It Seems Model N Inc (NYSE:MODN) Will Go Up. Just Reported Less Shorted Shares

March 21, 2018 - By Henry Gaston

 It Seems Model N Inc (NYSE:MODN) Will Go Up. Just Reported Less Shorted Shares

Investors sentiment decreased to 1.62 in 2017 Q3. Its down 0.77, from 2.39 in 2017Q2. It worsened, as 8 investors sold Model N, Inc. shares while 18 reduced holdings. 17 funds opened positions while 25 raised stakes. 16.24 million shares or 1.63% more from 15.98 million shares in 2017Q2 were reported.
Jpmorgan Chase & owns 0% invested in Model N, Inc. (NYSE:MODN) for 15,586 shares. D E Shaw And Incorporated holds 0.01% in Model N, Inc. (NYSE:MODN) or 250,976 shares. Pnc Financial Service Grp Inc Inc reported 184 shares. Vanguard Group Incorporated reported 1.01M shares. Emerald Advisers Pa invested in 0.47% or 771,762 shares. Penn Cap Mngmt owns 592,788 shares. Redmile Gp Ltd Limited Liability Company has invested 0.62% in Model N, Inc. (NYSE:MODN). Moreover, Pdts Ptnrs Ltd Liability Corp has 0.02% invested in Model N, Inc. (NYSE:MODN) for 47,799 shares. National Bank Of America Corporation De has 0% invested in Model N, Inc. (NYSE:MODN) for 1,983 shares. Us Savings Bank De has invested 0% in Model N, Inc. (NYSE:MODN). California State Teachers Retirement invested 0% of its portfolio in Model N, Inc. (NYSE:MODN). Essex Inv Limited owns 120,472 shares. 2.16M were accumulated by Soros Fund Ltd Liability. Royal National Bank Of Canada stated it has 2,051 shares or 0% of all its holdings. Massachusetts Ma reported 0% stake.

Since February 15, 2018, it had 0 insider buys, and 3 insider sales for $234,062 activity. 1,628 shares valued at $27,578 were sold by Gokhale Neeraj on Thursday, February 15.

The stock of Model N Inc (NYSE:MODN) registered a decrease of 1.32% in short interest. MODN’s total short interest was 343,700 shares in March as published by FINRA. Its down 1.32% from 348,300 shares, reported previously. With 144,000 shares average volume, it will take short sellers 2 days to cover their MODN’s short positions. The short interest to Model N Inc’s float is 1.67%.

The stock decreased 0.55% or $0.1 during the last trading session, reaching $18.1. About 134,741 shares traded. Model N, Inc. (NYSE:MODN) has risen 18.66% since March 21, 2017 and is uptrending. It has outperformed by 1.96% the S&P500.

Model N, Inc. provides revenue management cloud solutions for the life science and technology industries. The company has market cap of $533.64 million. The firm develops applications, such as managed care and government pricing for life science companies; and channel incentives based on design wins for technology companies. It currently has negative earnings. It offers Revenue Enterprise Cloud, a set of transactional applications that serve as a system of record for, and automate the execution of revenue management processes, such as pricing, contracting, compliance, incentive, and rebate management.

Model N, Inc. (NYSE:MODN) Ratings Coverage

Among 9 analysts covering Model N Inc (NYSE:MODN), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Model N Inc has $20 highest and $9 lowest target. $16.50’s average target is -8.84% below currents $18.1 stock price. Model N Inc had 11 analyst reports since February 16, 2016 according to SRatingsIntel. The company was reinitiated on Tuesday, December 19 by Dougherty & Company. The rating was upgraded by JP Morgan to “Overweight” on Friday, November 11. The company was maintained on Wednesday, November 16 by Stifel Nicolaus. Craig Hallum initiated the shares of MODN in report on Tuesday, February 16 with “Buy” rating. The stock of Model N, Inc. (NYSE:MODN) earned “Hold” rating by J.P. Morgan on Tuesday, December 12. The rating was maintained by Deutsche Bank with “Buy” on Tuesday, August 9. The stock has “Buy” rating by JMP Securities on Wednesday, February 7. The rating was downgraded by Craig Hallum to “Hold” on Tuesday, December 13. The firm has “Market Perform” rating given on Tuesday, August 9 by JMP Securities.

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