Somewhat Critical Press Coverage Somewhat Unlikely to Affect Model N (MODN) Stock Price

Media coverage about Model N (NYSE:MODN) has trended somewhat negative this week, Accern reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news 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 media sentiment score of -0.06 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 45.8167738650138 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news stories that may have impacted Accern’s scoring:

Several research analysts have recently commented on the company. Zacks Investment Research raised Model N from a “sell” rating to a “hold” rating in a report on Monday, July 10th. BidaskClub raised Model N from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Model N currently has an average rating of “Hold” and an average target price of $13.67.

Model N (NYSE:MODN) traded down $0.10 during trading hours on Friday, reaching $14.20. The company’s stock had a trading volume of 108,414 shares, compared to its average volume of 68,578. Model N has a 12-month low of $6.97 and a 12-month high of $15.05. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.23 and a current ratio of 1.23.

Model N (NYSE:MODN) last posted its quarterly earnings data on Tuesday, August 8th. The software maker reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.04. Model N had a negative return on equity of 52.59% and a negative net margin of 30.85%. The firm had revenue of $34.20 million for the quarter, compared to the consensus estimate of $34.41 million. During the same quarter in the prior year, the business earned ($0.16) EPS. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. analysts expect that Model N will post -0.95 earnings per share for the current year.

In other Model N news, SVP Amelia Generalis sold 6,298 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $13.35, for a total transaction of $84,078.30. Following the completion of the sale, the senior vice president now owns 70,436 shares in the company, valued at approximately $940,320.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David Barter sold 3,596 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $14.65, for a total transaction of $52,681.40. Following the sale, the chief financial officer now owns 111,676 shares of the company’s stock, valued at approximately $1,636,053.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,652 shares of company stock worth $186,741. Company insiders own 20.40% of the company’s stock.

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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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