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

Shares of N-able, Inc. (NYSE:NABL) have been given a consensus recommendation of “Hold” by the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $7.75.

Several research firms recently weighed in on NABL. Wall Street Zen cut shares of N-able from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Zacks Research lowered N-able from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 25th. BMO Capital Markets reduced their price target on 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. Weiss Ratings reiterated a “sell (d)” rating on shares of N-able in a report on Thursday, January 22nd. Finally, Scotiabank lowered their price objective on N-able from $8.75 to $5.25 and set a “sector perform” rating for the company in a research report on Friday, February 20th.

Hedge Funds Weigh In On N-able

A number of institutional investors and hedge funds have recently made changes to their positions in NABL. Alpine Global Management LLC bought a new stake in shares of N-able in the 4th quarter worth approximately $182,000. Invesco Ltd. increased its holdings in shares of 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 acquiring an additional 38,879 shares in the last quarter. State of Tennessee Department of Treasury raised its position 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 worth $257,000 after purchasing an additional 17,461 shares during the last quarter. XTX Topco Ltd bought a new position in shares of N-able in the fourth quarter worth approximately $117,000. Finally, Zacks Investment Management purchased a new stake in shares of N-able during the fourth quarter valued at approximately $519,000. Institutional investors own 96.35% of the company’s stock.

N-able Price Performance

NABL stock opened at $5.02 on Friday. The firm’s 50-day moving average price is $5.51 and its two-hundred day moving average price is $6.95. N-able has a 12-month low of $4.15 and a 12-month high of $9.04. The stock has a market capitalization of $946.04 million, a price-to-earnings ratio of -55.80 and a beta of 0.65. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.48.

N-able (NYSE:NABL) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.04). The firm had revenue of $130.27 million for the quarter, compared to the consensus estimate of $127.07 million. N-able had a negative net margin of 3.33% and a positive return on equity of 3.17%. The business’s revenue was up 11.8% on a year-over-year basis. During the same period last year, the company posted $0.10 earnings per share. As a group, equities analysts predict that N-able 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.