N-able (NYSE:NABL) Lowered to “Buy” Rating by Wall Street Zen

N-able (NYSE:NABL) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

NABL has been the subject of a number of other reports. Royal Bank Of Canada lifted their price target on shares of N-able from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of N-able in a research note on Wednesday, October 8th. Finally, Scotiabank reiterated a “sector perform” rating and issued a $8.75 price target (up from $8.30) on shares of N-able in a report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $9.31.

N-able Stock Performance

N-able stock opened at $7.49 on Friday. N-able has a fifty-two week low of $6.07 and a fifty-two week high of $10.49. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of -249.50 and a beta of 0.61. The stock has a fifty day moving average of $7.68 and a two-hundred day moving average of $7.88. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.27 and a current ratio of 1.27.

N-able (NYSE:NABL) last posted its quarterly earnings data 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 analyst estimates of $127.48 million. N-able had a positive return on equity of 4.17% and a negative net margin of 1.31%.The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 earnings per share. On average, analysts anticipate that N-able will post 0.27 EPS for the current fiscal year.

Institutional Trading of N-able

Institutional investors have recently made changes to their positions in the stock. Dark Forest Capital Management LP increased its holdings in shares of N-able by 26.9% during the 3rd quarter. Dark Forest Capital Management LP now owns 199,697 shares of the company’s stock worth $1,558,000 after buying an additional 42,355 shares during the last quarter. Verition Fund Management LLC grew its position in N-able by 18.6% during the third quarter. Verition Fund Management LLC now owns 106,734 shares of the company’s stock valued at $833,000 after acquiring an additional 16,752 shares during the period. Public Employees Retirement System of Ohio increased its stake in N-able by 10.8% during the third quarter. Public Employees Retirement System of Ohio now owns 52,565 shares of the company’s stock worth $410,000 after acquiring an additional 5,140 shares during the last quarter. Mariner LLC raised its holdings in shares of N-able by 105.1% in the 3rd quarter. Mariner LLC now owns 57,352 shares of the company’s stock worth $447,000 after purchasing an additional 29,384 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of N-able in the 3rd quarter valued at about $111,000. 96.35% of the stock is owned by hedge funds and other institutional investors.

N-able Company Profile

N-able, Inc provides cloud-based software solutions for managed service providers in the United States, the United Kingdom, and internationally. The company's solutions enable MSPs to support digital transformation and growth within small and medium-sized enterprises. It provides software platform designed to be an integrated, enterprise-grade solution that serves as an operating system for its MSP partners and scales as their businesses grow.