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

Shares of N-able, Inc. (NYSE:NABL) have earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $9.3125.

NABL has been the topic of a number of analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of N-able in a research report on Wednesday, October 8th. Wall Street Zen raised N-able from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Royal Bank Of Canada upped their price target on N-able from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Finally, Scotiabank reiterated a “sector perform” rating and issued a $8.75 price objective (up from $8.30) on shares of N-able in a research report on Friday, August 8th.

Insiders Place Their Bets

In other N-able news, EVP Michael I. Adler sold 31,728 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $7.72, for a total transaction of $244,940.16. Following the transaction, the executive vice president directly owned 468,555 shares of the company’s stock, valued at approximately $3,617,244.60. The trade was a 6.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On N-able

Large investors have recently modified their holdings of the stock. Sunriver Management LLC lifted its holdings in shares of N-able by 39.7% during the second quarter. Sunriver Management LLC now owns 6,398,641 shares of the company’s stock valued at $51,829,000 after purchasing an additional 1,817,978 shares during the last quarter. Geode Capital Management LLC increased its position in N-able by 4.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,732,516 shares of the company’s stock valued at $14,035,000 after buying an additional 73,405 shares in the last quarter. Crescent Park Management L.P. raised its stake in N-able by 0.8% during the second quarter. Crescent Park Management L.P. now owns 1,310,560 shares of the company’s stock valued at $10,616,000 after buying an additional 10,071 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in N-able by 516.8% in the second quarter. Ameriprise Financial Inc. now owns 1,274,744 shares of the company’s stock worth $10,325,000 after acquiring an additional 1,068,061 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its holdings in N-able by 5.2% in the third quarter. Penserra Capital Management LLC now owns 1,212,419 shares of the company’s stock worth $9,456,000 after acquiring an additional 60,315 shares in the last quarter. Institutional investors own 96.35% of the company’s stock.

N-able Stock Performance

NYSE:NABL opened at $7.49 on Monday. 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 has a fifty-two week low of $6.07 and a fifty-two week high of $10.82. The firm has a market cap of $1.39 billion, a PE ratio of -249.50 and a beta of 0.61. The business has a 50 day moving average price of $7.97 and a 200-day moving average price of $7.92.

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

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.