N-able, Inc. (NYSE:NABL) Stock Has Average Target Price of $5.08 According to Analysts

N-able, Inc. (NYSE:NABL) has been given an average rating of “Hold” by the eight brokerages that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $5.08.

Several research firms recently commented on NABL. Weiss Ratings restated a “sell (d)” rating on shares of N-able in a research note on Friday, July 17th. Scotiabank lowered their price target on shares of N-able from $5.75 to $3.65 and set a “sector perform” rating on the stock in a research report on Tuesday, August 11th. BMO Capital Markets dropped their price objective on shares of N-able from $6.00 to $3.75 and set a “market perform” rating for the company in a research note on Tuesday, August 11th. Needham & Company LLC cut their price objective on shares of N-able from $6.50 to $4.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Finally, Zacks Research upgraded shares of N-able from a “strong sell” rating to a “hold” rating in a research report on Friday, August 14th.

N-able Stock Performance

NABL opened at $4.63 on Thursday. The business has a fifty day simple moving average of $4.03 and a 200 day simple moving average of $4.15. The company has a market capitalization of $875.60 million, a PE ratio of -231.75 and a beta of 0.46. N-able has a 1 year low of $2.92 and a 1 year high of $8.73. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.30 and a quick ratio of 1.30.

N-able (NYSE:NABL) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates of $0.10. N-able had a positive return on equity of 3.55% and a negative net margin of 0.88%. The firm had revenue of $138.22 million for the quarter, compared to analyst estimates of $138.08 million. During the same period in the prior year, the firm posted $0.11 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. Research analysts expect that N-able will post 0.23 EPS for the current year.

N-able announced that its board has authorized a share repurchase plan on Friday, August 28th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to buy up to 6.7% of its shares through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On N-able

Large investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC bought a new position in N-able during the 1st quarter worth $48,000. PNC Financial Services Group Inc. lifted its position in shares of N-able by 251.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,983 shares of the company’s stock valued at $65,000 after acquiring an additional 10,007 shares during the period. Fifth Third Bancorp grew its holdings in shares of N-able by 988.2% during the 1st quarter. Fifth Third Bancorp now owns 19,414 shares of the company’s stock worth $91,000 after purchasing an additional 17,630 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of N-able during the 1st quarter worth $92,000. Finally, Abel Hall LLC acquired a new stake in shares of N-able during the 1st quarter worth $94,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

About N-able

N-able, Inc (NYSE: NABL) provides cloud-based software and technology solutions designed for managed service providers (MSPs). Its platform helps MSPs monitor, manage, secure and support the information technology environments of small and medium-sized businesses.

The company’s offerings include remote monitoring and management, endpoint protection, data backup and recovery, password and documentation management, email security, vulnerability assessment and other cybersecurity tools. Its product portfolio includes N-central, N-sight, Cove Data Protection, Passportal and Mail Assure, among other solutions.