N-able, Inc. (NYSE:NABL) Receives $7.75 Consensus Price Target from Brokerages

Shares of N-able, Inc. (NYSE:NABL) have received an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $7.75.

Several brokerages have recently issued reports on NABL. Weiss Ratings reissued a “sell (d)” rating on shares of N-able in a report on Thursday, January 22nd. Zacks Research downgraded N-able from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 25th. Needham & Company LLC reiterated a “buy” rating and set a $8.00 target price on shares of N-able in a report on Thursday, March 19th. William Blair reissued an “underperform” rating on shares of N-able in a research note on Monday. Finally, B. Riley Financial assumed coverage on N-able in a research note on Friday, January 23rd. They issued a “buy” rating and a $10.00 target price for the company.

N-able Stock Performance

Shares of NABL stock opened at $4.79 on Friday. The stock has a market cap of $901.40 million, a PE ratio of -53.17 and a beta of 0.65. The stock has a 50-day moving average of $5.32 and a 200-day moving average of $6.87. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 1.19. N-able has a one year low of $4.15 and a one year high of $9.04.

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

Hedge Funds Weigh In On N-able

Several institutional investors and hedge funds have recently modified their holdings of NABL. iSAM Funds UK Ltd raised its holdings in N-able by 13.5% during the 3rd quarter. iSAM Funds UK Ltd now owns 12,972 shares of the company’s stock worth $101,000 after buying an additional 1,541 shares during the period. Ethic Inc. boosted its holdings in shares of N-able by 10.6% in the third quarter. Ethic Inc. now owns 16,088 shares of the company’s stock valued at $125,000 after buying an additional 1,545 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of N-able by 9.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,445 shares of the company’s stock valued at $149,000 after buying an additional 1,553 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of N-able by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,485 shares of the company’s stock worth $301,000 after acquiring an additional 1,825 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of N-able by 93.8% during the fourth 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 during the period. 96.35% of the stock is currently owned by institutional investors and hedge funds.

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.