N-able (NYSE:NABL) Stock Rating Lowered by Zacks Research

N-able (NYSE:NABL) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday,Zacks.com reports.

Several other equities research analysts have also issued reports on NABL. Needham & Company LLC reduced their price objective on shares of N-able from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, February 20th. BMO Capital Markets cut their target price on N-able from $9.50 to $5.50 and set a “market perform” rating on the stock in a report on Friday, February 20th. Scotiabank reduced their price target 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. Wall Street Zen lowered N-able from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Royal Bank Of Canada boosted their target price on N-able from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7.75.

N-able Stock Up 2.1%

Shares of N-able stock opened at $4.48 on Wednesday. The stock has a 50-day simple moving average of $6.33 and a 200-day simple moving average of $7.28. N-able has a 52-week low of $4.31 and a 52-week high of $10.27. The firm has a market cap of $834.76 million, a price-to-earnings ratio of -49.78 and a beta of 0.60. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 1.27.

N-able (NYSE:NABL) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.04). The business 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%. N-able’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 EPS. On average, equities research analysts expect that N-able will post 0.27 earnings per share for the current fiscal year.

Institutional Trading of N-able

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. lifted its holdings 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 during the last quarter. EverSource Wealth Advisors LLC boosted 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 during the period. PNC Financial Services Group Inc. grew its position 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 worth $30,000 after purchasing an additional 1,924 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in shares of N-able during the 3rd quarter worth about $82,000. Finally, Brevan Howard Capital Management LP acquired a new position in shares of N-able during the second quarter valued at about $90,000. 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.