Does Model N Incorporated (NYSE:MODN) Have Gas After Even More Sellers Involved?

August 29, 2017 - By Hazel Jackson

 Does Model N Incorporated (NYSE:MODN) Have Gas After Even More Sellers Involved?

Investors sentiment increased to 1.26 in Q4 2016. Its up 0.44, from 0.82 in 2016Q3. It increased, as 9 investors sold Model N Inc shares while 18 reduced holdings. 16 funds opened positions while 18 raised stakes. 16.56 million shares or 5.90% less from 17.60 million shares in 2016Q3 were reported.
Renaissance Technology Ltd Liability has invested 0.01% in Model N Inc (NYSE:MODN). Rbf Llc holds 15,287 shares. Tiaa Cref Investment Management Limited Liability Corporation owns 59,057 shares. New York-based Bnp Paribas Arbitrage Sa has invested 0% in Model N Inc (NYSE:MODN). Moreover, Pnc Service Inc has 0% invested in Model N Inc (NYSE:MODN) for 142 shares. 2.77 million are held by Soros Fund Management Ltd. Amici Ltd has 0.34% invested in Model N Inc (NYSE:MODN) for 100,000 shares. Wells Fargo And Co Mn has invested 0% in Model N Inc (NYSE:MODN). Whetstone Cap Advisors Limited Liability holds 11,236 shares or 0.05% of its portfolio. Rhumbline Advisers reported 23,358 shares stake. Cooper Creek Prtnrs Mngmt Ltd Company accumulated 2.14% or 353,243 shares. Citigroup Inc, New York-based fund reported 15,004 shares. 31,497 were reported by Millennium Limited Liability Company. Prelude Capital Management Ltd Liability Corp reported 4,262 shares. Blackrock Limited Liability holds 11,966 shares or 0% of its portfolio.

The stock of Model N Incorporated (NYSE:MODN) registered an increase of 2.04% in short interest. MODN’s total short interest was 994,100 shares in August as published by FINRA. Its up 2.04% from 974,200 shares, reported previously. With 147,300 shares average volume, it will take short sellers 7 days to cover their MODN’s short positions.

The stock decreased 1.48% or $0.2 during the last trading session, reaching $13.3. About 71,514 shares traded. Model N Inc (NYSE:MODN) has risen 18.66% since August 29, 2016 and is uptrending. It has outperformed by 1.96% the S&P500.

Model N, Inc. is a provider of revenue management solutions for life science and technology companies. The company has market cap of $386.94 million. The Company’s solutions enable its clients to maximize revenues and reduce revenue compliance risk by transforming their revenue life cycle from a series of tactical, disjointed activities into a strategic end-to-end process. It currently has negative earnings. The Company’s solutions include Revenue Enterprise Cloud, Revenue Intelligence Cloud and Revvy Revenue Management.

Model N Inc (NYSE:MODN) Ratings Coverage

Among 6 analysts covering Model N Inc (NYSE:MODN), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Model N Inc had 7 analyst reports since February 16, 2016 according to SRatingsIntel. The firm has “Overweight” rating given on Friday, November 11 by JP Morgan. Craig Hallum downgraded Model N Inc (NYSE:MODN) on Tuesday, December 13 to “Hold” rating. The stock has “Buy” rating by Deutsche Bank on Tuesday, August 9. The stock has “Buy” rating by Craig Hallum on Tuesday, February 16. The rating was downgraded by JMP Securities on Tuesday, August 9 to “Market Perform”. On Wednesday, November 16 the stock rating was maintained by Stifel Nicolaus with “Hold”.

More important recent Model N Inc (NYSE:MODN) news were published by: Zacks.com which released: “Model N (MODN) Q3 Loss Narrower than Expected, Revenues Miss” on August 09, 2017, also Prnewswire.com published article titled: “Model N Welcomes Neeraj Gokhale to the Executive Team as Chief Product Officer”, Nasdaq.com published: “Is a Surprise in Store for Model N (MODN) in Q3 Earnings?” on August 04, 2017. More interesting news about Model N Inc (NYSE:MODN) was released by: Nasdaq.com and their article: “Model N (MODN) Hits 52-Week High: What’s Driving the Stock?” with publication date: August 10, 2017.

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