SG Americas Securities LLC Makes New Investment in N-able, Inc. $NABL

SG Americas Securities LLC bought a new stake in N-able, Inc. (NYSE:NABL) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 124,705 shares of the company’s stock, valued at approximately $973,000. SG Americas Securities LLC owned approximately 0.07% of N-able as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of NABL. Parallel Advisors LLC boosted its holdings in N-able by 1,030.5% in the 2nd quarter. Parallel Advisors LLC now owns 3,516 shares of the company’s stock worth $28,000 after acquiring an additional 3,205 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of N-able by 1,970.5% in the second quarter. EverSource Wealth Advisors LLC now owns 3,789 shares of the company’s stock valued at $31,000 after purchasing an additional 3,606 shares during the period. Signaturefd LLC boosted its stake in shares of N-able by 1,410.3% in the second quarter. Signaturefd LLC now owns 6,615 shares of the company’s stock valued at $54,000 after purchasing an additional 6,177 shares during the period. Brevan Howard Capital Management LP acquired a new stake in N-able during the 2nd quarter valued at $90,000. Finally, iSAM Funds UK Ltd purchased a new stake in N-able during the 2nd quarter worth $93,000. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

N-able Stock Performance

Shares of NABL stock opened at $6.56 on Monday. The company has a market cap of $1.22 billion, a P/E ratio of -218.67 and a beta of 0.61. The business has a 50 day moving average of $7.40 and a two-hundred day moving average of $7.77. N-able, Inc. has a 52 week low of $6.07 and a 52 week high of $10.41. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.40.

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

Analyst Ratings Changes

NABL has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of N-able in a research report on Wednesday, October 8th. Wall Street Zen downgraded N-able from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 6th. Zacks Research upgraded N-able from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. Finally, Royal Bank Of Canada boosted their price objective on N-able from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Friday, November 7th. 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 given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $9.31.

N-able Profile

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.