N-able, Inc. (NYSE:NABL) Receives Consensus Rating of “Hold” from Brokerages

Shares of N-able, Inc. (NYSE:NABL) have received a consensus rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $9.45.

A number of research analysts have commented on NABL shares. Zacks Research lowered N-able from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. 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 report on Friday, November 7th. Weiss Ratings reissued a “sell (d)” rating on shares of N-able in a report on Thursday, January 22nd. B. Riley started coverage on shares of N-able in a research note on Friday, January 23rd. They issued a “buy” rating and a $10.00 target price on the stock. Finally, Wall Street Zen cut shares of N-able from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th.

N-able Stock Performance

N-able stock opened at $6.08 on Friday. The stock has a 50-day simple moving average of $7.18 and a 200 day simple moving average of $7.65. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of -202.67 and a beta of 0.61. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.40. N-able has a 12-month low of $6.00 and a 12-month high of $10.41.

N-able (NYSE:NABL) last announced its earnings results on Thursday, November 6th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. N-able had a negative net margin of 1.31% and a positive return on equity of 4.17%. The company had revenue of $131.71 million during the quarter, compared to the consensus estimate of $127.48 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The company’s revenue was up 13.1% on a year-over-year basis. On average, research analysts anticipate that N-able will post 0.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On N-able

A number of institutional investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC acquired a new position in shares of N-able in the 2nd quarter valued at approximately $355,000. Creative Planning raised its holdings in N-able by 214.3% during the 2nd quarter. Creative Planning now owns 244,492 shares of the company’s stock worth $1,980,000 after buying an additional 166,697 shares during the period. Scalar Gauge Management LLC lifted its stake in N-able by 421.1% in the second quarter. Scalar Gauge Management LLC now owns 445,534 shares of the company’s stock valued at $3,609,000 after buying an additional 360,039 shares in the last quarter. Sunriver Management LLC boosted its holdings in shares of N-able by 39.7% in the second quarter. Sunriver Management LLC now owns 6,398,641 shares of the company’s stock valued at $51,829,000 after buying an additional 1,817,978 shares during the period. Finally, Y Intercept Hong Kong Ltd increased its position in shares of N-able by 239.3% during the second quarter. Y Intercept Hong Kong Ltd now owns 147,130 shares of the company’s stock worth $1,192,000 after acquiring an additional 103,767 shares in the last quarter. 96.35% of the stock is 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.