Model N Inc (NYSE:MODN) shares traded -0.13% lower at $29.66 on Wall Street last session.
MODN stock price is now 12.32% away from the 50-day moving average and 9.82% away from the 200-day moving average. The market capitalization of the company currently stands at $1.16B.
On December 13, 2023, JP Morgan Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $30 to quote $25, while ‘BTIG Research’ rates the stock as ‘Neutral’
In other news, Lyon Christopher, Chief Revenue Officer sold 8,124 shares of the company’s stock on Mar 14 ’24. The stock was sold for $205,212 at an average price of $25.26. Upon completion of the transaction, the Chief Revenue Officer now directly owns 229,721 shares in the company, valued at $6.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 14 ’24, Chief Financial Officer Ederer John sold 8,018 shares of the business’s stock. A total of $202,936 was realized by selling the stock at an average price of $25.31. This leaves the insider owning 307,127 shares of the company worth $9.11 million. A total of 7.23% of the company’s stock is owned by insiders.
During the past 12 months, Model N Inc has had a low of $20.90 and a high of $35.96. As of last week, the company has a debt-to-equity ratio of 2.34, a current ratio of 3.96, and a quick ratio of 3.96. The fifty day moving average price for MODN is $26.41 and a two-hundred day moving average price translates $27.01 for the stock.
The latest earnings results from Model N Inc (NYSE: MODN) was released for Dec, 2023. According to the Software – Application Company, earnings per share came in at $0.28, missing analysts’ expectations of $0.29 by -0.01. This compares to -$0.11 EPS in the same period last year. The net profit margin was -12.48% and return on equity was -26.74% for MODN. The company reported revenue of $63.49 million for the quarter, compared to $59.15 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.33 percent. For the current quarter, analysts expect MODN to generate $64.14M in revenue.
