N-able, Inc. (NYSE:NABL) Receives $7.75 Average Price Target from Analysts

N-able, Inc. (NYSE:NABL) has been assigned a consensus rating of “Hold” from the eight research firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $7.75.

Several research analysts have commented on NABL shares. Scotiabank cut their target price 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 cut their price objective on N-able from $9.50 to $5.50 and set a “market perform” rating on the stock in a research note on Friday, February 20th. Needham & Company LLC reduced their target price on N-able from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, February 20th. B. Riley Financial began coverage on shares of N-able in a research report on Friday, January 23rd. They set a “buy” rating and a $10.00 target price for the company. Finally, Wall Street Zen downgraded shares of N-able from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st.

N-able Trading Down 2.8%

NABL opened at $4.39 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 1.27. N-able has a fifty-two week low of $4.21 and a fifty-two week high of $10.09. The company’s 50 day moving average price is $6.27 and its two-hundred day moving average price is $7.26. The firm has a market capitalization of $817.06 million, a price-to-earnings ratio of -48.72 and a beta of 0.60.

N-able (NYSE:NABL) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). N-able had a negative net margin of 3.33% and a positive return on equity of 3.17%. The business had revenue of $130.27 million for the quarter, compared to the consensus estimate of $127.07 million. During the same period in the previous year, the business posted $0.10 EPS. N-able’s revenue was up 11.8% on a year-over-year basis. As a group, research analysts predict that N-able will post 0.27 earnings per share for the current year.

Institutional Trading of N-able

A number of large investors have recently bought and sold shares of the business. Hantz Financial Services Inc. lifted its stake in shares of N-able by 179.8% in the 4th quarter. Hantz Financial Services Inc. now owns 3,277 shares of the company’s stock valued at $25,000 after purchasing an additional 2,106 shares during the period. PNC Financial Services Group Inc. increased its holdings in N-able by 93.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock worth $30,000 after purchasing an additional 1,924 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in N-able by 1,970.5% in the second quarter. EverSource Wealth Advisors LLC now owns 3,789 shares of the company’s stock worth $31,000 after purchasing an additional 3,606 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in N-able in the third quarter valued at approximately $82,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of N-able during the 4th quarter worth approximately $85,000. 96.35% of the stock is currently owned by institutional investors and hedge funds.

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.