N-able, Inc. (NYSE:NABL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of N-able, Inc. (NYSE:NABL) have been given an average rating of “Moderate Buy” by the seven brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $9.3125.

NABL has been the topic of several research reports. Royal Bank Of Canada upped their price target on N-able from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of N-able in a research note on Wednesday, October 8th. Zacks Research upgraded shares of N-able from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. Finally, Wall Street Zen lowered shares of N-able from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 6th.

N-able Stock Up 1.3%

NYSE:NABL opened at $7.40 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of -246.50 and a beta of 0.61. N-able has a one year low of $6.07 and a one year high of $10.41. The stock has a 50-day simple moving average of $7.54 and a 200 day simple moving average of $7.81.

N-able (NYSE:NABL) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $131.71 million for the quarter, compared to analysts’ expectations of $127.48 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. N-able’s revenue for the quarter was up 13.1% compared to the same quarter last year. Sell-side analysts predict that N-able will post 0.27 EPS for the current fiscal year.

Institutional Trading of N-able

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sunriver Management LLC lifted its holdings in shares of N-able by 39.7% in the 2nd quarter. Sunriver Management LLC now owns 6,398,641 shares of the company’s stock worth $51,829,000 after purchasing an additional 1,817,978 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in N-able in the second quarter worth $9,332,000. Ameriprise Financial Inc. lifted its stake in N-able by 516.8% in the second quarter. Ameriprise Financial Inc. now owns 1,274,744 shares of the company’s stock valued at $10,325,000 after buying an additional 1,068,061 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of N-able by 271.8% during the second quarter. Bank of America Corp DE now owns 679,119 shares of the company’s stock valued at $5,501,000 after acquiring an additional 496,461 shares during the period. Finally, Topline Capital Management LLC bought a new position in shares of N-able during the third quarter worth about $3,545,000. 96.35% of the stock is currently owned by institutional investors and hedge funds.

N-able Company Profile

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.