N-able, Inc. (NABL) – What Are Analysts Saying About This Stock?

Shares of N-able, Inc. (NYSE:NABL – Get Free Report) have been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $6.04.

A number of equities analysts recently commented on NABL shares. Weiss Ratings reiterated a “sell (d)” rating on shares of N-able in a research report on Thursday, October 15th. Royal Bank Of Canada lifted their target price on shares of N-able from $4.00 to $5.00 and gave the company a “sector perform” rating in a research note on Friday. Zacks Research upgraded N-able from a “strong sell” rating to a “hold” rating in a report on Friday, August 14th. Needham & Company LLC raised their target price on shares of N-able from $4.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Scotiabank boosted their price target on shares of N-able from $3.65 to $5.45 and gave the stock a “sector perform” rating in a research report on Friday.

Check Out Our Latest Report on NABL

Institutional Investors Weigh In On N-able

Institutional investors and hedge funds have recently modified their holdings of the company. Signaturefd LLC lifted its stake in shares of N-able by 165.3% during the third quarter. Signaturefd LLC now owns 9,332 shares of the company’s stock valued at $38,000 after buying an additional 5,815 shares during the period. Counterpoint Mutual Funds LLC bought a new position in N-able in the third quarter valued at about $605,000. AXQ Capital LP acquired a new stake in N-able in the 2nd quarter valued at $190,000. Lexington Partners L.P. acquired a new stake in shares of N-able during the 2nd quarter worth approximately $4,550,312. Finally, Bank of America Corp DE lifted its position in shares of N-able by 17.3% during the 1st quarter. Bank of America Corp DE now owns 713,869 shares of the company’s stock valued at $3,334,000 after acquiring an additional 105,518 shares during the period. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Key Stories Impacting N-able

Here are the key news stories impacting N-able this week:

N-able Price Performance

Shares of NABL opened at $4.83 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.48. N-able has a twelve month low of $2.92 and a twelve month high of $8.54. The stock has a market capitalization of $911.49 million, a P/E ratio of -96.50 and a beta of 0.39. The company has a 50 day moving average of $4.41 and a 200-day moving average of $4.47.

N-able (NYSE:NABL – Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $137.45 million for the quarter, compared to the consensus estimate of $135.03 million. N-able had a negative net margin of 0.88% and a positive return on equity of 3.55%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 EPS. As a group, equities research analysts forecast that N-able will post 0.23 EPS for the current fiscal year.

N-able declared that its board has authorized a stock repurchase plan on Friday, August 28th that permits the company to buy back $50 million in shares. This buyback authorization permits the company to repurchase up to 6.7% of its stock through open market purchases. Share buyback plans are usually a sign that the company’s management believes its shares are undervalued.

N-able Company Profile

(Get Free Report)

N-able, Inc is a software company that provides technology solutions to managed service providers (MSPs). Its platform helps MSPs monitor, manage, secure and support the information technology environments of small and midsize businesses through cloud-based tools and services.

The company’s offerings include remote monitoring and management software, endpoint security, backup and disaster recovery, email security, password management, and other cybersecurity and data protection solutions.

See Also

Analyst Recommendations for N-able (NYSE:NABL)

Receive News & Ratings for N-able Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for N-able and related companies with MarketBeat.com's FREE daily email newsletter.