N-able (NYSE:NABL) Hits New 1-Year Low on Analyst Downgrade

N-able, Inc. (NYSE:NABL)’s share price hit a new 52-week low during mid-day trading on Monday after Wall Street Zen downgraded the stock from a buy rating to a hold rating. The company traded as low as $4.47 and last traded at $4.4810, with a volume of 3038197 shares traded. The stock had previously closed at $4.74.

A number of other equities research analysts have also commented on the stock. B. Riley Financial began coverage on shares of N-able in a report on Friday, January 23rd. They set a “buy” rating and a $10.00 price objective on the stock. BMO Capital Markets decreased their price target on shares of N-able from $9.50 to $5.50 and set a “market perform” rating on the stock in a research note on Friday, February 20th. Royal Bank Of Canada boosted their price objective on shares of N-able from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Zacks Research downgraded N-able from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of N-able in a research note on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $7.75.

Institutional Trading of N-able

A number of hedge funds have recently modified their holdings of the company. Invesco Ltd. grew its holdings in N-able by 11.7% during the fourth quarter. Invesco Ltd. now owns 371,226 shares of the company’s stock valued at $2,777,000 after purchasing an additional 38,879 shares during the period. State of Tennessee Department of Treasury grew its holdings in shares of N-able by 103.2% in the 4th quarter. State of Tennessee Department of Treasury now owns 34,381 shares of the company’s stock valued at $257,000 after buying an additional 17,461 shares during the period. XTX Topco Ltd bought a new stake in shares of N-able in the 4th quarter valued at $117,000. Zacks Investment Management bought a new stake in shares of N-able in the 4th quarter valued at $519,000. Finally, VARCOV Co. acquired a new stake in N-able during the 4th quarter worth $337,000. 96.35% of the stock is currently owned by institutional investors and hedge funds.

N-able Trading Up 0.3%

The company has a quick ratio of 1.27, a current ratio of 1.19 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $835.69 million, a P/E ratio of -49.83 and a beta of 0.60. The company has a fifty day simple moving average of $6.46 and a two-hundred day simple moving average of $7.32.

N-able (NYSE:NABL) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $130.27 million for the quarter, compared to analyst estimates of $127.07 million. During the same period in the prior year, the business earned $0.10 EPS. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, sell-side analysts expect that N-able, Inc. will post 0.27 earnings per share for the current year.

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.