Zacks Research Downgrades N-able (NYSE:NABL) to Hold

N-able (NYSE:NABL) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Other analysts have also recently issued reports about the stock. Wall Street Zen cut shares of N-able from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of N-able in a research note on Thursday, January 22nd. Royal Bank Of Canada upped their target price on N-able from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Finally, B. Riley began coverage on N-able in a research report on Friday, January 23rd. They set a “buy” rating and a $10.00 price target for the company. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, N-able presently has a consensus rating of “Hold” and a consensus target price of $9.45.

N-able Stock Down 2.5%

N-able stock opened at $6.42 on Tuesday. N-able has a 1-year low of $6.07 and a 1-year high of $10.41. The business has a fifty day moving average price of $7.23 and a 200-day moving average price of $7.68. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of -213.83 and a beta of 0.61.

N-able (NYSE:NABL) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. N-able had a positive return on equity of 4.17% and a negative net margin of 1.31%.The company had revenue of $131.71 million during the quarter, compared to analysts’ expectations of $127.48 million. During the same period last year, the business posted $0.13 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 will post 0.27 EPS for the current fiscal year.

Hedge Funds Weigh In On N-able

A number of institutional investors have recently modified their holdings of the stock. Applied Fundamental Research LLC lifted its holdings in shares of N-able by 18.3% in the 4th quarter. Applied Fundamental Research LLC now owns 1,252,829 shares of the company’s stock valued at $9,371,000 after buying an additional 193,680 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in N-able in the 4th quarter worth approximately $85,000. Harbor Capital Advisors Inc. grew its stake in shares of N-able by 10.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 22,386 shares of the company’s stock worth $167,000 after purchasing an additional 2,153 shares during the period. JPMorgan Chase & Co. grew its stake in shares of N-able by 11.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 359,727 shares of the company’s stock worth $2,806,000 after purchasing an additional 36,182 shares during the period. Finally, Dark Forest Capital Management LP increased its holdings in shares of N-able by 26.9% during the 3rd quarter. Dark Forest Capital Management LP now owns 199,697 shares of the company’s stock valued at $1,558,000 after purchasing an additional 42,355 shares in the last quarter. Hedge funds and other 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.