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

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

A number of equities research analysts recently weighed in on the company. Needham & Company LLC reduced their price objective on N-able from $8.00 to $6.50 and set a “buy” rating on the stock in a research report on Friday, May 8th. BMO Capital Markets reduced their price objective on N-able from $9.50 to $5.50 and set a “market perform” rating on the stock in a research report on Friday, February 20th. Zacks Research upgraded N-able from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen upgraded N-able from a “hold” rating to a “buy” rating in a research 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 report on Friday, May 8th.

Institutional Investors Weigh In On N-able

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its position in N-able by 17.3% during the 1st quarter. Bank of America Corp DE now owns 713,869 shares of the company’s stock worth $3,334,000 after acquiring an additional 105,518 shares during the last quarter. Quantinno Capital Management LP grew its position in shares of N-able by 522.0% in the 1st quarter. Quantinno Capital Management LP now owns 141,980 shares of the company’s stock valued at $663,000 after buying an additional 119,155 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of N-able by 68.4% in the 1st quarter. Renaissance Technologies LLC now owns 880,500 shares of the company’s stock valued at $4,112,000 after buying an additional 357,500 shares during the last quarter. Teton Advisors LLC bought a new stake in shares of N-able in the 1st quarter valued at about $117,000. Finally, Gabelli Funds LLC grew its position in shares of N-able by 33.2% in the 1st quarter. Gabelli Funds LLC now owns 200,657 shares of the company’s stock valued at $937,000 after buying an additional 50,048 shares during the last quarter. Institutional investors own 96.35% of the company’s stock.

N-able Trading Up 1.2%

Shares of NABL opened at $3.84 on Friday. N-able has a 52-week low of $3.24 and a 52-week high of $9.04. The business’s fifty day moving average is $4.46 and its 200-day moving average is $5.66. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $722.44 million, a price-to-earnings ratio of -76.70 and a beta of 0.54.

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

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.