N-able, Inc. (NYSE:NABL) Given Consensus Rating of “Hold” by Analysts

N-able, Inc. (NYSE:NABL) has received an average recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $7.75.

Several research analysts have recently commented on NABL shares. Scotiabank decreased their price objective on N-able from $8.75 to $5.25 and set a “sector perform” rating on the stock in a report on Friday, February 20th. BMO Capital Markets dropped their target price on N-able from $9.50 to $5.50 and set a “market perform” rating for the company in a report on Friday, February 20th. Weiss Ratings restated a “sell (d)” rating on shares of N-able in a research report on Thursday, January 22nd. William Blair reaffirmed an “underperform” rating on shares of N-able in a research note on Monday, March 23rd. Finally, Zacks Research downgraded N-able from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 25th.

N-able Price Performance

Shares of N-able stock opened at $5.28 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.19 and a current ratio of 1.19. N-able has a 52-week low of $4.14 and a 52-week high of $9.04. The company has a fifty day moving average of $4.85 and a 200-day moving average of $6.44. The stock has a market capitalization of $993.70 million, a price-to-earnings ratio of -58.61 and a beta of 0.58.

N-able (NYSE:NABL) last issued its earnings results on Thursday, February 19th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). N-able had a positive return on equity of 3.17% and a negative net margin of 3.33%.The business had revenue of $130.27 million during the quarter, compared to analysts’ expectations of $127.07 million. During the same quarter in the previous year, the business earned $0.10 EPS. N-able’s revenue for the quarter was up 11.8% compared to the same quarter last year. Equities research analysts expect that N-able will post 0.24 EPS for the current year.

Institutional Investors Weigh In On N-able

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OP Asset Management Ltd purchased a new stake in N-able during the 1st quarter valued at $536,000. Alpine Global Management LLC bought a new position in shares of N-able during the fourth quarter valued at about $182,000. Invesco Ltd. raised its stake in shares of N-able by 11.7% during the fourth quarter. Invesco Ltd. now owns 371,226 shares of the company’s stock valued at $2,777,000 after acquiring an additional 38,879 shares during the last quarter. State of Tennessee Department of Treasury boosted its holdings in shares of N-able by 103.2% during the fourth quarter. State of Tennessee Department of Treasury now owns 34,381 shares of the company’s stock worth $257,000 after purchasing an additional 17,461 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of N-able during the fourth quarter worth about $117,000. 96.35% of the stock is currently owned by institutional investors.

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.