The stock of Model N Inc (NYSE:MODN) hit a new 52-week low and has $6.45 target or 14.00% below today’s $7.50 share price. The 6 months bearish chart indicates high risk for the $196.75 million company. The 1-year low was reported on Nov, 10 by Barchart.com. If the $6.45 price target is reached, the company will be worth $27.55 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 805,303 shares traded hands or 625.31% up from the average. Model N Inc (NYSE:MODN) has declined 30.46% since April 8, 2016 and is downtrending. It has underperformed by 36.11% 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. Deutsche Bank maintained the stock with “Buy” rating in Tuesday, August 9 report. The stock of Model N Inc (NYSE:MODN) earned “Buy” rating by Craig Hallum on Tuesday, February 16. The stock has “Market Perform” rating given by JMP Securities 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.
The California-based Granite Invest Prns Limited Liability Corporation has invested 0.21% in Model N Inc (NYSE:MODN). Tower Limited Liability (Trc) has 2,414 shares for 0% of their US portfolio. Teachers Advsrs has 33,699 shares for 0% of their US portfolio. Wasatch Advsr Inc accumulated 0.02% or 105,000 shares. Moreover, Blackrock Limited Liability has 0% invested in Model N Inc (NYSE:MODN) for 10,930 shares. Deutsche Fincl Bank Ag accumulated 0% or 15,565 shares. National Bank & Trust Of Montreal Can, a Ontario – Canada-based fund reported 1,931 shares. Geode Management Ltd holds 126,779 shares or 0% of its portfolio. Tiaa Cref Ltd Liability Corp last reported 69,166 shares in the company. Allianz Asset Mgmt Ag, a Germany-based fund reported 252,663 shares. Amici Capital Llc reported 420,975 shares or 1.06% of all its holdings. Jpmorgan Chase accumulated 0% or 1,352 shares. Legal General Gp Plc has 0% invested in the company for 4,253 shares. Renaissance Techs Ltd Liability Corporation holds 0.02% or 621,900 shares in its portfolio. Goldman Sachs Gru has 0% invested in the company for 19,832 shares.
Insider Transactions: Since May 17, 2016, the stock had 0 insider purchases, and 2 selling transactions for $152,365 net activity. Tisdel Mark sold $109,596 worth of Model N Inc (NYSE:MODN) on Tuesday, May 17. Shares for $42,769 were sold by Carrasquilla Eric on Tuesday, August 16.
Another recent and important Model N Inc (NYSE:MODN) news was published by Businesswire.com which published an article titled: “Model N Announces Fourth Quarter and Fiscal Year 2015 Financial Results” on November 09, 2015.
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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