Model N Receives a New Rating from Top Analyst

By Ryan Adsit

Model N (NYSE: MODN) received a Buy rating from J.P. Morgan analyst Sterling Auty today. The company’s shares closed yesterday at $7.45.

According to, Auty is a top 100 analyst with an average return of 15.1% and a 64.2% success rate. Auty covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, CSG Systems International, and Synchronoss Technologies.

Model N has an analyst consensus of Moderate Buy.

Based on Model N’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $27.92 million and GAAP net loss of $8.65 million. In comparison, last year the company earned revenue of $25.38 million and had a GAAP net loss of $4.96 million.

Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is neutral on the stock. Most recently, in August 2016, Carrasquilla Eric, the SVP, Product Management of MODN sold 4,031 shares for a total of $42,769.

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. The Revenue Management Enterprise suite serves as the system of record for and automates the execution of, revenue management processes such as pricing, contracting and incentive and rebate management. The Revenue Management Intelligence suite provides analytical insights to define and optimize revenue management strategies. Each of these suites consists of a number of applications, which can be purchased together or as separate stand-alone applications. The company was founded by Yarden Malka, Zack Rinat and Ali Tore on December 14, 1999 and is headquartered in Redwood Shores, CA.