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

Shares of N-able, Inc. (NYSE:NABL) have been given an average rating of “Hold” by the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $7.55.

A number of analysts have recently weighed in on NABL shares. Zacks Research raised shares of N-able from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Needham & Company LLC decreased their price target on shares of N-able from $8.00 to $6.50 and set a “buy” rating for the company in a research report on Friday, May 8th. Weiss Ratings reissued a “sell (d)” rating on shares of N-able in a research report on Tuesday, April 21st. Scotiabank raised their price target on shares of N-able from $5.25 to $5.75 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Finally, Wall Street Zen raised shares of N-able from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th.

N-able Trading Up 4.7%

NABL opened at $3.71 on Tuesday. The firm has a market capitalization of $697.94 million, a P/E ratio of -74.10 and a beta of 0.54. The firm’s 50 day moving average is $3.96 and its 200-day moving average is $5.18. N-able has a 52-week low of $2.92 and a 52-week high of $9.04. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.49.

N-able (NYSE:NABL) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. N-able had a negative net margin of 1.99% and a positive return on equity of 3.40%. The company had revenue of $133.68 million for the quarter, compared to analyst estimates of $131.62 million. During the same quarter last year, the firm posted $0.08 earnings per share. The business’s quarterly revenue was up 13.1% on a year-over-year basis. Analysts expect that N-able will post 0.22 EPS for the current fiscal year.

Institutional Trading of N-able

A number of hedge funds have recently made changes to their positions in NABL. Hantz Financial Services Inc. grew 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 buying an additional 2,106 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of N-able by 93.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock worth $30,000 after buying an additional 1,924 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in N-able by 1,970.5% in the second 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 period. Sequoia Financial Advisors LLC acquired a new position in N-able in the first quarter worth $48,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in N-able in the fourth quarter worth $85,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

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.