Stock On Watch: Model N Inc Just Reaches All-Time Low?

Stock On Watch: Model N Inc Just Reaches All Time Low?

The stock of Model N Inc (NYSE:MODN) reached all time low today, Nov, 8 and still has $6.58 target or 14.00% below today’s $7.65 share price. This indicates more downside for the $214.85 million company. This technical setup was reported by Barchart.com. If the $6.58 PT is reached, the company will be worth $30.08M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 179,066 shares traded hands or 143.43% up from the average. Model N Inc (NYSE:MODN) has declined 5.87% since April 5, 2016 and is downtrending. It has underperformed by 7.82% the S&P500.

Analysts await Model N Inc (NYSE:MODN) to report earnings on November, 14. They expect $-0.25 earnings per share, down 38.89% or $0.07 from last year’s $-0.18 per share. After $-0.29 actual earnings per share reported by Model N Inc for the previous quarter, Wall Street now forecasts -13.79% EPS growth.

Model N Inc (NYSE:MODN) Ratings Coverage

Out of 3 analysts covering Model N Inc (NYSE:MODN), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Model N Inc has been the topic of 3 analyst reports since February 16, 2016 according to StockzIntelligence Inc. JMP Securities downgraded the shares of MODN in a report on Tuesday, August 9 to “Market Perform” rating. The firm earned “Buy” rating on Tuesday, February 16 by Craig Hallum. The rating was maintained by Deutsche Bank with “Buy” on Tuesday, August 9.

According to Zacks Investment Research, “Model N, Inc. provides revenue management solutions for the life science and technology industries. It develops applications, such as managed care and government pricing for life science companies; and channel incentives based on design wins for technology companies. In addition, it offers implementation, managed, strategic, and customer support services. Model N, Inc. is headquartered in Redwood Shores, California.”

Insitutional Activity: The institutional sentiment increased to 2.65 in 2016 Q2. Its up 1.58, from 1.07 in 2016Q1. The ratio increased, as 3 funds sold all Model N Inc shares owned while 14 reduced positions. 18 funds bought stakes while 27 increased positions. They now own 18.10 million shares or 3.33% more from 17.52 million shares in 2016Q1.
American Grp holds 12,789 shares or 0% of its portfolio. Blackrock Advsrs Lc accumulated 10,930 shares or 0% of the stock. Federated Investors Pa, a Pennsylvania-based fund reported 162 shares. Bank & Trust Of America De accumulated 678 shares or 0% of the stock. Blackrock Fund holds 577,240 shares or 0% of its portfolio. Parametric Associate Lc owns 24,044 shares or 0% of their US portfolio. Portolan Capital Mngmt Lc last reported 1.06% of its portfolio in the stock. Emerald Mutual Fund Advisers, a Pennsylvania-based fund reported 619,765 shares. Fincl Bank Of Montreal Can accumulated 1,931 shares or 0% of the stock. Voya Investment Mngmt Lc holds 13,048 shares or 0% of its portfolio. Moreover, Schwab Charles Management has 0% invested in Model N Inc (NYSE:MODN) for 28,300 shares. Blackrock holds 0% of its portfolio in Model N Inc (NYSE:MODN) for 1,320 shares. Vanguard Incorporated holds 0% or 843,969 shares in its portfolio. Teachers Advsrs last reported 33,699 shares in the company. Jpmorgan Chase & Company last reported 0% of its portfolio in the stock.

Insider Transactions: Since May 17, 2016, the stock had 0 buys, and 2 selling transactions for $152,365 net activity. Another trade for 10,528 shares valued at $109,596 was made by Tisdel Mark on Tuesday, May 17. Carrasquilla Eric had sold 4,031 shares worth $42,769.

More recent Model N Inc (NYSE:MODN) news were published by: Businesswire.com which released: “Model N Announces Fourth Quarter and Fiscal Year 2015 Financial Results” on November 09, 2015. Also Businesswire.com published the news titled: “Model N Welcomes Eric Carrasquilla to Executive Team as Senior Vice President …” on August 10, 2015. Nasdaq.com‘s news article titled: “Model N (MODN) Q4 Earnings: What’s in the Cards this Time?” with publication date: November 03, 2016 was also an interesting one.

MODN Company Profile

Model N, Inc., incorporated on December 14, 1999, is a well-known provider of revenue management cloud solutions for life science and technology companies. The Company’s solutions enable its clients to manage revenue compliance risk. The Company’s solutions include Revenue Enterprise Cloud, Revenue Intelligence Cloud and Revvy. The Firm provides solutions that span the organizational and operational boundaries of functions, such as sales, marketing and finance, and serve as a system of record for revenue management processes, including pricing, contracts, rebates, incentives and regulatory compliance. The Company’s application suites are designed to work with enterprise resource planning (ERP) and customer relationship management (CRM) applications. The Company’s applications also provide clients predictive revenue insight, optimization of sales and marketing investments and offers, and customer profitability intelligence. The Firm also offers implementation services, managed services, strategic services and customer support.

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