Model N (NYSE:MODN) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Model N (NYSE:MODN) posted its earnings results on Monday. The software maker reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02), Briefing.com reports. The business had revenue of $65.10 million for the quarter, compared to analyst estimates of $64.45 million. Model N had a negative net margin of 12.48% and a positive return on equity of 5.79%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.05) EPS.

Model N Stock Down 0.0 %

Model N stock opened at $29.76 on Thursday. The company has a debt-to-equity ratio of 2.26, a current ratio of 4.00 and a quick ratio of 4.00. Model N has a fifty-two week low of $20.90 and a fifty-two week high of $35.96. The firm has a fifty day moving average price of $27.78 and a two-hundred day moving average price of $26.23. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of -35.43 and a beta of 0.68.

Analyst Ratings Changes

A number of research firms recently issued reports on MODN. Needham & Company LLC restated a “hold” rating on shares of Model N in a research report on Tuesday. Robert W. Baird reissued a “neutral” rating and set a $30.00 price target on shares of Model N in a report on Monday, April 8th. Craig Hallum reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Model N in a report on Tuesday, April 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $30.00 price objective on shares of Model N in a research report on Tuesday, April 9th. Finally, JMP Securities restated a “market perform” rating on shares of Model N in a research report on Monday. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Model N has an average rating of “Hold” and an average price target of $31.80.

Insiders Place Their Bets

In related news, Director Dave Yarnold sold 5,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $26.88, for a total value of $134,400.00. Following the completion of the transaction, the director now directly owns 22,012 shares of the company’s stock, valued at $591,682.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Dave Yarnold sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $26.88, for a total transaction of $134,400.00. Following the completion of the transaction, the director now owns 22,012 shares in the company, valued at approximately $591,682.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Christopher Lyon sold 8,124 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $25.26, for a total value of $205,212.24. Following the completion of the sale, the executive now owns 229,721 shares in the company, valued at $5,802,752.46. The disclosure for this sale can be found here. Insiders have sold a total of 72,616 shares of company stock valued at $1,897,243 in the last three months. Company insiders own 2.55% of the company’s stock.

Model N Company Profile

Model N, Inc provides cloud revenue management solutions for life sciences and high-tech companies in the United States and internationally. The company offers Global Pricing Management, which minimizes price erosion of products; Global Tender Management that enhances revenue by enabling segmentation and targeting, optimal bid pricing, and post-award tracking; Provider Management, which minimizes rebate overpayments; Payer Management that minimizes revenue leakage and noncompliance of complex contracts; Government Pricing, which optimizes revenue, and reduces the risk of fines and other penalties; and Medicaid that enhances compliance with regulatory requirements and payments of rebate claims on a timely basis and at correct rates for government Medicaid programs, as well as Validata, State Pricing Transparency Management, Advanced Membership Management, and Intelligence Cloud.