Model N (NYSE:MODN) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of ($0.10)-($0.03) for the period, compared to the Thomson Reuters consensus estimate of ($0.16). The company issued revenue guidance of $149.0-$151.0 million, compared to the consensus revenue estimate of $149.25 million.Model N also updated its Q2 guidance to ($0.05)-($0.03) EPS.
A number of analysts have commented on the company. JMP Securities raised Model N from a market perform rating to an outperform rating in a research report on Wednesday. ValuEngine raised Model N from a sell rating to a hold rating in a research report on Friday, February 2nd. Zacks Investment Research cut Model N from a buy rating to a hold rating in a research report on Tuesday, January 9th. BidaskClub cut Model N from a strong-buy rating to a buy rating in a research report on Tuesday, October 10th. Finally, JPMorgan Chase & Co. cut Model N from an overweight rating to a neutral rating and set a $18.00 price target for the company. in a research report on Tuesday, December 12th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $18.00.
Shares of Model N (NYSE MODN) opened at $13.75 on Wednesday. Model N has a 52-week low of $9.60 and a 52-week high of $16.75. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $415.58, a PE ratio of -9.96 and a beta of 1.06.
In other Model N news, Director Alan S. Henricks sold 4,730 shares of Model N stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $14.59, for a total transaction of $69,010.70. Following the completion of the transaction, the director now owns 40,134 shares in the company, valued at approximately $585,555.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan S. Henricks sold 13,475 shares of Model N stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $14.50, for a total value of $195,387.50. Following the transaction, the director now owns 40,134 shares of the company’s stock, valued at approximately $581,943. The disclosure for this sale can be found here. Insiders own 18.90% 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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