Model N MODN Downgraded from Buy to Hold by StockNews.com

Model N, Inc., a company that offers cloud-based revenue management solutions to industries such as life sciences and high tech, has recently seen a shift in its stock analyst ratings. The firm, which trades under the ticker symbol MODN on the NYSE, has experienced a downgrade by analysts at StockNews.com, moving from a 'buy' rating to a 'hold' stance in a report that emerged on Sunday.

Analyst Perspectives on MODN

Model N's stock has been the subject of various reports from multiple equities research analysts. For instance, Craig Hallum adjusted their price target on MODN shares, bringing it down from $38.00 to $33.00. Additionally, Truist Financial cut their price target from $52.00 to $40.00. BTIG Research also shifted their rating, going from 'buy' to 'neutral' status. Jefferies Financial Group lowered their price target on the shares from $40.00 to $36.00, while Robert W. Baird brought their target down from $40.00 to $35.00. Collectively, these adjustments reflect a more cautious view on the stock's performance potential.

Despite these revisions, MODN still holds an aggregate rating of 'Moderate Buy' according to the consensus from MarketBeat.com, with a consensus target price standing at around $37.30.

Recent Performance of MODN

The company's shares opened at $21.43 on the preceding Friday, indicating a notable decline in stock value. Model N has reported financial metrics such as a debt-to-equity ratio of 2.70, a quick ratio of 4.13, and a current ratio mirroring the same figure, which are critical indicators of financial health. The 52 week range showcases a low of $20.90 and a high of $43.18, demonstrating the potential volatility in the stock's valuation. Furthermore, the stock's 50-day moving average was cited at $24.70, and a 200-day moving average was positioned at $29.19. With a beta of 0.76, MODN's stock reveals a lower volatility when compared to the broader market.

Insider Trading at Model N

The dynamics within the company have also been shaped by insider activities. Jason Blessing, the CEO of Model N, sold 9,609 shares at an average price of $27.97. Post-transaction, Blessing holds 674,190 shares valued at approximately $18.86 million. Moreover, insider Rehmann Rayani offloaded 2,718 shares at the same price, totalizing transactions worth over $76,000. Over the last three months, insiders have sold 26,851 shares, totaling around $722,491, with insiders owning about 2.30% of the company's stock.

Institutional Investments

Institutional investors have shown varied interest in MODN. Deutsche Bank AG, for example, increased its holdings by 12.5%, owning 20,879 shares worth $510,000. Other institutions like Skandinaviska Enskilda Banken AB publ and UBS Group AG also raised their positions significantly during the same period. Artisan Partners Limited Partnership now holds 3,310,207 shares valued at over $80 million, marking a substantial escalation. Additionally, new stakes were established by entities such as Campbell & CO Investment Adviser LLC, showcasing ongoing institutional confidence and adjustments in the stock.

MODN Company Profile

Headquartered in San Mateo, California, Model N, Inc. MODN specializes in offering innovative cloud solutions specifically tailored for revenue management in the life sciences and high-tech sectors. Their suite of products facilitates various operational aspects such as global pricing, tender management, payer and provider management, government pricing, and compliance with Medicaid programs. The solutions provided by Model N aim to optimize revenue streams while mitigating risks associated with pricing and regulatory adherence.

Investment, Technology, Healthcare