Brokerages Set N-able, Inc. (NYSE:NABL) PT at $9.31

Shares of N-able, Inc. (NYSE:NABL) have received an average recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $9.3125.

Several equities analysts have commented on NABL shares. Royal Bank Of Canada raised their target price on shares of N-able from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Wall Street Zen cut shares of N-able from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of N-able in a research report on Wednesday, October 8th.

N-able Price Performance

Shares of NYSE NABL opened at $7.61 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.40. The business’s 50 day moving average price is $7.65 and its two-hundred day moving average price is $7.87. The company has a market cap of $1.42 billion, a PE ratio of -253.80 and a beta of 0.62. N-able has a twelve month low of $6.07 and a twelve month high of $10.41.

N-able (NYSE:NABL) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.04. N-able had a negative net margin of 1.31% and a positive return on equity of 4.17%. The company had revenue of $131.71 million for the quarter, compared to analyst estimates of $127.48 million. During the same period in the prior year, the firm earned $0.13 earnings per share. The company’s revenue was up 13.1% on a year-over-year basis. On average, analysts predict that N-able will post 0.27 EPS for the current year.

Institutional Trading of N-able

Hedge funds and other institutional investors have recently modified their holdings of the stock. iSAM Funds UK Ltd grew its position in shares of N-able by 13.5% in the 3rd quarter. iSAM Funds UK Ltd now owns 12,972 shares of the company’s stock valued at $101,000 after buying an additional 1,541 shares during the last quarter. Ethic Inc. raised its position in shares of N-able by 10.6% during the third quarter. Ethic Inc. now owns 16,088 shares of the company’s stock worth $125,000 after acquiring an additional 1,545 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of N-able by 9.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,445 shares of the company’s stock worth $149,000 after acquiring an additional 1,553 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 valued at $301,000 after acquiring an additional 1,825 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in N-able by 0.7% during the 2nd quarter. Lazard Asset Management LLC now owns 319,379 shares of the company’s stock valued at $2,586,000 after purchasing an additional 2,100 shares during the period. Institutional investors own 96.35% of the company’s stock.

About N-able

N-able, Inc provides cloud-based software solutions for managed service providers in the United States, the United Kingdom, and internationally. The company's solutions enable MSPs to support digital transformation and growth within small and medium-sized enterprises. It provides software platform designed to be an integrated, enterprise-grade solution that serves as an operating system for its MSP partners and scales as their businesses grow.