N-able (NYSE:NABL) Upgraded at Zacks Research

Zacks Research upgraded shares of N-able (NYSE:NABL) from a hold rating to a strong-buy rating in a report issued on Monday morning,Zacks.com reports.

Several other brokerages have also recently commented on NABL. Wall Street Zen cut N-able from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Royal Bank Of Canada increased their price objective on shares of N-able from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of N-able in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $9.31.

N-able Stock Down 0.8%

Shares of NABL opened at $7.48 on Monday. The company has a 50-day simple moving average of $7.58 and a 200-day simple moving average of $7.83. The firm has a market capitalization of $1.39 billion, a P/E ratio of -249.33 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 has a 52 week low of $6.07 and a 52 week high of $10.41.

N-able (NYSE:NABL) last released its earnings results on Thursday, November 6th. The company reported $0.13 earnings per share for the quarter, topping 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 period last year, the business earned $0.13 earnings per share. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, equities research analysts expect that N-able will post 0.27 earnings per share for the current year.

Institutional Investors Weigh In On N-able

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sunriver Management LLC boosted its stake in N-able by 39.7% in the second quarter. Sunriver Management LLC now owns 6,398,641 shares of the company’s stock worth $51,829,000 after purchasing an additional 1,817,978 shares in the last quarter. ArrowMark Colorado Holdings LLC raised its holdings in shares of N-able by 3.3% in the third quarter. ArrowMark Colorado Holdings LLC now owns 3,157,615 shares of the company’s stock valued at $24,629,000 after buying an additional 100,539 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of N-able by 4.4% in the second 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 during the last quarter. Crescent Park Management L.P. lifted its position in N-able by 0.8% during the 2nd quarter. Crescent Park Management L.P. now owns 1,310,560 shares of the company’s stock worth $10,616,000 after buying an additional 10,071 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in N-able by 516.8% during the 2nd 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 during the last quarter. 96.35% of the stock is 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.