N-able (NYSE:NABL) Hits New 52-Week Low on Analyst Downgrade

N-able, Inc. (NYSE:NABL)’s share price reached a new 52-week low during mid-day trading on Monday after Wall Street Zen downgraded the stock from a buy rating to a hold rating. The company traded as low as $4.47 and last traded at $4.4810, with a volume of 3038197 shares trading hands. The stock had previously closed at $4.74.

Several other equities research analysts also recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of N-able in a research note on Thursday, January 22nd. Zacks Research cut shares of N-able from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. BMO Capital Markets reduced their price objective on N-able from $9.50 to $5.50 and set a “market perform” rating on the stock in a research note on Friday. Royal Bank Of Canada lifted their target price on N-able from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Finally, Scotiabank lowered their target price on N-able from $8.75 to $5.25 and set a “sector perform” rating for the company in a research note on Friday. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $7.75.

Institutional Trading of N-able

A number of institutional investors have recently bought and sold shares of the business. Hantz Financial Services Inc. boosted its position in shares of N-able by 179.8% during the 4th quarter. Hantz Financial Services Inc. now owns 3,277 shares of the company’s stock worth $25,000 after acquiring an additional 2,106 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in N-able by 93.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock worth $30,000 after purchasing an additional 1,924 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in 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 in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in N-able in the third quarter valued at approximately $82,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in N-able in the fourth quarter valued at approximately $85,000. 96.35% of the stock is owned by hedge funds and other institutional investors.

N-able Trading Down 5.9%

The company has a market cap of $834.76 million, a price-to-earnings ratio of -49.78 and a beta of 0.60. The company has a quick ratio of 1.27, a current ratio of 1.19 and a debt-to-equity ratio of 0.48. The business’s fifty day simple moving average is $6.52 and its two-hundred day simple moving average is $7.34.

N-able (NYSE:NABL) last issued its earnings results on Thursday, February 19th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). The company had revenue of $130.27 million during the quarter, compared to analyst estimates of $127.07 million. N-able had a negative net margin of 3.33% and a positive return on equity of 3.17%. The company’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.10 EPS. On average, equities analysts predict that N-able, Inc. will post 0.27 EPS 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.