N-able (NYSE:NABL) Stock Price Target Raised at Scotiabank

N-able (NYSE:NABL – Free Report) had its target price hoisted by Scotiabank from $3.65 to $5.45 in a report released on Friday,Benzinga reports. The firm currently has a sector perform rating on the stock.

NABL has been the topic of several other reports. Zacks Research raised shares of N-able from a “strong sell” rating to a “hold” rating in a research report on Friday, August 14th. BMO Capital Markets lowered their target price on shares of N-able from $6.00 to $3.75 and set a “market perform” rating on the stock in a research note on Tuesday, August 11th. Wall Street Zen upgraded shares of N-able from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Royal Bank Of Canada lowered shares of N-able from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $6.00 to $4.00 in a research report on Tuesday, August 11th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of N-able in a report on Thursday, October 15th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, N-able presently has a consensus rating of “Hold” and a consensus price target of $6.04.

Get Our Latest Analysis on NABL

N-able Stock Down 1.9%

NYSE NABL traded down $0.10 during trading on Friday, reaching $4.83. The company’s stock had a trading volume of 1,975,965 shares, compared to its average volume of 1,339,007. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $911.49 million, a PE ratio of -96.50 and a beta of 0.39. The business has a 50-day moving average price of $4.41 and a 200-day moving average price of $4.47. N-able has a 1-year low of $2.92 and a 1-year high of $8.54.

N-able (NYSE:NABL – Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The company had revenue of $137.45 million during the quarter, compared to the consensus estimate of $135.03 million. N-able had a negative net margin of 0.88% and a positive return on equity of 3.55%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 earnings per share. On average, research analysts forecast that N-able will post 0.23 earnings per share for the current fiscal year.

N-able announced that its board has authorized a stock repurchase plan on Friday, August 28th that allows the company to repurchase $50 million in shares. This repurchase authorization allows the company to purchase up to 6.7% of its shares through open market purchases. Share repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On N-able

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC raised its stake in N-able by 165.3% during the 3rd quarter. Signaturefd LLC now owns 9,332 shares of the company’s stock valued at $38,000 after purchasing an additional 5,815 shares during the last quarter. PNC Financial Services Group Inc. grew its position in N-able by 251.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,983 shares of the company’s stock worth $65,000 after purchasing an additional 10,007 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of N-able during the 1st quarter worth about $48,000. Public Employees Retirement System of Ohio increased its holdings in shares of N-able by 26.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 66,465 shares of the company’s stock worth $310,000 after purchasing an additional 13,900 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of N-able by 988.2% during the first quarter. Fifth Third Bancorp now owns 19,414 shares of the company’s stock valued at $91,000 after buying an additional 17,630 shares during the last quarter. Institutional investors own 96.35% of the company’s stock.

More N-able News

Here are the key news stories impacting N-able this week:

N-able Company Profile

(Get Free Report)

N-able, Inc is a software company that provides technology solutions to managed service providers (MSPs). Its platform helps MSPs monitor, manage, secure and support the information technology environments of small and midsize businesses through cloud-based tools and services.

The company’s offerings include remote monitoring and management software, endpoint security, backup and disaster recovery, email security, password management, and other cybersecurity and data protection solutions.

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Analyst Recommendations for N-able (NYSE:NABL)

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