Vanguard Group Inc. Has $73.15 Million Stake in N-able, Inc. $NABL

Vanguard Group Inc. trimmed its position in shares of N-able, Inc. (NYSE:NABL) by 2.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,779,211 shares of the company’s stock after selling 295,751 shares during the period. Vanguard Group Inc. owned 0.05% of N-able worth $73,148,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Topline Capital Management LLC acquired a new stake in N-able during the third quarter worth about $3,545,000. SG Americas Securities LLC acquired a new stake in shares of N-able in the 3rd quarter valued at approximately $973,000. Applied Fundamental Research LLC boosted its stake in shares of N-able by 18.3% in the 4th quarter. Applied Fundamental Research LLC now owns 1,252,829 shares of the company’s stock valued at $9,371,000 after purchasing an additional 193,680 shares in the last quarter. Savant Capital LLC boosted its stake in shares of N-able by 147.5% in the 3rd quarter. Savant Capital LLC now owns 44,382 shares of the company’s stock valued at $346,000 after purchasing an additional 26,450 shares in the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new stake in shares of N-able in the 3rd quarter valued at approximately $118,000. 96.35% of the stock is currently owned by institutional investors and hedge funds.

N-able Stock Down 6.1%

N-able stock opened at $3.32 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.26 and a current ratio of 1.26. N-able, Inc. has a 52-week low of $3.31 and a 52-week high of $9.04. The firm has a 50 day moving average price of $4.82 and a two-hundred day moving average price of $6.11. The firm has a market cap of $624.47 million, a price-to-earnings ratio of -66.30 and a beta of 0.64.

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 the consensus estimate of $0.09. N-able had a negative net margin of 1.99% and a positive return on equity of 3.40%. The firm had revenue of $133.68 million during the quarter, compared to analyst estimates of $131.62 million. During the same quarter last year, the business earned $0.08 EPS. The company’s revenue was up 13.1% compared to the same quarter last year. Equities analysts predict that N-able, Inc. will post 0.24 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on NABL. Wall Street Zen downgraded shares of N-able from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. William Blair restated an “underperform” rating on shares of N-able in a research note on Monday, March 23rd. BMO Capital Markets reduced their price target on shares of N-able from $9.50 to $5.50 and set a “market perform” rating on the stock in a research note on Friday, February 20th. Needham & Company LLC reduced their price target on shares of N-able from $8.00 to $6.50 and set a “buy” rating on the stock in a research note on Friday, May 8th. Finally, Scotiabank raised their price target on shares of N-able from $5.25 to $5.75 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $7.55.

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.