Stock of The Day: Could Model N Inc See a Reversal After This Very Strong Session?

Stock of The Day: Could Model N Inc See a Reversal After This Very Strong Session?

The stock of Model N Inc (NYSE:MODN) is a huge mover today! About 108,037 shares traded hands. Model N Inc (NYSE:MODN) has declined 22.93% since April 20, 2016 and is downtrending. It has underperformed by 27.49% the S&P500.
The move comes after 9 months positive chart setup for the $225.77 million company. It was reported on Nov, 22 by Barchart.com. We have $9.28 PT which if reached, will make NYSE:MODN worth $13.55M more.

Model N Inc (NYSE:MODN) Ratings Coverage

Out of 5 analysts covering Model N Inc (NYSE:MODN), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Model N Inc has been the topic of 5 analyst reports since February 16, 2016 according to StockzIntelligence Inc. Craig Hallum initiated the shares of MODN in a report on Tuesday, February 16 with “Buy” rating. The firm has “Market Perform” rating by JMP Securities given on Tuesday, August 9. The firm has “Buy” rating by Deutsche Bank given on Tuesday, August 9. The rating was upgraded by JP Morgan to “Overweight” on Friday, November 11. The company was maintained on Wednesday, November 16 by Stifel Nicolaus.

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 decreased to 0.82 in Q2 2016. Its down 1.83, from 2.65 in 2016Q1. The ratio turned negative, 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 New York-based New York State Common Retirement Fund has invested 0% in Model N Inc (NYSE:MODN). California State Teachers Retirement Systems has 0% invested in the company for 46,584 shares. D E Shaw last reported 216,293 shares in the company. Bnp Paribas Arbitrage, a New York-based fund reported 859 shares. Blackrock Advsr Ltd Llc has 0% invested in the company for 10,930 shares. Bankshares Of America De last reported 0% of its portfolio in the stock. Vanguard has invested 0% of its portfolio in Model N Inc (NYSE:MODN). The New York-based Amer Interest Grp has invested 0% in Model N Inc (NYSE:MODN). Renaissance Technologies Lc accumulated 621,900 shares or 0.02% of the stock. Manufacturers Life Insur The owns 17,152 shares or 0% of their US portfolio. Nationwide Fund Advisors has invested 0% of its portfolio in Model N Inc (NYSE:MODN). Penn Capital Mgmt, a Pennsylvania-based fund reported 1.51 million shares. Thomson Horstmann And Bryant holds 0.11% or 61,559 shares in its portfolio. First Light Asset Management Ltd Liability, a Minnesota-based fund reported 397,152 shares. Geode Cap Mngmt Ltd owns 126,779 shares or 0% of their US portfolio.

Insider Transactions: Since August 16, 2016, the stock had 0 insider buys, and 1 insider sale for $42,769 net activity. Carrasquilla Eric sold 4,031 shares worth $42,769.

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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