Model N (MODN) Receiving Somewhat Favorable News Coverage, Study Finds

News articles about Model N (NYSE:MODN) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern 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 coverage optimism score of 0.20 on Accern’s scale. Accern also assigned media headlines about the software maker an impact score of 45.9213421034672 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

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MODN has been the subject of several research reports. Zacks Investment Research downgraded Model N from a “buy” rating to a “hold” rating in a report on Wednesday, April 11th. Dougherty & Co lifted their target price on Model N from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. JPMorgan Chase set a $20.00 target price on Model N and gave the stock a “hold” rating in a report on Wednesday, March 14th. They noted that the move was a valuation call. ValuEngine raised Model N from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Finally, JMP Securities raised Model N from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Model N has a consensus rating of “Buy” and a consensus target price of $19.25.

Shares of MODN traded up $0.25 during midday trading on Tuesday, reaching $17.55. 54,745 shares of the stock were exchanged, compared to its average volume of 241,937. Model N has a twelve month low of $10.00 and a twelve month 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. The company has a market capitalization of $508.58, a P/E ratio of -21.14 and a beta of 0.79.

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

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

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

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