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

N-able, Inc. (NYSE:NABL) has been given an average recommendation of “Hold” by the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $7.55.

Several research analysts have commented on NABL shares. BMO Capital Markets lowered their price objective on shares of N-able from $9.50 to $5.50 and set a “market perform” rating for the company in a research report on Friday, February 20th. Zacks Research upgraded shares of N-able from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Scotiabank upped their price target on shares of N-able from $5.25 to $5.75 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of N-able in a report on Tuesday, April 21st. Finally, B. Riley Financial began coverage on shares of N-able in a report on Friday, January 23rd. They set a “buy” rating and a $10.00 price target for the company.

N-able Stock Up 2.0%

Shares of NABL opened at $3.39 on Monday. N-able has a one year low of $3.24 and a one year high of $9.04. The company has a market cap of $637.67 million, a P/E ratio of -67.70 and a beta of 0.64. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a 50 day simple moving average of $4.79 and a two-hundred day simple moving average of $6.09.

N-able (NYSE:NABL) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. N-able had a negative net margin of 1.99% and a positive return on equity of 3.40%. The business had revenue of $133.68 million during the quarter, compared to the consensus estimate of $131.62 million. During the same period in the previous year, the business earned $0.08 earnings per share. The company’s revenue was up 13.1% on a year-over-year basis. Research analysts forecast that N-able will post 0.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NABL. AQR Capital Management LLC increased its holdings in shares of N-able by 212.6% during the first quarter. AQR Capital Management LLC now owns 124,549 shares of the company’s stock worth $883,000 after buying an additional 84,712 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of N-able by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,485 shares of the company’s stock worth $301,000 after buying an additional 1,825 shares in the last quarter. American Century Companies Inc. acquired a new position in shares of N-able during the second quarter worth $396,000. Norges Bank acquired a new position in shares of N-able during the second quarter worth $327,000. Finally, Quantbot Technologies LP acquired a new position in shares of N-able during the second quarter worth $207,000. 96.35% of the stock is currently owned by institutional investors and hedge funds.

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.