On March 27, 2023,
Morgan Stanley
initiated coverage of Model N with
a Overweight recommendation.
Analyst Price Forecast Suggests 51.64% Upside
As of March 26, 2023,
the average one-year price target for Model N is $48.45.
The forecasts range from a low of $45.45 to a high of $54.60.
The average price target represents an increase of 51.64% from its latest reported closing price of $31.95.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Model N
is $248MM, an increase of 9.43%.
The projected annual non-GAAP EPS
is $0.95.
What are Large Shareholders Doing?
Conestoga Capital Advisors
holds 3,773K shares
representing 10.00% ownership of the company.
In it’s prior filing, the firm reported owning 4,870K shares, representing
a decrease
of 29.07%.
The firm
decreased
its portfolio allocation in MODN by 12.21% over the last quarter.
Neuberger Berman Group
holds 2,996K shares
representing 7.94% ownership of the company.
In it’s prior filing, the firm reported owning 3,147K shares, representing
a decrease
of 5.02%.
The firm
decreased
its portfolio allocation in MODN by 99.95% over the last quarter.
Artisan Partners Limited Partnership
holds 2,591K shares
representing 6.87% ownership of the company.
In it’s prior filing, the firm reported owning 3,101K shares, representing
a decrease
of 19.68%.
The firm
decreased
its portfolio allocation in MODN by 99.90% over the last quarter.
CCASX – Conestoga Small Cap Fund Investors Class
holds 2,567K shares
representing 6.80% ownership of the company.
In it’s prior filing, the firm reported owning 3,315K shares, representing
a decrease
of 29.14%.
The firm
decreased
its portfolio allocation in MODN by 9.99% over the last quarter.
Clearbridge Investments
holds 2,346K shares
representing 6.22% ownership of the company.
In it’s prior filing, the firm reported owning 2,321K shares, representing
an increase
of 1.07%.
The firm
decreased
its portfolio allocation in MODN by 99.88% over the last quarter.
What is the Fund Sentiment?
There are 388 funds or institutions reporting positions in Model N.
This is an increase
of
45
owner(s) or 13.12% in the last quarter.
Average portfolio weight of all funds dedicated to MODN is 0.25%,
a decrease
of 1.42%.
Total shares owned by institutions increased
in the last three months by 1.16% to 50,323K shares.
The put/call ratio of MODN is 0.64, indicating a
bullish
outlook.
Model N Background Information
(This description is provided by the company.)
Model N enables life sciences and high tech companies to drive growth and market share, minimizing revenue leakage throughout the revenue lifecycle. With deep industry expertise and solutions purpose-built for these industries, Model N delivers comprehensive visibility, insight and control over the complexities of commercial operations and compliance. Our integrated cloud solution is proven to automate pricing, incentive and contract decisions to scale business profitably and grow revenue. Model N is trusted across more than 120 countries by the world’s leading pharmaceutical, medical technology, semiconductor, and high tech companies, including Johnson & Johnson, AstraZeneca, Stryker, Seagate Technology, Broadcom and Microchip Technology.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
