N-able (NYSE:NABL) Sets New 1-Year Low – What’s Next?

N-able, Inc. (NYSE:NABL)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $5.18 and last traded at $5.2350, with a volume of 186491 shares traded. The stock had previously closed at $5.35.

Analysts Set New Price Targets

NABL has been the subject of several recent research reports. Royal Bank Of Canada increased their price objective on N-able from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Zacks Research lowered shares of N-able from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. B. Riley Financial assumed coverage on shares of N-able in a research report on Friday, January 23rd. They issued a “buy” rating and a $10.00 target price for the company. Wall Street Zen lowered shares of N-able from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of N-able in a research note on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $9.45.

N-able Price Performance

The stock has a market cap of $967.05 million, a PE ratio of -173.00 and a beta of 0.60. The stock’s fifty day moving average is $6.79 and its 200-day moving average is $7.45. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.27 and a quick ratio of 1.27.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Sunriver Management LLC grew its position in N-able by 39.7% in the second quarter. Sunriver Management LLC now owns 6,398,641 shares of the company’s stock worth $51,829,000 after acquiring an additional 1,817,978 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of N-able by 7.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,296,098 shares of the company’s stock valued at $32,136,000 after purchasing an additional 282,584 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its stake in shares of N-able by 3.3% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 3,157,615 shares of the company’s stock valued at $24,629,000 after purchasing an additional 100,539 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of N-able by 4.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,732,516 shares of the company’s stock worth $14,035,000 after purchasing an additional 73,405 shares during the period. Finally, Crescent Park Management L.P. increased its position in shares of N-able by 0.8% during the 2nd quarter. Crescent Park Management L.P. now owns 1,310,560 shares of the company’s stock worth $10,616,000 after purchasing an additional 10,071 shares during the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.

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.