CenterBook Partners LP Boosts Stock Position in N-able, Inc. $NABL

CenterBook Partners LP boosted its holdings in shares of N-able, Inc. (NYSE:NABL) by 32.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,084,990 shares of the company’s stock after acquiring an additional 266,806 shares during the quarter. CenterBook Partners LP owned 0.58% of N-able worth $8,116,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of NABL. Hantz Financial Services Inc. boosted its holdings in N-able by 179.8% during the 4th 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. boosted 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 acquiring an additional 1,924 shares during the period. EverSource Wealth Advisors LLC boosted 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 acquiring an additional 3,606 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new position in N-able during the 3rd quarter valued at $82,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in N-able during the 4th quarter valued at $85,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on NABL shares. Scotiabank upped their target price on N-able from $5.25 to $5.75 and gave the stock a “sector perform” rating in a report on Friday, May 8th. BMO Capital Markets lowered their price target on N-able from $9.50 to $5.50 and set a “market perform” rating on the stock in a research report on Friday, February 20th. William Blair reiterated an “underperform” rating on shares of N-able in a research note on Monday, March 23rd. Wall Street Zen upgraded N-able from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Zacks Research upgraded N-able from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $7.55.

N-able Stock Up 0.1%

Shares of NABL opened at $3.78 on Monday. N-able, Inc. has a one year low of $3.24 and a one year high of $9.04. The stock has a market capitalization of $712.64 million, a price-to-earnings ratio of -75.66 and a beta of 0.54. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a 50 day moving average price of $4.44 and a 200 day moving average price of $5.64.

N-able (NYSE:NABL) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. N-able had a positive return on equity of 3.40% and a negative net margin of 1.99%.The firm had revenue of $133.68 million for the quarter, compared to the consensus estimate of $131.62 million. During the same quarter last year, the business posted $0.08 earnings per share. The firm’s revenue was up 13.1% compared to the same quarter last year. Equities research analysts forecast that N-able, Inc. will post 0.22 earnings per share for the current fiscal year.

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.