Topline Capital Management LLC Purchases New Position in N-able, Inc. $NABL

Topline Capital Management LLC acquired a new position in shares of N-able, Inc. (NYSE:NABL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 454,495 shares of the company’s stock, valued at approximately $3,545,000. N-able comprises approximately 0.6% of Topline Capital Management LLC’s investment portfolio, making the stock its 27th biggest holding. Topline Capital Management LLC owned approximately 0.24% of N-able as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning boosted its position in shares of N-able by 214.3% in the 2nd quarter. Creative Planning now owns 244,492 shares of the company’s stock valued at $1,980,000 after purchasing an additional 166,697 shares during the period. Los Angeles Capital Management LLC purchased a new stake in N-able in the second quarter valued at approximately $355,000. Scalar Gauge Management LLC boosted its holdings in shares of N-able by 421.1% in the second quarter. Scalar Gauge Management LLC now owns 445,534 shares of the company’s stock valued at $3,609,000 after acquiring an additional 360,039 shares during the period. Sunriver Management LLC boosted its holdings in shares of N-able by 39.7% in the second quarter. Sunriver Management LLC now owns 6,398,641 shares of the company’s stock valued at $51,829,000 after acquiring an additional 1,817,978 shares during the period. Finally, CenterBook Partners LP grew its position in shares of N-able by 57.9% during the second quarter. CenterBook Partners LP now owns 797,278 shares of the company’s stock worth $6,458,000 after acquiring an additional 292,222 shares during the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NABL. Zacks Research cut shares of N-able from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 25th. BMO Capital Markets lowered their price objective on shares of N-able from $9.50 to $5.50 and set a “market perform” rating on the stock in a research report on Friday, February 20th. B. Riley Financial initiated coverage on shares of N-able in a research note on Friday, January 23rd. They issued a “buy” rating and a $10.00 price objective on the stock. Scotiabank reduced their target price on shares of N-able from $8.75 to $5.25 and set a “sector perform” rating for the company in a report on Friday, February 20th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of N-able in a research note on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, N-able presently has an average rating of “Hold” and an average target price of $7.75.

N-able Stock Up 1.2%

NABL stock opened at $4.83 on Friday. The stock has a market capitalization of $908.93 million, a PE ratio of -53.61 and a beta of 0.65. The company has a fifty day moving average of $5.74 and a 200-day moving average of $7.06. 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, Inc. has a one year low of $4.15 and a one year high of $9.04.

N-able (NYSE:NABL) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The firm had revenue of $130.27 million for the quarter, compared to analyst estimates of $127.07 million. N-able had a positive return on equity of 3.17% and a negative net margin of 3.33%.The company’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 earnings per share. As a group, analysts expect that N-able, Inc. will post 0.27 EPS for the current year.

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.