N-able (NYSE:NABL) Reaches New 12-Month Low – Should You Sell?

N-able, Inc. (NYSE:NABL) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $5.33 and last traded at $5.5150, with a volume of 1554109 shares. The stock had previously closed at $5.61.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. B. Riley Financial initiated coverage on N-able in a research report on Friday, January 23rd. They set a “buy” rating and a $10.00 price target on the stock. 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 report on Friday, November 7th. Weiss Ratings reissued a “sell (d)” rating on shares of N-able in a report on Thursday, January 22nd. Zacks Research cut shares of N-able from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Finally, Wall Street Zen lowered N-able from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, N-able presently has an average rating of “Hold” and an average target price of $9.45.

N-able Stock Performance

The company’s 50-day moving average price is $6.99 and its two-hundred day moving average price is $7.55. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market cap of $1.03 billion, a PE ratio of -183.83 and a beta of 0.60.

Institutional Investors Weigh In On N-able

Institutional investors and hedge funds have recently modified their holdings of the stock. Sunriver Management LLC boosted its position in shares of N-able by 39.7% during the second quarter. Sunriver Management LLC now owns 6,398,641 shares of the company’s stock valued at $51,829,000 after purchasing an additional 1,817,978 shares in the last quarter. Penserra Capital Management LLC purchased a new position in N-able during the second quarter valued at $9,332,000. Ameriprise Financial Inc. boosted its holdings in shares of N-able by 516.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,274,744 shares of the company’s stock valued at $10,325,000 after buying an additional 1,068,061 shares in the last quarter. Bank of America Corp DE grew its position in shares of N-able by 271.8% in the 2nd quarter. Bank of America Corp DE now owns 679,119 shares of the company’s stock worth $5,501,000 after buying an additional 496,461 shares during the period. Finally, Topline Capital Management LLC purchased a new stake in shares of N-able in the 3rd quarter worth about $3,545,000. 96.35% of the stock is owned by hedge funds and other institutional investors.

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.