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

N-able, Inc. (NYSE:NABL) has received an average recommendation of “Hold” from the eight brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $9.45.

A number of research analysts have recently commented on NABL shares. Weiss Ratings reiterated a “sell (d)” rating on shares of N-able in a report on Thursday, January 22nd. Royal Bank Of Canada upped their target price 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. B. Riley started coverage on shares of N-able in a report on Friday, January 23rd. They issued a “buy” rating and a $10.00 price target for the company. Wall Street Zen downgraded shares of N-able from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 6th. Finally, Zacks Research cut shares of N-able from a “strong-buy” rating to a “hold” rating in a research note on Tuesday.

Hedge Funds Weigh In On N-able

A number of hedge funds and other institutional investors have recently made changes to their positions in NABL. Sunriver Management LLC lifted its stake in N-able by 39.7% during 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 during the period. ArrowMark Colorado Holdings LLC increased its position in shares of N-able by 3.3% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 3,157,615 shares of the company’s stock worth $24,629,000 after purchasing an additional 100,539 shares in the last quarter. Geode Capital Management LLC grew its stake in N-able by 4.4% during the second quarter. Geode Capital Management LLC now owns 1,732,516 shares of the company’s stock worth $14,035,000 after buying an additional 73,405 shares during the last quarter. Crescent Park Management L.P. increased its holdings in shares of 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 worth $10,616,000 after buying an additional 10,071 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of N-able by 516.8% in 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 in the last quarter. 96.35% of the stock is owned by institutional investors.

N-able Stock Performance

Shares of NABL opened at $6.08 on Friday. The company has a market capitalization of $1.13 billion, a PE ratio of -202.67 and a beta of 0.61. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.27 and a quick ratio of 1.27. N-able has a one year low of $6.00 and a one year high of $10.41. The company’s fifty day moving average price is $7.18 and its 200 day moving average price is $7.65.

N-able (NYSE:NABL) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. The company had revenue of $131.71 million during 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 business’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 earnings per share. As a group, analysts expect that N-able will post 0.27 earnings per share for the current year.

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.