N-able (NYSE:NABL) Reaches New 12-Month Low – Here’s Why

N-able, Inc. (NYSE:NABL) shares reached a new 52-week low during trading on Monday . The stock traded as low as $4.15 and last traded at $4.2950, with a volume of 2948393 shares. The stock had previously closed at $4.40.

Analysts Set New Price Targets

NABL has been the topic of several recent research reports. Royal Bank Of Canada increased 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. Wall Street Zen cut N-able from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. BMO Capital Markets cut their target price on N-able from $9.50 to $5.50 and set a “market perform” rating for the company in a research note on Friday, February 20th. B. Riley Financial initiated coverage on N-able in a report on Friday, January 23rd. They set a “buy” rating and a $10.00 target price for the company. Finally, Zacks Research downgraded shares of N-able from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 25th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.75.

N-able Stock Up 2.8%

The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 1.19. The company has a fifty day moving average price of $6.15 and a 200 day moving average price of $7.21. The company has a market cap of $902.34 million, a PE ratio of -53.22 and a beta of 0.65.

N-able (NYSE:NABL) last announced its 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 company had revenue of $130.27 million for the quarter, compared to the consensus estimate of $127.07 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, analysts anticipate that N-able, Inc. will post 0.27 EPS for the current year.

Institutional Investors Weigh In On N-able

Large investors have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its holdings 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 worth $25,000 after purchasing an additional 2,106 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in N-able by 93.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock worth $30,000 after buying an additional 1,924 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in N-able by 1,970.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,789 shares of the company’s stock worth $31,000 after buying an additional 3,606 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in N-able in the third quarter worth approximately $82,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in N-able during the fourth quarter valued at approximately $85,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.

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.