N-able, Inc. (NYSE:NABL) Receives $5.08 Consensus Price Target from Brokerages

N-able, Inc. (NYSE:NABL) has been assigned an average rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $5.08.

NABL has been the topic of several research reports. Scotiabank dropped their price target on N-able from $5.75 to $3.65 and set a “sector perform” rating on the stock in a research report on Tuesday, August 11th. Zacks Research raised N-able from a “strong sell” rating to a “hold” rating in a research report on Friday, August 14th. Wall Street Zen lowered N-able from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings restated a “sell (d)” rating on shares of N-able in a report on Friday, July 17th. Finally, Royal Bank Of Canada downgraded shares of N-able from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $6.00 to $4.00 in a research report on Tuesday, August 11th.

N-able Stock Performance

Shares of NABL opened at $3.62 on Wednesday. The company has a 50-day simple moving average of $3.98 and a two-hundred day simple moving average of $4.39. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market capitalization of $683.85 million, a PE ratio of -181.00 and a beta of 0.50. N-able has a one year low of $2.92 and a one year high of $8.73.

N-able (NYSE:NABL) last posted its earnings results on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. N-able had a positive return on equity of 3.55% and a negative net margin of 0.88%.The firm had revenue of $138.22 million for the quarter, compared to the consensus estimate of $138.08 million. During the same quarter in the prior year, the business earned $0.11 EPS. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, analysts anticipate that N-able will post 0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On N-able

Several hedge funds have recently bought and sold shares of NABL. iSAM Funds UK Ltd increased its stake in shares of N-able by 13.5% during the third quarter. iSAM Funds UK Ltd now owns 12,972 shares of the company’s stock valued at $101,000 after purchasing an additional 1,541 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of N-able by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,485 shares of the company’s stock worth $301,000 after purchasing an additional 1,825 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of N-able by 93.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock worth $30,000 after purchasing an additional 1,924 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of N-able by 0.7% in the 2nd quarter. Lazard Asset Management LLC now owns 319,379 shares of the company’s stock worth $2,586,000 after buying an additional 2,100 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its stake in shares of N-able by 179.8% in the 4th 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 during the last quarter. Institutional investors own 96.35% of the company’s stock.

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.