N-able, Inc. (NYSE:NABL) Receives Average Recommendation of “Hold” from Analysts

Shares of N-able, Inc. (NYSE:NABL) have earned a consensus recommendation of “Hold” from the eight analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $7.55.

NABL has been the topic of a number of analyst reports. BMO Capital Markets dropped their price objective on shares of N-able from $9.50 to $5.50 and set a “market perform” rating on the stock in a report on Friday, February 20th. B. Riley Financial initiated coverage on shares of N-able in a research report on Friday, January 23rd. They issued a “buy” rating and a $10.00 target price for the company. Scotiabank upped 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 report on Friday, May 8th. Needham & Company LLC decreased their target price on shares of N-able from $8.00 to $6.50 and set a “buy” rating for the company in a research report on Friday, May 8th. Finally, Zacks Research upgraded shares of N-able from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th.

Institutional Inflows and Outflows

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

N-able Trading Down 0.1%

N-able stock opened at $3.39 on Monday. The firm’s 50-day moving average is $4.79 and its 200-day moving average is $6.07. 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 has a 1 year low of $3.24 and a 1 year high of $9.04. The company has a market cap of $637.66 million, a P/E ratio of -67.70 and a beta of 0.64.

N-able (NYSE:NABL) last posted 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 negative net margin of 1.99% and a positive return on equity of 3.40%. The company had revenue of $133.68 million for the quarter, compared to the consensus estimate of $131.62 million. During the same period last year, the firm posted $0.08 EPS. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. On average, equities analysts expect that N-able will post 0.24 earnings per share for the current year.

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.