Model N, Inc. (MODN)

NYSE: MODN · IEX Real-Time Price · USD
29.77
-0.03 (-0.10%)
Apr 18, 2024, 4:00 PM EDT - Market closed
-0.10%
Market Cap 1.17B
Revenue (ttm) 253.80M
Net Income (ttm) -31.67M
Shares Out 39.42M
EPS (ttm) -0.84
PE Ratio n/a
Forward PE 22.09
Dividend n/a
Ex-Dividend Date n/a
Volume 962,764
Open 29.84
Previous Close 29.80
Day's Range 29.75 - 29.85
52-Week Range 20.90 - 35.96
Beta 0.70
Analysts Hold
Price Target 32.25 (+8.33%)
Earnings Date May 7, 2024

About MODN

Model N, Inc. provides cloud revenue management solutions for life sciences and high-tech companies in the United States and internationally. The company offers Global Pricing Management, which minimizes price erosion of products; Global Tender Management that enhances revenue by enabling segmentation and targeting, optimal bid pricing, and post-award tracking; Provider Management, which minimizes rebate overpayments; Payer Management that minimizes revenue leakage and noncompliance of complex contracts; Government Pricing, which optimizes reve... [Read more]

Sector Technology
IPO Date Mar 20, 2013
Employees 1,089
Stock Exchange NYSE
Ticker Symbol MODN
Full Company Profile

Financial Performance

In 2023, Model N's revenue was $249.46 million, an increase of 13.82% compared to the previous year's $219.16 million. Losses were -$33.92 million, 18.5% more than in 2022.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for MODN stock is "Hold." The 12-month stock price forecast is $32.25, which is an increase of 8.33% from the latest price.

Price Target
$32.25
(8.33% upside)
Analyst Consensus: Hold
Stock Forecasts

News

ClearBridge asks Model N to reconsider $1.25 bln deal with Vista

Global equity manager ClearBridge Investments said on Monday it has urged Model N's board to reconsider the proposed acquisition of the healthcare IT firm by Vista Equity Partners.

3 days ago - Reuters

ClearBridge Investments Sends Letter Urging Board of Directors of Model N, Inc. to Reconsider Proposed Acquisition by Vista Equity Partners

NEW YORK--(BUSINESS WIRE)--ClearBridge Investments sends letter to Model N, Inc. to urge Board of Directors to reconsider recently announced agreement to be acquired.

3 days ago - Business Wire

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces an Investigation of Model N, Inc. - MODN

NEW YORK , April 9, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securiti...

9 days ago - PRNewsWire

MODEL N INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Model N, Inc. - MODN

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Model N, Inc. (N...

10 days ago - Business Wire

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Model N

NEW YORK , April 8, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Model N (NYSE: MODN) and its board of directors concerning the proposed acquisition of ...

10 days ago - PRNewsWire

Shareholder Alert: Ademi LLP investigates whether Model N, Inc. has obtained a Fair Price in its transaction with Vista Equity Partners

MILWAUKEE, April 8, 2024 /PRNewswire/ -- Ademi LLP is investigating Model N (NYSE: MODN) for possible breaches of fiduciary duty and other violations of law in its transaction with Vista Equity Partne...

10 days ago - PRNewsWire

MODN Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Model N, Inc. Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Model N, Inc. (NYSE: MODN) to Vista Equity Partners for $30.00 per share is fair to Model...

10 days ago - Business Wire

Vista Equity Partners to take revenue optimization platform Model N private in $1.25B deal

Model N, a platform used by companies such as Johnson & Johnson, AstraZeneca, and AMD to automate decisions related to pricing, incentives, and compliance, is going private in a $1.25 billion deal.

10 days ago - TechCrunch

Model N signs $1.25 bln go-private deal with Vista Equity

Healthcare IT firm Model N said on Monday it has entered into an agreement to be taken private by investment firm Vista Equity Partners for about $1.25 billion, sending its shares up 9.3% at $29.60 in...

10 days ago - Reuters

Model N to be Acquired by Vista Equity Partners For $1.25 Billion

SAN MATEO, Calif.--(BUSINESS WIRE)--Model N (NYSE: MODN), a leader in revenue optimization and compliance for pharmaceutical, medtech, and high-tech innovators, today announced that it has entered int...

11 days ago - Business Wire

Model N Management to Participate in Upcoming Investor Conferences

SAN MATEO, Calif, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Model N, Inc. (NYSE: MODN), the leader in cloud revenue management solutions, today announced that Model N management will present at the following ...

