Brokerages Set N-able, Inc. (NYSE:NABL) Target Price at $7.55

N-able, Inc. (NYSE:NABL) has been assigned a consensus recommendation of “Hold” from the eight ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $7.55.

Several research analysts recently weighed in on the company. Zacks Research upgraded N-able from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of N-able in a research report on Tuesday, April 21st. Needham & Company LLC lowered their price objective on N-able from $8.00 to $6.50 and set a “buy” rating for the company in a research report on Friday, May 8th. William Blair reiterated an “underperform” rating on shares of N-able in a research report on Monday, March 23rd. Finally, Scotiabank increased their price objective on N-able from $5.25 to $5.75 and gave the stock a “sector perform” rating in a research report on Friday, May 8th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. grew its position in N-able by 179.8% in the fourth quarter. Hantz Financial Services Inc. now owns 3,277 shares of the company’s stock worth $25,000 after acquiring an additional 2,106 shares during the period. PNC Financial Services Group Inc. lifted its stake in N-able by 93.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock worth $30,000 after purchasing an additional 1,924 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in N-able by 1,970.5% during the second quarter. EverSource Wealth Advisors LLC now owns 3,789 shares of the company’s stock worth $31,000 after purchasing an additional 3,606 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in N-able during the first quarter worth $48,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in N-able during the third quarter worth $82,000. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

N-able Price Performance

NABL stock opened at $3.25 on Friday. 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 business has a 50 day simple moving average of $4.39 and a 200-day simple moving average of $5.58. The firm has a market capitalization of $611.29 million, a PE ratio of -64.90 and a beta of 0.54. N-able has a 1 year low of $3.21 and a 1 year high of $9.04.

N-able (NYSE:NABL) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. The business had revenue of $133.68 million during the quarter, compared to analyst estimates of $131.62 million. N-able had a positive return on equity of 3.40% and a negative net margin of 1.99%.The business’s revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 earnings per share. Equities research analysts anticipate that N-able will post 0.22 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.