N-able (NYSE:NABL) Shares Gap Up – Time to Buy?

N-able, Inc. (NYSE:NABL) shares gapped up before the market opened on Thursday . The stock had previously closed at $5.32, but opened at $5.63. N-able shares last traded at $4.7750, with a volume of 1,071,132 shares.

Analysts Set New Price Targets

Several brokerages have recently commented on NABL. Wall Street Zen downgraded shares of N-able from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 6th. Zacks Research downgraded shares of N-able from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. B. Riley Financial started coverage on shares of N-able in a research note on Friday, January 23rd. They issued a “buy” rating and a $10.00 price objective for the company. Royal Bank Of Canada boosted their target price on N-able from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of N-able in a report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.45.

N-able Stock Down 10.1%

The stock’s 50-day moving average price is $6.70 and its two-hundred day moving average price is $7.42. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $891.59 million, a P/E ratio of -158.83 and a beta of 0.60.

N-able (NYSE:NABL) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.04). N-able had a negative net margin of 1.31% and a positive return on equity of 4.17%. The firm had revenue of $130.27 million during the quarter, compared to analysts’ expectations of $127.07 million. During the same quarter in the previous year, the company posted $0.10 EPS. N-able’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, research analysts expect that N-able, Inc. will post 0.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Sunriver Management LLC lifted its holdings in 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 during the last quarter. Defiance ETFs LLC purchased a new position in shares of N-able in the fourth quarter worth about $8,954,000. Penserra Capital Management LLC bought a new stake in shares of N-able in the second quarter valued at approximately $9,332,000. Ameriprise Financial Inc. lifted its stake 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. Finally, Bank of America Corp DE lifted its stake in shares of N-able by 271.8% during the 2nd quarter. Bank of America Corp DE now owns 679,119 shares of the company’s stock valued at $5,501,000 after buying an additional 496,461 shares in the last quarter. 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.