Scotiabank Has Optimistic Outlook of N-able FY2027 Earnings

N-able, Inc. (NYSE:NABL) – Equities research analysts at Scotiabank increased their FY2027 earnings estimates for N-able in a research report issued to clients and investors on Thursday, May 14th. Scotiabank analyst J. Vandrick now expects that the company will earn $0.28 per share for the year, up from their prior forecast of $0.16. Scotiabank has a “Sector Perform” rating and a $5.75 price objective on the stock. The consensus estimate for N-able’s current full-year earnings is $0.24 per share.

N-able (NYSE:NABL) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The business had revenue of $133.68 million during the quarter, compared to analysts’ expectations 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 revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.08 EPS.

Other research analysts have also issued research reports about the stock. Needham & Company LLC cut their price objective on shares of N-able from $8.00 to $6.50 and set a “buy” rating for the company in a research report on Friday, May 8th. Zacks Research raised N-able from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. William Blair reaffirmed an “underperform” rating on shares of N-able in a report on Monday, March 23rd. Wall Street Zen upgraded N-able from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, B. Riley Financial initiated coverage on N-able in a report on Friday, January 23rd. They set a “buy” rating and a $10.00 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $7.55.

N-able Stock Performance

NYSE NABL opened at $3.59 on Monday. 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 firm has a market capitalization of $675.34 million, a price-to-earnings ratio of -71.70 and a beta of 0.64. The company’s fifty day moving average is $4.74 and its two-hundred day moving average is $6.01. N-able has a 52-week low of $3.24 and a 52-week high of $9.04.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NABL. Hantz Financial Services Inc. grew its position in N-able by 179.8% in the fourth quarter. Hantz Financial Services Inc. now owns 3,277 shares of the company’s stock valued at $25,000 after acquiring an additional 2,106 shares during the period. PNC Financial Services Group Inc. lifted its holdings in N-able by 93.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock valued at $30,000 after purchasing an additional 1,924 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in N-able by 1,970.5% during 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 last quarter. Sequoia Financial Advisors LLC acquired a new position in N-able in the first quarter valued at about $48,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in N-able in the third quarter valued at about $82,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

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.