shares of MODN remained flat at $$17.65 during mid-day trading on Friday. 113,145 shares of the company’s stock were exchanged, compared to its average volume of 156,078. The firm has a market cap of $520.37, a price-to-earnings ratio of -21.27 and a beta of 0.80. Model N has a 52 week low of $10.00 and a 52 week high of $18.90. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.15 and a current ratio of 1.15.

Model N (NYSE:MODN) last announced its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.09. The company had revenue of $39.10 million for the quarter, compared to analyst estimates of $37.14 million. Model N had a negative net margin of 26.17% and a negative return on equity of 55.03%. Model N’s revenue for the quarter was up 39.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.15) EPS. equities research analysts anticipate that Model N will post -0.57 EPS for the current year.

In related news, SVP Neeraj Gokhale sold 1,628 shares of Model N stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $16.94, for a total transaction of $27,578.32. Following the transaction, the senior vice president now owns 81,389 shares in the company, valued at approximately $1,378,729.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mark Albert Anderson sold 10,153 shares of Model N stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $16.65, for a total transaction of $169,047.45. The disclosure for this sale can be found here. 18.90% of the stock is owned by company insiders.

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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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