N-able (NYSE:NABL) Cut to “Hold” at Zacks Research

Zacks Research cut shares of N-able (NYSE:NABL) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

A number of other research firms also recently commented on NABL. Wall Street Zen cut shares of N-able from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. B. Riley started coverage on N-able in a research report on Friday, January 23rd. They set a “buy” rating and a $10.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of N-able in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada raised their price target on N-able from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, N-able presently has an average rating of “Hold” and a consensus price target of $9.45.

N-able Price Performance

NABL stock opened at $6.15 on Tuesday. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -204.83 and a beta of 0.61. 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 has a fifty-two week low of $6.04 and a fifty-two week high of $10.41. The business has a 50 day moving average price of $7.21 and a 200 day moving average price of $7.67.

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

Institutional Investors Weigh In On N-able

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NABL. EverSource Wealth Advisors LLC increased its holdings in shares of N-able by 1,970.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,789 shares of the company’s stock valued at $31,000 after acquiring an additional 3,606 shares during the last quarter. Signaturefd LLC increased its stake in N-able by 1,410.3% during 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 last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of N-able during the third quarter worth $82,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of N-able in the 4th quarter worth about $85,000. Finally, Brevan Howard Capital Management LP acquired a new position in shares of N-able in the 2nd quarter valued at about $90,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.

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.