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

Shares of N-able, Inc. (NYSE:NABL) have been assigned a consensus recommendation of “Hold” from the eight research firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $7.55.

NABL has been the topic of several research analyst reports. Zacks Research lowered shares of N-able from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 16th. Needham & Company LLC reduced 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 reaffirmed a “sell (d)” rating on shares of N-able in a research note on Friday, July 17th. Wall Street Zen upgraded N-able from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Scotiabank boosted their price objective on N-able from $5.25 to $5.75 and gave the stock a “sector perform” rating in a research note on Friday, May 8th.

Institutional Trading of N-able

Institutional investors have recently made changes to their positions in the company. Hantz Financial Services Inc. increased 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. EverSource Wealth Advisors LLC lifted its holdings 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 valued at $31,000 after purchasing an additional 3,606 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in N-able by 93.8% in the 4th 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. Sequoia Financial Advisors LLC purchased a new position in N-able in the 1st quarter valued at $48,000. Finally, Brevan Howard Capital Management LP acquired a new stake in N-able during the 2nd quarter worth $90,000. 96.35% of the stock is owned by institutional investors and hedge funds.

N-able Trading Up 4.8%

Shares of NYSE:NABL opened at $4.08 on Friday. The business’s 50 day moving average price is $3.79 and its 200-day moving average price is $4.77. N-able has a 1 year low of $2.92 and a 1 year high of $9.04. The firm has a market capitalization of $767.65 million, a price-to-earnings ratio of -81.50 and a beta of 0.53. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.26 and a quick ratio of 1.26.

N-able (NYSE:NABL) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $133.68 million during the quarter, compared to analyst estimates of $131.62 million. N-able had a negative net margin of 1.99% and a positive return on equity of 3.40%. The firm’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.08 EPS. On average, equities research analysts forecast that N-able will post 0.22 earnings per share for the current fiscal 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.