N-able (NYSE:NABL) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of N-able (NYSE:NABL) from a hold rating to a buy rating in a research note issued to investors on Saturday.

Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets lowered their price target on 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. William Blair reissued an “underperform” rating on shares of N-able in a research note on Monday, March 23rd. Needham & Company LLC lowered their price target on N-able from $8.00 to $6.50 and set a “buy” rating for the company in a research note on Friday, May 8th. Zacks Research raised N-able from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Scotiabank boosted their price target on N-able from $5.25 to $5.75 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, N-able currently has an average rating of “Hold” and an average target price of $7.55.

N-able Price Performance

Shares of NABL opened at $3.39 on Friday. The company has a market capitalization of $637.67 million, a price-to-earnings ratio of -67.70 and a beta of 0.64. N-able has a fifty-two week low of $3.24 and a fifty-two week high of $9.04. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.26 and a quick ratio of 1.26. The business’s 50-day moving average is $4.79 and its 200-day moving average is $6.09.

N-able (NYSE:NABL) last issued its earnings results on Thursday, May 7th. The company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. The company had revenue of $133.68 million for the quarter, compared to the consensus estimate of $131.62 million. N-able had a positive return on equity of 3.40% and a negative net margin of 1.99%.The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 EPS. Equities research analysts expect that N-able will post 0.24 EPS for the current fiscal year.

Institutional Investors Weigh In On N-able

A number of large investors have recently added to or reduced their stakes in the stock. Quantinno Capital Management LP boosted its position in N-able by 522.0% during the first quarter. Quantinno Capital Management LP now owns 141,980 shares of the company’s stock worth $663,000 after purchasing an additional 119,155 shares during the period. Renaissance Technologies LLC boosted its position in N-able by 68.4% during the first quarter. Renaissance Technologies LLC now owns 880,500 shares of the company’s stock worth $4,112,000 after purchasing an additional 357,500 shares during the period. Teton Advisors LLC bought a new stake in N-able during the first quarter worth approximately $117,000. Gabelli Funds LLC boosted its position in N-able by 33.2% during the first quarter. Gabelli Funds LLC now owns 200,657 shares of the company’s stock worth $937,000 after purchasing an additional 50,048 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in N-able by 26.4% during the first quarter. Public Employees Retirement System of Ohio now owns 66,465 shares of the company’s stock worth $310,000 after purchasing an additional 13,900 shares during the period. Institutional investors 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.