Model N (MODN) Getting Positive News Coverage, Study Shows

Media stories about Model N (NYSE:MODN) have been trending positive recently, according to AlphaOne Sentiment Analysis. The research group, a division of Accern, ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Model N earned a news impact score of 0.26 on AlphaOne’s scale. AlphaOne also gave press coverage about the software maker an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the near term.

Insider Buying and Selling by Quarter for Model N (NYSE:MODN)

Shares of Model N (MODN) opened at 13.15 on Friday. The stock’s 50 day moving average is $12.42 and its 200 day moving average is $10.35. Model N has a 12 month low of $6.97 and a 12 month high of $13.87. The firm’s market cap is $378.73 million.

Model N (NYSE:MODN) last issued its quarterly earnings data on Monday, May 8th. The software maker reported ($0.34) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.01. The business had revenue of $33.30 million during the quarter, compared to analyst estimates of $33.74 million. Model N had a negative net margin of 30.99% and a negative return on equity of 50.03%. The firm’s quarterly revenue was up 27.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.21) EPS. Analysts forecast that Model N will post ($0.66) EPS for the current fiscal year.

MODN has been the subject of a number of research analyst reports. Craig Hallum raised shares of Model N from a “hold” rating to a “buy” rating in a research note on Tuesday, May 9th. Chardan Capital initiated coverage on shares of Model N in a research note on Friday, May 19th. They issued a “buy” rating and a $16.00 target price for the company. Finally, Zacks Investment Research downgraded shares of Model N from a “hold” rating to a “sell” rating in a research note on Friday, May 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $12.67.

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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.

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