Brokerage firm JMP Securities Downgrades its rating on Model N Inc(NYSE:MODN). The shares have been rated Market Perform. Previously, the analysts had a Market Outperform rating on the shares. The rating by JMP Securities was issued on Aug 9, 2016.
Model N Inc (MODN) shares turned negative on Wednesdays trading session with the shares closing down -0.08 points or -0.76% at a volume of 1,01,851. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10.57. The peak price level was also seen at $10.57 while the days lowest was $10.36. Finally the shares closed at $10.48. The 52-week high of the shares is $13.9799 while the 52-week low is $9.19. According to the latest information available, the market cap of the company is $288 M.
Model N Inc(MODN) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $27.92M. Analysts had an estimated revenue of $27.34M. Earnings per share were $-0.16. Analysts had estimated an EPS of $-0.20.
Several Insider Transactions has been reported to the SEC. On May 18, 2016, Mark Tisdel (SVP & Chief Financial Officer) sold 10,528 shares at $10.41 per share price.Also, On Feb 22, 2016, Christopher Larsen (SVP and Chief Customer Officer) sold 1,125 shares at $9.92 per share price.On May 19, 2015, Shail Khiyara (SVP and Chief Marketing Office) sold 5,277 shares at $11.28 per share price, according to the Form-4 filing with the securities and exchange commission.
Model N Inc is a United States-based company which provides revenue management solutions for the life science and technology industries. The Companys solutions enable its customers to maximize revenue and reduce revenue compliance risk by transforming their revenue life cycle from a series of tactical disjointed operations into a strategic end-to-end process. Its customers use its application suites to manage functions such as pricing contracting incentives and rebates. The Company offers Model N Cloud a revenue management software-as-a-service (SaaS) solution that provides access to the revenue management platform for organizations to manage their revenue life cycles across various product lines divisions and countries; and Model N Education for providing instructor-led classroom training in Redwood Shores California and Princeton New Jersey.