N-able (NYSE:NABL) Shares Gap Down – What’s Next?

N-able, Inc. (NYSE:NABL) gapped down prior to trading on Thursday . The stock had previously closed at $4.36, but opened at $4.18. N-able shares last traded at $4.2740, with a volume of 73,544 shares.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Needham & Company LLC dropped their price objective on shares of N-able from $8.00 to $6.50 and set a “buy” rating on the stock in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of N-able in a report on Tuesday, April 21st. Wall Street Zen raised shares of N-able from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Zacks Research upgraded shares of N-able from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Finally, William Blair reaffirmed an “underperform” rating on shares of N-able in a research report on Monday, March 23rd. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $7.55.

N-able Stock Down 1.5%

The stock has a market capitalization of $797.79 million, a P/E ratio of -84.70 and a beta of 0.53. 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’s 50 day simple moving average is $3.77 and its 200 day simple moving average is $4.98.

N-able (NYSE:NABL) last issued its earnings results on Thursday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. The business had revenue of $133.68 million for the quarter, compared to analyst estimates of $131.62 million. N-able had a negative net margin of 1.99% and a positive return on equity of 3.40%. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.08 EPS. As a group, research analysts predict that N-able, Inc. will post 0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On N-able

A number of institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in N-able by 11.0% during the first quarter. Dimensional Fund Advisors LP now owns 4,770,126 shares of the company’s stock worth $22,277,000 after purchasing an additional 474,028 shares during the last quarter. ArrowMark Colorado Holdings LLC raised its holdings in shares of N-able by 3.3% during the third quarter. ArrowMark Colorado Holdings LLC now owns 3,157,615 shares of the company’s stock worth $24,629,000 after purchasing an additional 100,539 shares during the period. Ameriprise Financial Inc. lifted its position in shares of N-able by 516.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,274,744 shares of the company’s stock worth $10,325,000 after buying an additional 1,068,061 shares during the last quarter. Applied Fundamental Research LLC boosted its holdings in shares of N-able by 18.3% in the 4th quarter. Applied Fundamental Research LLC now owns 1,252,829 shares of the company’s stock valued at $9,371,000 after buying an additional 193,680 shares during the period. Finally, Defiance ETFs LLC acquired a new position in shares of N-able in the 4th quarter valued at about $8,954,000. 96.35% of the stock is currently owned by institutional investors.

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.