N-able (NYSE:NABL) Hits New 1-Year Low – Time to Sell?

N-able, Inc. (NYSE:NABL) reached a new 52-week low 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.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NABL shares. Weiss Ratings restated a “sell (d)” rating on shares of N-able in a research note on Tuesday, April 21st. Wall Street Zen upgraded N-able from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. William Blair restated an “underperform” rating on shares of N-able in a research note on Monday, March 23rd. Scotiabank upped their price objective on N-able from $5.25 to $5.75 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Finally, Needham & Company LLC reduced their price objective on N-able from $8.00 to $6.50 and set a “buy” rating for the company in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $7.55.

N-able Price Performance

The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.49. The firm has a market cap of $616.94 million, a PE ratio of -65.50 and a beta of 0.54. The stock has a 50 day simple moving average of $4.42 and a 200-day simple moving average of $5.61.

N-able (NYSE:NABL) last issued 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 business had revenue of $133.68 million during the quarter, compared to analyst estimates of $131.62 million. During the same quarter in the prior year, the business posted $0.08 EPS. N-able’s revenue for the quarter was up 13.1% compared to the same quarter last year. Equities analysts anticipate that N-able, Inc. will post 0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On N-able

A number of institutional investors have recently bought and sold shares of the business. Topline Capital Management LLC purchased a new position in shares of N-able during the third quarter valued at about $3,545,000. Applied Fundamental Research LLC grew its position in shares of N-able by 18.3% during the fourth 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. CenterBook Partners LP grew its position in shares of N-able by 32.6% during the fourth quarter. CenterBook Partners LP now owns 1,084,990 shares of the company’s stock valued at $8,116,000 after purchasing an additional 266,806 shares in the last quarter. UBS Group AG grew its position in shares of N-able by 66.0% during the fourth quarter. UBS Group AG now owns 413,492 shares of the company’s stock valued at $3,093,000 after purchasing an additional 164,340 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in shares of N-able by 10.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 22,386 shares of the company’s stock valued at $167,000 after purchasing an additional 2,153 shares in the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

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.