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

Shares of N-able, Inc. (NYSE:NABL) have received a consensus rating of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $7.75.

Several brokerages recently weighed in on NABL. BMO Capital Markets dropped their price objective on N-able from $9.50 to $5.50 and set a “market perform” rating for the company in a research report on Friday, February 20th. Zacks Research cut shares of N-able from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. B. Riley Financial began coverage on shares of N-able in a report on Friday, January 23rd. They set a “buy” rating and a $10.00 price target on the stock. Needham & Company LLC dropped their price objective on shares of N-able from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Finally, Royal Bank Of Canada boosted their target price on shares of N-able from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th.

N-able Stock Performance

NYSE NABL opened at $4.49 on Wednesday. The firm’s 50 day simple moving average is $6.46 and its 200 day simple moving average is $7.32. The firm has a market capitalization of $835.69 million, a price-to-earnings ratio of -49.83 and a beta of 0.60. The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 0.48. N-able has a 1 year low of $4.31 and a 1 year high of $10.30.

N-able (NYSE:NABL) last released its earnings results on Thursday, February 19th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.04). The business had revenue of $130.27 million for the quarter, compared to the consensus estimate of $127.07 million. N-able had a positive return on equity of 3.17% and a negative net margin of 3.33%.The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.10 earnings per share. As a group, research analysts expect that N-able will post 0.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On N-able

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Hantz Financial Services Inc. increased its stake in shares of N-able by 179.8% in the fourth quarter. Hantz Financial Services Inc. now owns 3,277 shares of the company’s stock valued at $25,000 after buying an additional 2,106 shares during the period. PNC Financial Services Group Inc. increased its position in N-able by 93.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock valued at $30,000 after acquiring an additional 1,924 shares during the period. EverSource Wealth Advisors LLC grew 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 worth $31,000 after purchasing an additional 3,606 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in shares of N-able in the 3rd quarter valued at about $82,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of N-able in the fourth quarter valued at about $85,000. Institutional investors and hedge funds 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.