N-able (NYSE:NABL) Shares Gap Down – Time to Sell?

N-able, Inc. (NYSE:NABL)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $4.36, but opened at $4.18. N-able shares last traded at $4.2740, with a volume of 73,544 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of N-able in a research note on Tuesday, April 21st. Needham & Company LLC lowered their price target on shares of N-able from $8.00 to $6.50 and set a “buy” rating for the company in a report on Friday, May 8th. Zacks Research upgraded N-able from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. William Blair reissued an “underperform” rating on shares of N-able in a report on Monday, March 23rd. Finally, Scotiabank boosted their price objective on N-able from $5.25 to $5.75 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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 business’s 50-day simple moving average is $3.81 and its two-hundred day simple moving average is $5.00. The firm has a market cap of $807.21 million, a price-to-earnings ratio of -85.30 and a beta of 0.53.

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 negative net margin of 1.99% and a positive return on equity of 3.40%. The firm had revenue of $133.68 million for the quarter, compared to the consensus estimate of $131.62 million. During the same quarter in the previous year, the company earned $0.08 EPS. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. As a group, research analysts expect that N-able, Inc. will post 0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On N-able

Several hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC raised its position in shares of N-able by 212.6% in the 1st quarter. AQR Capital Management LLC now owns 124,549 shares of the company’s stock worth $883,000 after acquiring an additional 84,712 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in N-able by 4.5% during 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. acquired a new stake in N-able during the second quarter worth approximately $396,000. Norges Bank bought a new stake in N-able in the second quarter worth approximately $327,000. Finally, Quantbot Technologies LP bought a new stake in N-able in the second quarter worth approximately $207,000. Institutional investors and hedge funds 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.