CenterBook Partners LP Increases Holdings in N-able, Inc. $NABL

CenterBook Partners LP increased its stake in shares of N-able, Inc. (NYSE:NABL) by 32.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,084,990 shares of the company’s stock after acquiring an additional 266,806 shares during the quarter. CenterBook Partners LP’s holdings in N-able were worth $8,116,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NABL. Hantz Financial Services Inc. lifted its position in N-able by 179.8% during the fourth quarter. Hantz Financial Services Inc. now owns 3,277 shares of the company’s stock worth $25,000 after buying an additional 2,106 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in N-able by 93.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock worth $30,000 after acquiring an additional 1,924 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in N-able by 1,970.5% during the second quarter. EverSource Wealth Advisors LLC now owns 3,789 shares of the company’s stock worth $31,000 after acquiring an additional 3,606 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in N-able during the third quarter worth $82,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in N-able during the fourth quarter worth $85,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Analysts Set New Price Targets

NABL has been the subject of several recent analyst reports. Needham & Company LLC cut their target price on N-able from $8.00 to $6.50 and set a “buy” rating for the company in a research note on Friday, May 8th. Zacks Research raised N-able from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Wall Street Zen raised N-able from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Scotiabank raised their target price on N-able from $5.25 to $5.75 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Finally, BMO Capital Markets cut their target price on N-able from $9.50 to $5.50 and set a “market perform” rating for the company in a research note on Friday, February 20th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, N-able has an average rating of “Hold” and an average target price of $7.55.

N-able Trading Up 0.1%

Shares of NYSE NABL opened at $3.78 on Monday. N-able, Inc. has a twelve month low of $3.24 and a twelve month high of $9.04. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.49. The stock has a fifty day simple moving average of $4.44 and a 200-day simple moving average of $5.64. The stock has a market capitalization of $712.64 million, a PE ratio of -75.66 and a beta of 0.54.

N-able (NYSE:NABL) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. N-able had a positive return on equity of 3.40% and a negative net margin of 1.99%.The business had revenue of $133.68 million during the quarter, compared to analysts’ expectations of $131.62 million. During the same period in the previous year, the firm posted $0.08 earnings per share. The company’s revenue was up 13.1% on a year-over-year basis. On average, equities analysts forecast that N-able, Inc. will post 0.22 earnings per share for the current year.

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.