2 months ago - GlobeNewsWire

Model N Announces First Quarter Fiscal Year 2024 Financial Results

SAN MATEO, Calif.--(BUSINESS WIRE)--Model N, Inc. (NYSE: MODN), the leader in cloud revenue management solutions, today announced financial results for the first quarter of fiscal year 2024 ended Dece...

2 months ago - Business Wire

Nearly Two-Thirds of Life Sciences and High-Tech Executives Set Sights on Advanced Analytics and AI to Improve Revenue Optimization and Profitability in 2024

Model N's 2024 State of Revenue Report uncovers how pharmaceutical, medical technology, and high-tech manufacturing executives solve for revenue optimization and compliance. Model N's 2024 State of Re...

2 months ago - GlobeNewsWire

Model N Launches Price Management to Help High-Tech Companies Streamline Pricing

New solution accelerates business agility and profitability by automating pricing processes New solution accelerates business agility and profitability by automating pricing processes

2 months ago - GlobeNewsWire

Model N Announces Date of First Quarter Fiscal Year 2024 Financial Results

SAN MATEO, Calif.--(BUSINESS WIRE)--Model N, Inc. (NYSE: MODN), the leader in revenue optimization and compliance, plans to announce financial results for the first quarter fiscal year 2024 after mark...

3 months ago - Business Wire

Model N Management to Present at the Raymond James 2023 TMT and Consumer Conference

SAN MATEO, Calif.--(BUSINESS WIRE)--Model N, Inc. (NYSE: MODN), the leader in revenue optimization and compliance today announced that Model N management will present at the Raymond James 2023 TMT and...

5 months ago - Business Wire

Model N Management to Present at the RBC Capital Markets Global Technology, Internet, Media, Telecommunications Conference

SAN MATEO, Calif.--(BUSINESS WIRE)--Model N, Inc. (NYSE: MODN), the leader in cloud revenue management solutions, today announced that Model N management will present at the RBC Capital Markets Global...

5 months ago - Business Wire

Model N Announces Fourth Quarter and Fiscal Year 2023 Financial Results

SAN MATEO, Calif.--(BUSINESS WIRE)--Model N, Inc. (NYSE: MODN), the leader in cloud revenue management solutions, today announced financial results for the fourth quarter and fiscal year 2023 ended Se...

5 months ago - Business Wire

Model N Launches Channel Collaboration to Strengthen Visibility for High-Tech Manufacturers and Their Channel Partners

SAN MATEO, Calif.--(BUSINESS WIRE)--Model N (NYSE: MODN), the leader in revenue optimization and compliance today announced the launch of Channel Collaboration, a new self-service portal for high-tech...

5 months ago - Business Wire

Model N Responds to Mounting Regulatory Pharma Pressures with Innovations that Ensure Compliance and Optimize Revenue

SAN MATEO, Calif.--(BUSINESS WIRE)--Model N (NYSE: MODN), the leader in revenue optimization and compliance today announced new product innovations geared towards the increasingly complex regulatory e...

5 months ago - Business Wire

Model N Announces Date of Fourth Quarter and Fiscal Year 2023 Financial Results

SAN MATEO, Calif.--(BUSINESS WIRE)--Model N, Inc. (NYSE: MODN), the leader in revenue optimization and compliance, plans to announce financial results for the fourth quarter and fiscal year 2023 after...

6 months ago - Business Wire

Model N Announces Third Quarter Fiscal Year 2023 Financial Results

SAN MATEO, Calif.--(BUSINESS WIRE)--Model N, Inc. (NYSE: MODN), the leader in cloud revenue management solutions, today announced financial results for the third quarter of fiscal year 2023 ended June...

9 months ago - Business Wire

Model N Board of Directors Named a Finalist in NACD DE&I Awards

SAN MATEO, Calif., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Model N, Inc. (NYSE: MODN), the leader in revenue optimization and compliance, today announced that its Board of Directors has been named a finalis...

9 months ago - GlobeNewsWire

Model N Earns Recognition for Company Culture, Named by Fortune as a Best Place to Work for Millennial Employees

SAN MATEO, Calif.--(BUSINESS WIRE)--Fortune Media and Great Place To Work® have honored Model N (NYSE: MODN) as one of this year's Best Workplaces for Millennials. This prestigious accolade highlights...

9 months ago - Business Wire

Model N Announces Date of Third Quarter Fiscal Year 2023 Financial Results

SAN MATEO, Calif.--(BUSINESS WIRE)--Model N, Inc. (NYSE: MODN), the leader in revenue optimization and compliance, plans to announce financial results for the third quarter of fiscal year 2023 after m...

10 months ago - Business Wire