Model N MODN Rating Shifts from 'Buy' to 'Hold' by Analysts at StockNews.com

Investors holding shares of Model N, Inc. MODN, a prominent provider of cloud revenue management solutions for the life sciences and high-tech industries, observed a notable change in the company's stock rating. StockNews.com shifted their position regarding MODN from a confident 'buy' rating to a more neutral 'hold' stance. The adjustment in the rating was reported in a piece of analytical research disseminated on a Sunday.

Analyst Perspectives on Model N MODN

The downgrade of MODN by StockNews.com follows a series of varied insights from other equity research analysts. Craig Hallum made a significant adjustment by reducing their price objective on MODN shares from $38.00 to $33.00. Likewise, Truist Financial made cuts to their price target, bringing it down from $52.00 to $40.00. BTIG Research altered their rating from 'buy' to 'neutral', signaling a shift in their outlook on MODN. Jefferies Financial Group and Robert W. Baird also trimmed their price objectives for Model N to $36.00 and $35.00, respectively, from previously higher targets.

Despite the downgrades, the overall sentiment among research analysts remains somewhat positive. Presently, four analysts recommend holding MODN, while four maintain a buy rating. The composite view from MarketBeat.com assigns MODN an average rating of 'Moderate Buy' and forecasts a consensus target price at around $37.30.

Financial Position and Stock Performance of Model N MODN

MODN started trading at $21.43 on a recent Friday, showing a substantial decrease of 15.5% in its stock value. The company's financial ratios expose a debt-to-equity ratio at 2.70, with liquidity ratios such as a quick ratio and a current ratio both at 4.13. Looking into MODN's history, the stock fluctuated between a 52-week low of $20.90 and a high of $43.18. The moving averages over the past span of days and months — 50-day at $24.70 and 200-day at $29.19 — might reflect bearish momentum, with the market capitalization hovering around $823.77 million and exhibiting a negative P/E ratio of -23.81, in addition to a beta value standing at 0.76.

Insider Trades and Institutional Movements in MODN

The company's insiders have been active in the market, with CEO Jason Blessing selling 9,609 shares at an average price of $27.97, post this transaction, Blessing retains 674,190 shares with a value just shy of $18.86 million. This was disclosed through SEC filings. Moreover, other insiders aggregated sales totaling upwards of $722,491 over the last quarter.

Discussing institutional investors, several have adjusted their holdings in MODN. Deutsche Bank AG grew its position by 12.5%, while Skandinaviska Enskilda Banken AB publ expanded its shares by a remarkable 70.8%. UBS Group AG enhanced its holdings by 48.2%, and Artisan Partners Limited Partnership boosted their stake by purchasing an additional 421,952 shares. New investments were also noted, such as Campbell & CO Investment Adviser LLC acquiring a new position in Model N during the same quarter.

About Model N, Inc. MODN

Based in San Mateo, California, Model N, Inc. specializes in delivering cloud-based revenue management solutions to life sciences and high-tech firms. Their suite of solutions is designed to assist companies in managing the complexities of pricing and compliance across global markets, ensuring revenue optimization and adherence to regulatory standards.

ModelN, StockRating, Analysts