Shares of N-able, Inc. (NYSE:NABL – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the five analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $9.3125.
NABL has been the subject of several recent analyst reports. Scotiabank reaffirmed a “sector perform” rating and set a $8.75 price objective (up previously from $8.30) on shares of N-able in a report on Friday, August 8th. Wall Street Zen raised shares of N-able from a “hold” rating to a “buy” rating in a research report on Friday, September 5th.
Check Out Our Latest Research Report on NABL
N-able Stock Performance
N-able (NYSE:NABL – Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. The firm had revenue of $131.25 million during the quarter, compared to analyst estimates of $125.87 million. N-able had a net margin of 0.59% and a return on equity of 4.13%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 earnings per share. N-able has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that N-able will post 0.27 earnings per share for the current fiscal year.
Insider Buying and Selling at N-able
In related news, Director Ann Johnson sold 34,568 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $7.70, for a total value of $266,173.60. Following the sale, the director directly owned 37,424 shares of the company’s stock, valued at approximately $288,164.80. The trade was a 48.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael I. Adler sold 31,728 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $7.72, for a total transaction of $244,940.16. Following the completion of the sale, the executive vice president directly owned 468,555 shares in the company, valued at $3,617,244.60. This represents a 6.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.
Institutional Investors Weigh In On N-able
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sunriver Management LLC increased its stake in shares of N-able by 39.7% during the 2nd quarter. Sunriver Management LLC now owns 6,398,641 shares of the company’s stock worth $51,829,000 after purchasing an additional 1,817,978 shares during the last quarter. Geode Capital Management LLC boosted its holdings in N-able by 4.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,732,516 shares of the company’s stock valued at $14,035,000 after purchasing an additional 73,405 shares during the period. Crescent Park Management L.P. boosted its holdings in N-able by 0.8% in the 2nd quarter. Crescent Park Management L.P. now owns 1,310,560 shares of the company’s stock valued at $10,616,000 after purchasing an additional 10,071 shares during the period. Ameriprise Financial Inc. boosted its position in shares of N-able by 516.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,274,744 shares of the company’s stock worth $10,325,000 after acquiring an additional 1,068,061 shares in the last quarter. Finally, Penserra Capital Management LLC acquired a new stake in shares of N-able during the 2nd quarter worth approximately $9,332,000. 96.35% of the stock is currently owned by institutional investors and hedge funds.
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.
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