Today’s Market Runner: Could Model N Inc See a Reversal After This Very Weak Session?

Today's Market Runner: Could Model N Inc See a Reversal After This Very Weak Session?

The stock of Model N Inc (NYSE:MODN) is a huge mover today! The stock decreased 2.88% or $0.32 on October 3, hitting $10.79. About 54,556 shares traded hands. Model N Inc (NYSE:MODN) has risen 0.84% since March 1, 2016 and is uptrending. It has underperformed by 11.37% the S&P500.
The move comes after 5 months negative chart setup for the $305.68M company. It was reported on Oct, 4 by We have $9.50 PT which if reached, will make NYSE:MODN worth $36.68M less.

Analysts await Model N Inc (NYSE:MODN) to report earnings on November, 14. They expect $-0.25 EPS, down 38.89% or $0.07 from last year’s $-0.18 per share. After $-0.29 actual EPS 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. The stock of Model N Inc (NYSE:MODN) has “Market Perform” rating given on Tuesday, August 9 by JMP Securities. As per Tuesday, February 16, the company rating was initiated by Craig Hallum. Deutsche Bank maintained the shares of MODN in a report on Tuesday, August 9 with “Buy” rating.

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.
Tower Rech Capital Ltd Company (Trc), a New York-based fund reported 2,414 shares. Voya Inv Mgmt Ltd has 13,048 shares for 0% of their US portfolio. Amici Ltd Liability Corporation last reported 420,975 shares in the company. Moreover, Rhumbline Advisers has 0% invested in Model N Inc (NYSE:MODN) for 21,395 shares. Dimensional Fund Advsrs Ltd Partnership holds 0% of its portfolio in Model N Inc (NYSE:MODN) for 11,389 shares. Wasatch Advsrs has invested 0.02% of its portfolio in Model N Inc (NYSE:MODN). Moreover, Retail Bank Of New York Mellon Corp has 0% invested in Model N Inc (NYSE:MODN) for 85,865 shares. Millennium Mgmt Limited Company reported 21,878 shares or 0% of all its holdings. Allianz Asset Ag accumulated 0% or 252,663 shares. Moreover, Citigroup has 0% invested in Model N Inc (NYSE:MODN) for 3,067 shares. Bnp Paribas Arbitrage has invested 0% of its portfolio in Model N Inc (NYSE:MODN). Moreover, State Board Of Administration Of Florida Retirement has 0% invested in Model N Inc (NYSE:MODN) for 19,365 shares. Essex Investment Management Co Ltd has 47,618 shares for 0.11% of their US portfolio. Blackrock Fund Advisors last reported 0% of its portfolio in the stock. Blackrock Invest Management reported 87,531 shares or 0% of all its holdings.

Insider Transactions: Since May 17, 2016, the stock had 0 buys, and 2 sales for $152,365 net activity. On Tuesday, May 17 Tisdel Mark sold $109,596 worth of the stock or 10,528 shares. $42,769 worth of Model N Inc (NYSE:MODN) was sold by Carrasquilla Eric on Tuesday, August 16.

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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