N-able, Inc. (NYSE:NABL) Receives $9.45 Consensus Target Price from Analysts

N-able, Inc. (NYSE:NABL) has been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $9.45.

A number of research firms have recently weighed in on NABL. Wall Street Zen downgraded shares of N-able from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Royal Bank Of Canada upped their target price on N-able from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Zacks Research downgraded N-able from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. B. Riley began coverage on N-able in a research note on Friday, January 23rd. They issued a “buy” rating and a $10.00 price target for the company. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of N-able in a research report on Thursday, January 22nd.

N-able Price Performance

Shares of NABL opened at $5.78 on Friday. The business’s 50-day moving average is $7.09 and its 200-day moving average is $7.61. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -192.67 and a beta of 0.60. N-able has a fifty-two week low of $5.33 and a fifty-two week high of $10.41.

N-able (NYSE:NABL) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. N-able had a negative net margin of 1.31% and a positive return on equity of 4.17%. The firm had revenue of $131.71 million for the quarter, compared to the consensus estimate of $127.48 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The firm’s revenue was up 13.1% on a year-over-year basis. Equities research analysts expect that N-able will post 0.27 EPS for the current fiscal year.

Institutional Trading of N-able

A number of institutional investors and hedge funds have recently modified their holdings of the company. AQR Capital Management LLC lifted its position in shares of N-able by 212.6% during the 1st quarter. AQR Capital Management LLC now owns 124,549 shares of the company’s stock worth $883,000 after buying an additional 84,712 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in N-able by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,485 shares of the company’s stock worth $301,000 after acquiring an additional 1,825 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of N-able during the second quarter valued at $163,000. Public Employees Retirement System of Ohio acquired a new stake in shares of N-able in the 2nd quarter valued at $384,000. Finally, State of Alaska Department of Revenue grew its holdings in shares of N-able by 9.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 42,745 shares of the company’s stock worth $345,000 after purchasing an additional 3,633 shares during the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.

About N-able

N-able (NYSE:NABL) is a cloud-based software provider specializing in solutions for managed service providers (MSPs). The company’s platform offers remote monitoring and management (RMM), backup and disaster recovery, endpoint detection and response (EDR), security information and event management (SIEM), and automation tools. By integrating these services into a unified interface, N-able enables MSPs to streamline IT operations, enhance security posture, and deliver proactive maintenance across on-premises, cloud, and hybrid environments.

Headquartered in Toronto, Canada, N-able traces its origins to the managed services division of SolarWinds before completing a spin-off and initial public offering in mid-2021.