N-able (NYSE:NABL) Earns Buy Rating from Needham & Company LLC

N-able (NYSE:NABL)‘s stock had its “buy” rating reissued by research analysts at Needham & Company LLC in a report issued on Thursday,Benzinga reports. They currently have a $8.00 price objective on the stock. Needham & Company LLC’s price objective indicates a potential upside of 59.30% from the stock’s previous close.

Other analysts have also issued research reports about the company. BMO Capital Markets decreased their price objective on N-able from $9.50 to $5.50 and set a “market perform” rating on the stock in a report on Friday, February 20th. B. Riley Financial began coverage on N-able in a research note on Friday, January 23rd. They issued a “buy” rating and a $10.00 target price for the company. Wall Street Zen cut N-able from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings reiterated a “sell (d)” rating on shares of N-able in a research note on Thursday, January 22nd. Finally, Zacks Research cut shares of N-able from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 25th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.75.

N-able Stock Down 0.9%

Shares of NABL opened at $5.02 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.19 and a current ratio of 1.19. The company has a 50-day simple moving average of $5.51 and a 200-day simple moving average of $6.95. N-able has a 52 week low of $4.15 and a 52 week high of $9.04. The firm has a market capitalization of $946.04 million, a P/E ratio of -55.80 and a beta of 0.65.

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

Institutional Investors Weigh In On N-able

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NABL. Hantz Financial Services Inc. lifted its position in shares of N-able by 179.8% during the fourth quarter. Hantz Financial Services Inc. now owns 3,277 shares of the company’s stock worth $25,000 after purchasing an additional 2,106 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of N-able by 93.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock valued at $30,000 after purchasing an additional 1,924 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in N-able by 1,970.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,789 shares of the company’s stock worth $31,000 after purchasing an additional 3,606 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in N-able in the 3rd quarter worth approximately $82,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in N-able during the 4th quarter worth $85,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

About N-able

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.