Model NNYSE: MODN

NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- 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 Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and is investigating Model N , Inc . ( NYSE : MODN ), relating to its proposed sale to Vista Equity Partners. Under the terms of the agreement, MODN shareholders are expected to receive $30.00 in cash per share they own.

Model N (MODN) reported earnings 30 days ago. What's next for the stock?

NEW YORK, NY / ACCESSWIRE / June 4, 2024 / Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Model N, Inc. (NYSE:MODN)'s sale to Vista Equity Partners for $30.00 per share. If you are a Model N shareholder, click here to learn more about your rights and options.

NEW YORK , June 4, 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 Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and is investigating Model N, Inc. (NYSE: MODN), relating to its proposed sale to Vista Equity Partners.

While the revenue and EPS of Model N (MODN) provide insight into its performance in the quarter ending March 2024, it may be beneficial to evaluate how certain important metrics stack up against Wall Street forecasts and figures from the previous year.

Model N (MODN) reported earnings of $0.24 per share for the quarter, falling short of the Zacks Consensus Estimate of $0.26 per share. This is an improvement from earnings of $0.22 per share in the same quarter last year.

Model N (MODN) experienced significant movement during the last trading session with above-average volume. However, the recent trend in earnings estimate revisions may not support further upward movement in the short term.

The acquisition by Vista provides Model N (MODN) with increased resources, positioning the company for continued growth and market dominance in the future.

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 premarket trading.