N-able (NYSE:NABL) Sets New 52-Week Low – What’s Next?

N-able, Inc. (NYSE:NABL) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $3.23 and last traded at $3.2450, with a volume of 872009 shares trading hands. The stock had previously closed at $3.48.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on NABL shares. Needham & Company LLC decreased their price objective on shares of N-able from $8.00 to $6.50 and set a “buy” rating for the company in a research note on Friday, May 8th. Weiss Ratings restated a “sell (d)” rating on shares of N-able in a research note on Tuesday, April 21st. Scotiabank increased their target price on shares of N-able from $5.25 to $5.75 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Wall Street Zen raised N-able from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, BMO Capital Markets lowered their price target on N-able from $9.50 to $5.50 and set a “market perform” rating on the stock in a report on Friday, February 20th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.55.

N-able Stock Performance

The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.49. The stock has a fifty day moving average of $4.36 and a 200-day moving average of $5.56. The stock has a market cap of $601.87 million, a PE ratio of -63.90 and a beta of 0.54.

N-able (NYSE:NABL) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. N-able had a positive return on equity of 3.40% and a negative net margin of 1.99%.The firm had revenue of $133.68 million for the quarter, compared to analyst estimates of $131.62 million. During the same quarter last year, the company posted $0.08 earnings per share. The business’s revenue was up 13.1% on a year-over-year basis. On average, equities analysts forecast that N-able, Inc. will post 0.22 EPS for the current year.

Institutional Investors Weigh In On N-able

Institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its position in shares of N-able by 212.6% during the 1st quarter. AQR Capital Management LLC now owns 124,549 shares of the company’s stock valued at $883,000 after acquiring an additional 84,712 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of N-able by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,485 shares of the company’s stock valued at $301,000 after acquiring an additional 1,825 shares during the period. American Century Companies Inc. acquired a new stake in shares of N-able during the 2nd quarter valued at approximately $396,000. Norges Bank acquired a new stake in shares of N-able during the 2nd quarter valued at approximately $327,000. Finally, Quantbot Technologies LP acquired a new stake in shares of N-able during the 2nd quarter valued at approximately $207,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.

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.