N-able (NYSE:NABL) Downgraded to “Strong Sell” Rating by Zacks Research

N-able (NYSE:NABL) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday,Zacks.com reports.

NABL has been the subject of several other research reports. Wall Street Zen downgraded N-able from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Weiss Ratings reiterated a “sell (d)” rating on shares of N-able in a research note on Thursday, January 22nd. Needham & Company LLC lowered their price objective on shares of N-able from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Scotiabank cut their target price on shares of N-able from $8.75 to $5.25 and set a “sector perform” rating for the company in a research note on Friday, February 20th. Finally, BMO Capital Markets reduced their price target on N-able from $9.50 to $5.50 and set a “market perform” rating for the company in a report on Friday, February 20th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.75.

N-able Trading Up 2.1%

N-able stock opened at $4.48 on Wednesday. The company has a market cap of $834.76 million, a price-to-earnings ratio of -49.78 and a beta of 0.60. The firm has a 50-day moving average of $6.33 and a 200-day moving average of $7.28. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 1.27. N-able has a one year low of $4.31 and a one year high of $10.27.

N-able (NYSE:NABL) last released its earnings results on Thursday, February 19th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). N-able had a positive return on equity of 3.17% and a negative net margin of 3.33%.The company had revenue of $130.27 million for the quarter, compared to the consensus estimate of $127.07 million. During the same quarter in the previous year, the company posted $0.10 EPS. The business’s revenue was up 11.8% on a year-over-year basis. On average, equities analysts expect that N-able will post 0.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Los Angeles Capital Management LLC acquired a new position in shares of N-able in the second quarter valued at about $355,000. Creative Planning raised its stake in N-able by 214.3% in the 2nd quarter. Creative Planning now owns 244,492 shares of the company’s stock worth $1,980,000 after purchasing an additional 166,697 shares in the last quarter. Scalar Gauge Management LLC boosted its holdings in N-able by 421.1% in the 2nd quarter. Scalar Gauge Management LLC now owns 445,534 shares of the company’s stock valued at $3,609,000 after purchasing an additional 360,039 shares during the period. Sunriver Management LLC grew its position in shares of N-able by 39.7% during the 2nd quarter. Sunriver Management LLC now owns 6,398,641 shares of the company’s stock worth $51,829,000 after purchasing an additional 1,817,978 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd grew its position in shares of N-able by 239.3% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 147,130 shares of the company’s stock worth $1,192,000 after purchasing an additional 103,767 shares in the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

N-able Company Profile

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.