N-able (NYSE:NABL) Trading Down 10.5% – Time to Sell?

N-able, Inc. (NYSE:NABL)’s share price was down 10.5% on Tuesday . The stock traded as low as $5.40 and last traded at $5.3810. Approximately 511,532 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 1,006,067 shares. The stock had previously closed at $6.01.

Analyst Ratings Changes

A number of research firms have commented on NABL. Zacks Research cut N-able from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Weiss Ratings restated a “sell (d)” rating on shares of N-able in a report on Thursday, January 22nd. B. Riley initiated coverage on shares of N-able in a research note on Friday, January 23rd. They set a “buy” rating and a $10.00 price target on the stock. Wall Street Zen lowered shares of N-able from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Finally, Royal Bank Of Canada upped their target price on shares of N-able from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, N-able currently has an average rating of “Hold” and a consensus target price of $9.45.

N-able Stock Performance

The stock has a 50-day moving average price of $7.16 and a 200 day moving average price of $7.64. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -185.17 and a beta of 0.61.

N-able (NYSE:NABL) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. N-able had a negative net margin of 1.31% and a positive return on equity of 4.17%. The company had revenue of $131.71 million during the quarter, compared to the consensus estimate of $127.48 million. During the same quarter in the previous year, the firm earned $0.13 earnings per share. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. On average, analysts forecast that N-able, Inc. will post 0.27 EPS for the current year.

Institutional Trading of N-able

A number of institutional investors have recently bought and sold shares of the business. Sunriver Management LLC increased its holdings in shares of N-able by 39.7% in the 2nd quarter. Sunriver Management LLC now owns 6,398,641 shares of the company’s stock valued at $51,829,000 after acquiring an additional 1,817,978 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its stake in N-able by 3.3% during the third quarter. ArrowMark Colorado Holdings LLC now owns 3,157,615 shares of the company’s stock worth $24,629,000 after purchasing an additional 100,539 shares during the last quarter. Geode Capital Management LLC boosted its holdings in N-able by 4.4% in the second quarter. Geode Capital Management LLC now owns 1,732,516 shares of the company’s stock valued at $14,035,000 after purchasing an additional 73,405 shares in the last quarter. Crescent Park Management L.P. boosted its holdings in N-able by 0.8% in the second quarter. Crescent Park Management L.P. now owns 1,310,560 shares of the company’s stock valued at $10,616,000 after purchasing an additional 10,071 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in N-able by 516.8% in the second quarter. Ameriprise Financial Inc. now owns 1,274,744 shares of the company’s stock valued at $10,325,000 after purchasing an additional 1,068,061 shares during the last quarter. 96.35% of the stock is owned by hedge funds and other institutional investors.

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.