N-able (NYSE:NABL) Trading Down 9.5% – What’s Next?

N-able, Inc. (NYSE:NABL) traded down 9.5% during mid-day trading on Wednesday . The company traded as low as $3.80 and last traded at $3.7750. 661,497 shares were traded during mid-day trading, a decline of 57% from the average session volume of 1,552,412 shares. The stock had previously closed at $4.17.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Scotiabank boosted their price objective on shares of N-able from $5.25 to $5.75 and gave the company a “sector perform” rating in a report on Friday, May 8th. BMO Capital Markets cut their price objective on shares of N-able from $9.50 to $5.50 and set a “market perform” rating for the company in a report on Friday, February 20th. Needham & Company LLC cut their price target on shares of N-able from $8.00 to $6.50 and set a “buy” rating for the company in a report on Friday, May 8th. Zacks Research raised 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 report on Monday, March 23rd. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $7.55.

N-able Stock Performance

The stock’s fifty day moving average price is $4.52 and its two-hundred day moving average price is $5.74. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $709.25 million, a P/E ratio of -75.30 and a beta of 0.54.

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

Hedge Funds Weigh In On N-able

Institutional investors have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. increased its position in N-able by 179.8% during the 4th quarter. Hantz Financial Services Inc. now owns 3,277 shares of the company’s stock worth $25,000 after purchasing an additional 2,106 shares in the last quarter. PNC Financial Services Group Inc. increased its position in N-able by 93.8% during 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. EverSource Wealth Advisors LLC increased its position in N-able by 1,970.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,789 shares of the company’s stock worth $31,000 after purchasing an additional 3,606 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in N-able during the 1st quarter worth approximately $48,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in N-able during the 3rd quarter worth approximately $82,000. 96.35% of the stock is currently owned by institutional investors and hedge funds.

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.