.png "Model N (NYSE: MODN)")
In a report issued on August 28, Patrick Walravens from JMP Securities reiterated a Buy rating on Model N (NYSE: MODN), with a price target of $25. The company’s shares closed on Friday at $17.
According to TipRanks.com, Walravens is a 5-star analyst with an average return of 20.2% and a 73.1% success rate. Walravens covers the Technology sector, focusing on stocks such as Ultimate Software, Salesforce.com, and Veeva Systems.
Currently, the analyst consensus on Model N is a Moderate Buy with an average price target of $24.
See today’s analyst top recommended stocks >>
Based on Model N’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $15.44 million. In comparison, last year the company had a GAAP net loss of $10.44 million.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Model N, Inc. engages in the provision of revenue management cloud solutions for the life science and technology industries. It solutions include two complementary suites of software applications: Revenue Management Enterprise and Revenue Management Intelligence.
