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

N-able, Inc. (NYSE:NABL) has earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $7.75.

NABL has been the topic of several research reports. Needham & Company LLC lowered their price objective on shares of N-able from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. BMO Capital Markets decreased their target price on shares of N-able from $9.50 to $5.50 and set a “market perform” rating for the company in a research note on Friday, February 20th. B. Riley Financial started coverage on N-able in a research report on Friday, January 23rd. They issued a “buy” rating and a $10.00 price target on the stock. Scotiabank decreased their price objective 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. Finally, Zacks Research downgraded N-able from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 25th.

N-able Trading Down 2.8%

NYSE:NABL opened at $4.39 on Wednesday. The company has a market capitalization of $826.05 million, a PE ratio of -48.72 and a beta of 0.65. N-able has a 52-week low of $4.21 and a 52-week high of $10.09. The stock’s 50 day moving average price is $6.27 and its 200 day moving average price is $7.26. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.48.

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 analysts’ consensus estimates of $0.10 by ($0.04). The firm had revenue of $130.27 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 EPS. On average, research analysts anticipate that N-able will post 0.27 EPS for the current year.

Hedge Funds Weigh In On N-able

Several institutional investors have recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new stake in shares of N-able in the second quarter valued at about $355,000. Creative Planning lifted its position in N-able by 214.3% in the second quarter. Creative Planning now owns 244,492 shares of the company’s stock valued at $1,980,000 after purchasing an additional 166,697 shares during the period. Scalar Gauge Management LLC boosted its holdings in N-able by 421.1% in the 2nd quarter. Scalar Gauge Management LLC now owns 445,534 shares of the company’s stock valued at $3,609,000 after purchasing an additional 360,039 shares in the last quarter. Sunriver Management LLC boosted its holdings in N-able by 39.7% in the 2nd quarter. Sunriver Management LLC now owns 6,398,641 shares of the company’s stock valued at $51,829,000 after purchasing an additional 1,817,978 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd increased its position in N-able by 239.3% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 147,130 shares of the company’s stock worth $1,192,000 after purchasing an additional 103,767 shares during the period. 96.35% of the stock is owned by institutional investors and hedge funds.

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.