Shares of Model N Inc (NASDAQ:MODN) have been given an average broker rating score of 2.50 (Hold) from the four analysts that provide coverage for the company, Zacks Investment Research reports. Three research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company.
Brokerages have set a one year consensus price objective of $14.00 for the company and are expecting that the company will post ($0.28) EPS for the current quarter, according to Zacks. Zacks has also assigned Model N an industry rank of 41 out of 265 based on the ratings given to its competitors.
Model N (NASDAQ:MODN) opened at 11.16 on Monday. The company has a 50-day moving average price of $11.08 and a 200 day moving average price of $10.87. The stock’s market capitalization is $297.59 million. Model N has a 1-year low of $9.75 and a 1-year high of $12.70.
Model N (NASDAQ:MODN) last posted its earnings results on Monday, November 9th. The company reported ($0.07) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. The company had revenue of $25.40 million for the quarter, compared to the consensus estimate of $24.80 million. During the same period last year, the company posted ($0.13) earnings per share. The firm’s revenue for the quarter was up 25.1% compared to the same quarter last year. On average, equities analysts predict that Model N will post ($0.65) EPS for the current year.
In related news, SVP Christopher Larsen sold 8,506 shares of the company’s stock in a transaction on Tuesday, November 17th. The shares were sold at an average price of $10.43, for a total value of $88,717.58. Following the completion of the sale, the senior vice president now directly owns 86,517 shares in the company, valued at $902,372.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
MODN has been the subject of several recent research reports. Zacks Investment Research lowered Model N from a “hold” rating to a “sell” rating in a report on Friday, October 2nd. Deutsche Bank reiterated a “buy” rating and set a $18.00 price objective on shares of Model N in a research report on Wednesday, November 11th.
Model N Inc is a United States-based company, which provides revenue management solutions for the life science and technology industries. The Company’s solutions enable its customers to maximize revenue 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. Its customers use its application suites to manage functions, such as pricing, contracting, incentives, and rebates. The Company offers Model N Cloud, a revenue management software-as-a-service (NASDAQ:MODN) solution that provides access to the revenue management platform for organizations to manage their revenue life cycles across various product lines, divisions, and countries; and Model N Education for providing instructor-led, classroom training in Redwood Shores, California, and Princeton, New Jersey.
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