Model N (MODN) Initiated with a Buy at National Securities Corp

By Carrie Williams

Model N (MODNResearch Report) received a Buy rating and a $23 price target from National Securities Corp analyst Ilya Grozovsky today. The company’s shares closed on Friday at $17.15.

According to, Grozovsky is a 4-star analyst with an average return of 6.9% and a 55.5% success rate. Grozovsky covers the Technology sector, focusing on stocks such as Digital Turbine Inc, Mitek Systems Inc, and RumbleON Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Model N with a $23 average price target, implying a 34.1% upside from current levels. In a report issued on February 6, Oppenheimer also assigned a Buy rating to the stock with a $23 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $20.33 and a one-year low of $12.60. Currently, Model N has an average volume of 220.7K.

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.