N-able (NYSE:NABL) Upgraded to Strong-Buy at Wall Street Zen

N-able (NYSE:NABL) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

A number of other analysts also recently weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of N-able in a research report on Wednesday, October 8th. Royal Bank Of Canada lifted their price target on shares of N-able from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Finally, Scotiabank restated a “sector perform” rating and issued a $8.75 price objective (up from $8.30) on shares of N-able in a report on Friday, August 8th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, N-able currently has a consensus rating of “Hold” and an average price target of $9.31.

N-able Stock Performance

NYSE NABL opened at $7.49 on Friday. N-able has a 52-week low of $6.07 and a 52-week high of $10.82. The company has a fifty day moving average of $7.97 and a 200-day moving average of $7.91. The company has a market capitalization of $1.39 billion, a P/E ratio of -249.50 and a beta of 0.61. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.27 and a current ratio of 1.27.

N-able (NYSE:NABL) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. N-able had a positive return on equity of 4.17% and a negative net margin of 1.31%.The business had revenue of $131.71 million for the quarter, compared to the consensus estimate of $127.48 million. During the same quarter last year, the business posted $0.13 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. N-able has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts predict that N-able will post 0.27 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Michael I. Adler sold 31,728 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $7.72, for a total value of $244,940.16. Following the transaction, the executive vice president owned 468,555 shares in the company, valued at approximately $3,617,244.60. This trade represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann Johnson sold 34,568 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $7.70, for a total transaction of $266,173.60. Following the sale, the director directly owned 37,424 shares of the company’s stock, valued at $288,164.80. The trade was a 48.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of N-able

Large investors have recently modified their holdings of the business. iSAM Funds UK Ltd raised its position in N-able by 13.5% during the 3rd 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 during the last quarter. Ethic Inc. raised its holdings in shares of N-able by 10.6% during the third quarter. Ethic Inc. now owns 16,088 shares of the company’s stock valued at $125,000 after acquiring an additional 1,545 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in N-able by 9.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,445 shares of the company’s stock worth $149,000 after acquiring an additional 1,553 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in N-able by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,485 shares of the company’s stock worth $301,000 after acquiring an additional 1,825 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in N-able by 0.7% in the second quarter. Lazard Asset Management LLC now owns 319,379 shares of the company’s stock valued at $2,586,000 after acquiring an additional 2,100 shares in the last quarter. 96.35% of the stock is owned by institutional investors.

N-able Company Profile

N-able, Inc provides cloud-based software solutions for managed service providers in the United States, the United Kingdom, and internationally. The company's solutions enable MSPs to support digital transformation and growth within small and medium-sized enterprises. It provides software platform designed to be an integrated, enterprise-grade solution that serves as an operating system for its MSP partners and scales as their businesses grow.