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

Shares of N-able, Inc. (NYSE:NABL) have earned an average rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $7.75.

A number of equities analysts have weighed in on the company. Weiss Ratings reissued a “sell (d)” rating on shares of N-able in a research report on Thursday, January 22nd. Zacks Research cut shares of N-able from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 25th. B. Riley Financial assumed coverage on shares of N-able in a report on Friday, January 23rd. They issued a “buy” rating and a $10.00 target price on the stock. Scotiabank cut 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 research report on Friday, February 20th. Finally, Needham & Company LLC lowered their price target on N-able from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, February 20th.

Institutional Investors Weigh In On N-able

Large investors have recently made changes to their positions in the company. iSAM Funds UK Ltd lifted its stake in shares of N-able by 13.5% in the 3rd quarter. iSAM Funds UK Ltd now owns 12,972 shares of the company’s stock worth $101,000 after purchasing an additional 1,541 shares during the period. Ethic Inc. increased its holdings in N-able by 10.6% during the third quarter. Ethic Inc. now owns 16,088 shares of the company’s stock valued at $125,000 after buying an additional 1,545 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in N-able by 9.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,445 shares of the company’s stock worth $149,000 after acquiring an additional 1,553 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of N-able by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,485 shares of the company’s stock worth $301,000 after acquiring an additional 1,825 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of N-able by 93.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock valued at $30,000 after acquiring an additional 1,924 shares during the period. 96.35% of the stock is currently owned by institutional investors.

N-able Stock Performance

NABL stock opened at $4.68 on Wednesday. The stock’s 50 day simple moving average is $6.15 and its 200 day simple moving average is $7.21. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.48. N-able has a 12-month low of $4.15 and a 12-month high of $9.04. The stock has a market capitalization of $881.62 million, a PE ratio of -52.00 and a beta of 0.65.

N-able (NYSE:NABL) last posted 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). The business had revenue of $130.27 million during the quarter, compared to the consensus estimate of $127.07 million. N-able had a positive return on equity of 3.17% and a negative net margin of 3.33%.The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 EPS. As a group, research analysts forecast that N-able will post 0.27 earnings per share for the current fiscal 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.