N-able (NYSE:NABL) Stock Rating Upgraded by Zacks Research

N-able (NYSE:NABL) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

NABL has been the topic of several other reports. 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. Weiss Ratings reiterated a “sell (d)” rating on shares of N-able in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada boosted their target price on N-able from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, N-able currently has a consensus rating of “Moderate Buy” and an average price target of $9.31.

N-able Stock Up 1.4%

Shares of NYSE NABL opened at $7.54 on Monday. 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 company has a market cap of $1.40 billion, a P/E ratio of -251.17 and a beta of 0.61. N-able has a 52 week low of $6.07 and a 52 week high of $10.41. The business has a 50-day simple moving average of $7.59 and a two-hundred day simple moving average of $7.83.

N-able (NYSE:NABL) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $131.71 million for the quarter, compared to the consensus estimate of $127.48 million. During the same period in the prior year, the firm posted $0.13 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. Research analysts anticipate that N-able will post 0.27 earnings per share for the current fiscal year.

Institutional Trading of N-able

Institutional investors have recently added to or reduced their stakes in the business. Dark Forest Capital Management LP grew its stake in shares of N-able by 26.9% during the third quarter. Dark Forest Capital Management LP now owns 199,697 shares of the company’s stock valued at $1,558,000 after buying an additional 42,355 shares during the last quarter. Verition Fund Management LLC grew its position in N-able by 18.6% during the 3rd quarter. Verition Fund Management LLC now owns 106,734 shares of the company’s stock worth $833,000 after acquiring an additional 16,752 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in N-able by 10.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 52,565 shares of the company’s stock worth $410,000 after purchasing an additional 5,140 shares during the period. Mariner LLC lifted its position in N-able by 105.1% in the third quarter. Mariner LLC now owns 57,352 shares of the company’s stock valued at $447,000 after purchasing an additional 29,384 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of N-able during the third quarter valued at approximately $111,000. 96.35% of the stock is currently owned by hedge funds and other 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.