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

Shares of N-able, Inc. (NYSE:NABL) have earned an average rating of “Hold” from the seven brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $7.75.

NABL has been the subject of a number of research reports. Scotiabank cut their price objective on shares of N-able from $8.75 to $5.25 and set a “sector perform” rating for the company in a research note on Friday, February 20th. B. Riley Financial assumed coverage on shares of N-able in a report on Friday, January 23rd. They set a “buy” rating and a $10.00 target price on the stock. Wall Street Zen cut shares of N-able from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. BMO Capital Markets cut their price target on shares of 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. Finally, Zacks Research cut N-able from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 25th.

Hedge Funds Weigh In On N-able

A number of large investors have recently bought and sold shares of the stock. Hantz Financial Services Inc. lifted its position in 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 purchasing an additional 2,106 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of N-able by 1,970.5% during 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. PNC Financial Services Group Inc. grew its holdings in shares of N-able by 93.8% in 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. Vanguard Personalized Indexing Management LLC purchased a new position in shares of N-able in the third quarter worth $82,000. Finally, Brevan Howard Capital Management LP purchased a new position in shares of N-able in the second quarter worth $90,000. 96.35% of the stock is owned by hedge funds and other institutional investors.

N-able Stock Performance

Shares of NYSE NABL opened at $5.02 on Friday. The stock’s 50-day moving average is $5.51 and its 200 day moving average is $6.95. The stock has a market cap of $946.04 million, a price-to-earnings ratio of -55.80 and a beta of 0.65. N-able has a 1-year low of $4.15 and a 1-year high of $9.04. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.48.

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). N-able had a positive return on equity of 3.17% and a negative net margin of 3.33%.The firm had revenue of $130.27 million during the quarter, compared to analysts’ expectations of $127.07 million. During the same period in the prior year, the company earned $0.10 EPS. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, sell-side analysts anticipate that N-able will post 0.27 EPS for the current fiscal 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.