N-able (NYSE:NABL) Stock Rating Lowered by Zacks Research

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

Other analysts have also recently issued reports about the company. Needham & Company LLC lowered their price target on N-able from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, February 20th. BMO Capital Markets decreased their price objective on shares of N-able from $9.50 to $5.50 and set a “market perform” rating for the company in a report on Friday, February 20th. Wall Street Zen lowered shares of N-able from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Weiss Ratings reissued a “sell (d)” rating on shares of N-able in a research report on Thursday, January 22nd. Finally, B. Riley Financial began coverage on shares of N-able in a research report on Friday, January 23rd. They issued a “buy” rating and a $10.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $7.75.

N-able Stock Performance

Shares of N-able stock opened at $4.48 on Wednesday. The firm has a fifty day moving average of $6.33 and a two-hundred day moving average of $7.28. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.27 and a current ratio of 1.19. The stock has a market capitalization of $834.76 million, a price-to-earnings ratio of -49.78 and a beta of 0.60. N-able has a 52 week low of $4.31 and a 52 week high of $10.27.

N-able (NYSE:NABL) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). The company had revenue of $130.27 million during the quarter, compared to the consensus estimate of $127.07 million. N-able had a positive return on equity of 3.17% and a negative net margin of 3.33%.The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. As a group, equities research analysts predict that N-able will post 0.27 EPS for the current year.

Institutional Trading of N-able

A number of institutional investors have recently modified their holdings of NABL. Hantz Financial Services Inc. grew its holdings in shares of N-able by 179.8% during the fourth quarter. Hantz Financial Services Inc. now owns 3,277 shares of the company’s stock worth $25,000 after buying an additional 2,106 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position 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 worth $31,000 after acquiring an additional 3,606 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of N-able by 93.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock worth $30,000 after acquiring an additional 1,924 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in shares of N-able during the 3rd quarter worth approximately $82,000. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of N-able in the second quarter valued at approximately $90,000. 96.35% of the stock is currently owned by 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.