William Blair Reiterates Underperform Rating for N-able (NYSE:NABL)

N-able (NYSE:NABL)‘s stock had its “underperform” rating reiterated by stock analysts at William Blair in a report released on Monday.

NABL has been the topic of several other research reports. B. Riley Financial began coverage on shares of N-able in a report on Friday, January 23rd. They issued a “buy” rating and a $10.00 price target on the stock. Needham & Company LLC restated a “buy” rating and issued a $8.00 target price on shares of N-able in a research note on Thursday. Scotiabank dropped 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. BMO Capital Markets cut their price objective on N-able from $9.50 to $5.50 and set a “market perform” rating for the company in a report on Friday, February 20th. Finally, Zacks Research cut shares of N-able from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 25th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $7.75.

N-able Stock Down 0.9%

NABL stock opened at $5.02 on Monday. The stock has a 50-day simple moving average of $5.51 and a two-hundred day simple moving average of $6.94. N-able has a twelve month low of $4.15 and a twelve month high of $9.04. The firm has a market capitalization of $946.04 million, a PE ratio of -55.80 and a beta of 0.65. 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 announced its quarterly earnings results on Thursday, February 19th. The company reported $0.06 earnings per share (EPS) 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 positive return on equity of 3.17% and a negative net margin of 3.33%.The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 earnings per share. On average, equities analysts predict that N-able will post 0.27 EPS for the current fiscal year.

Hedge Funds Weigh In On N-able

Large investors have recently modified their holdings of the company. Hantz Financial Services Inc. boosted its stake in N-able by 179.8% in 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 in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of N-able by 93.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock worth $30,000 after acquiring an additional 1,924 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of N-able by 1,970.5% during the second quarter. EverSource Wealth Advisors LLC now owns 3,789 shares of the company’s stock worth $31,000 after acquiring an additional 3,606 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in shares of N-able in the 3rd quarter worth approximately $82,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of N-able in the 4th quarter worth approximately $85,000. 96.35% of the stock is owned by hedge funds and other institutional investors.

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.