N-able, Inc. (NYSE:NABL) Given Average Recommendation of “Hold” by Brokerages

N-able, Inc. (NYSE:NABL) has been given a consensus rating of “Hold” by the six research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $9.3125.

Several brokerages recently issued reports on NABL. Weiss Ratings reissued a “sell (d)” rating on shares of N-able in a research note on Wednesday, October 8th. Royal Bank Of Canada raised their price target on N-able from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Finally, Wall Street Zen downgraded N-able from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 6th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC raised its holdings in N-able by 1,030.5% in the second quarter. Parallel Advisors LLC now owns 3,516 shares of the company’s stock worth $28,000 after purchasing an additional 3,205 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in N-able by 241.4% in the first quarter. PNC Financial Services Group Inc. now owns 4,162 shares of the company’s stock worth $30,000 after purchasing an additional 2,943 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of N-able by 1,970.5% during the 2nd 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 last quarter. Signaturefd LLC grew its stake in N-able by 1,410.3% during the 2nd quarter. Signaturefd LLC now owns 6,615 shares of the company’s stock worth $54,000 after buying an additional 6,177 shares during the last quarter. Finally, Ieq Capital LLC purchased a new stake in N-able in the first quarter valued at about $72,000. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

N-able Stock Down 1.0%

Shares of NYSE:NABL opened at $7.56 on Friday. The firm has a market capitalization of $1.41 billion, a PE ratio of -251.83 and a beta of 0.61. The business has a 50 day simple moving average of $7.65 and a two-hundred day simple moving average of $7.88. N-able has a 1 year low of $6.07 and a 1 year high of $10.41. 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 (NYSE:NABL) last released its earnings results on Thursday, November 6th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.04. N-able had a positive return on equity of 4.17% and a negative net margin of 1.31%.The business had revenue of $131.71 million during the quarter, compared to the consensus estimate of $127.48 million. During the same period last year, the company earned $0.13 earnings per share. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, equities analysts predict that N-able will post 0.27 EPS for the current year.

About N-able

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.