Mannequin N (NYSE:MODN – Get Ranking) issued an replace on its FY23 earnings steerage on Tuesday morning. The corporate offered earnings per share (EPS) steerage of $0.90-$0.97 for the interval, in comparison with the consensus estimate of $0.77. The corporate issued income steerage of $241-$244 million, in comparison with the consensus income estimate of $242.25 million. Mannequin N additionally up to date its FY 2023 steerage to $0.90-$0.97 EPS.
Mannequin N Buying and selling Up 1.8 %
MODN inventory traded up $0.64 throughout mid-day buying and selling on Tuesday, reaching $36.17. The corporate had a buying and selling quantity of 439,875 shares, in comparison with its common quantity of 162,147. The corporate has a debt-to-equity ratio of 1.00, a present ratio of two.70 and a fast ratio of two.70. The agency has a 50 day shifting common of $33.53 and a 200 day shifting common of $28.48. Mannequin N has a 12 month low of $20.95 and a 12 month excessive of $38.53. The corporate has a market capitalization of $1.34 billion, a PE ratio of -49.55 and a beta of 0.64.
Mannequin N (NYSE:MODN – Get Ranking) final issued its earnings outcomes on Tuesday, August ninth. The software program maker reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.04. Mannequin N had a destructive internet margin of 12.52% and a destructive return on fairness of 6.00%. The agency had income of $56.17 million in the course of the quarter, in comparison with analysts’ expectations of $54.85 million. Throughout the identical quarter final yr, the corporate posted ($0.09) earnings per share. The agency’s income was up 10.1% in comparison with the identical quarter final yr. On common, equities analysts predict that Mannequin N will put up -0.2 earnings per share for the present fiscal yr.
Wall Road Analyst Weigh In
Various equities analysis analysts have lately issued stories on the inventory. StockNews.com started protection on shares of Mannequin N in a analysis observe on Wednesday, October twelfth. They issued a purchase score on the inventory. Truist Monetary upped their goal worth on shares of Mannequin N from $30.00 to $35.00 in a report on Monday, September twelfth. Lastly, TheStreet upgraded shares of Mannequin N from a d+ score to a c score in a analysis report on Friday, August twelfth. 4 analysts have rated the inventory with a purchase score, Primarily based on information from MarketBeat, the inventory has a consensus score of Purchase and a median worth goal of $36.50.
Insider Exercise at Mannequin N
In different Mannequin N information, CFO John Ederer bought 1,125 shares of Mannequin N inventory in a transaction dated Tuesday, August sixteenth. The inventory was bought at a median worth of $31.65, for a complete transaction of $35,606.25. Following the transaction, the chief monetary officer now owns 119,675 shares of the corporate’s inventory, valued at roughly $3,787,713.75. The transaction was disclosed in a doc filed with the SEC, which is accessible at this hyperlink. In different information, CEO Jason Blessing bought 10,081 shares of the inventory in a transaction on Tuesday, August sixteenth. The inventory was bought at a median worth of $31.65, for a complete transaction of $319,063.65. Following the sale, the chief government officer now owns 566,087 shares within the firm, valued at $17,916,653.55. The sale was disclosed in a doc filed with the Securities & Change Fee, which is accessible by means of the SEC web site. Additionally, CFO John Ederer bought 1,125 shares of the inventory in a transaction dated Tuesday, August sixteenth. The shares had been bought at a median worth of $31.65, for a complete worth of $35,606.25. Following the completion of the transaction, the chief monetary officer now instantly owns 119,675 shares within the firm, valued at roughly $3,787,713.75. The disclosure for this sale will be discovered right here. Insiders have bought a complete of 21,207 shares of firm inventory price $687,180 during the last ninety days. 2.00% of the inventory is presently owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and different institutional traders have lately made adjustments to their positions within the enterprise. Goldman Sachs Group Inc. grew its place in Mannequin N by 6.0% in the course of the 2nd quarter. Goldman Sachs Group Inc. now owns 57,148 shares of the software program maker’s inventory price $1,461,000 after buying a further 3,254 shares over the last quarter. PDT Companions LLC bought a brand new stake in shares of Mannequin N within the second quarter price roughly $483,000. Cubist Systematic Methods LLC bought a brand new stake in shares of Mannequin N in the course of the second quarter valued at roughly $443,000. UBS Asset Administration Americas Inc. elevated its place in shares of Mannequin N by 4.3% in the course of the second quarter. UBS Asset Administration Americas Inc. now owns 34,862 shares of the software program maker’s inventory valued at $892,000 after buying a further 1,444 shares over the last quarter. Lastly, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Mannequin N by 67.4% in the course of the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,539 shares of the software program maker’s inventory valued at $142,000 after buying a further 2,231 shares in the course of the interval. 97.47% of the inventory is presently owned by institutional traders.
About Mannequin N
(Get Ranking)
Mannequin N, Inc supplies cloud income administration options for all times sciences and high-tech firms. The corporate presents International Pricing Administration, which minimizes worth erosion of merchandise; International Tender Administration that enhances income by enabling segmentation and concentrating on, optimum bid pricing, and post-award monitoring; Supplier Administration, which minimizes rebate overpayments; Payer Administration that minimizes income leakage and noncompliance of advanced contracts; Authorities Pricing, which optimizes income, and reduces the danger of fines and different penalties; and Medicaid that enhances compliance with regulatory necessities and funds of rebate claims well timed, in addition to at appropriate charges for presidency medicaid applications.
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This on the spot information alert was generated by narrative science expertise and monetary information from MarketBeat as a way to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
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