N-able, Inc. (NYSE:NABL) Given Average Rating of “Hold” by Brokerages

Shares of N-able, Inc. (NYSE:NABL) have been given an average rating of “Hold” by the eight brokerages that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $7.55.

Several research analysts have commented on the company. Scotiabank lifted their price target on N-able from $5.25 to $5.75 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Weiss Ratings reissued a “sell (d)” rating on shares of N-able in a research report on Friday, July 17th. Zacks Research downgraded shares of N-able from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. Needham & Company LLC dropped their target price on shares of N-able from $8.00 to $6.50 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, Wall Street Zen raised shares of N-able from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th.

N-able Trading Up 3.4%

Shares of NYSE:NABL opened at $4.49 on Friday. The company has a market cap of $845.26 million, a P/E ratio of -89.74 and a beta of 0.53. The stock’s 50-day moving average is $3.84 and its 200-day moving average is $4.69. N-able has a 52-week low of $2.92 and a 52-week high of $9.04. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.26 and a current ratio of 1.26.

N-able (NYSE:NABL) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.09 EPS for the quarter, hitting 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 for the quarter, compared to analyst estimates of $131.62 million. During the same period in the previous year, the company posted $0.08 earnings per share. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. Equities research analysts predict that N-able will post 0.22 earnings per share for the current year.

Institutional Trading of N-able

Several hedge funds and other institutional investors have recently bought and sold shares of NABL. Dimensional Fund Advisors LP raised its position in shares of N-able by 11.0% during the first quarter. Dimensional Fund Advisors LP now owns 4,770,126 shares of the company’s stock valued at $22,277,000 after buying an additional 474,028 shares during the last quarter. Ameriprise Financial Inc. grew its position in N-able by 516.8% during the second 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 in the last quarter. Applied Fundamental Research LLC grew its position in N-able by 18.3% during the fourth quarter. Applied Fundamental Research LLC now owns 1,252,829 shares of the company’s stock worth $9,371,000 after buying an additional 193,680 shares in the last quarter. Defiance ETFs LLC bought a new position in N-able during the fourth quarter valued at about $8,954,000. Finally, CenterBook Partners LP increased its stake in N-able by 32.6% during the fourth quarter. CenterBook Partners LP now owns 1,084,990 shares of the company’s stock valued at $8,116,000 after acquiring an additional 266,806 shares during the period. 96.35% of the stock is currently owned by institutional investors and hedge funds.

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.