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

Shares of N-able, Inc. (NYSE:NABL) have been given an average recommendation of “Hold” by the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $7.55.

NABL has been the topic of a number of research analyst reports. Needham & Company LLC reduced their price objective on shares of N-able from $8.00 to $6.50 and set a “buy” rating on the stock in a research note on Friday, May 8th. Weiss Ratings reissued a “sell (d)” rating on shares of N-able in a research report on Friday, July 17th. Wall Street Zen upgraded shares of N-able from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Scotiabank upped their target price on shares of N-able from $5.25 to $5.75 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Finally, Zacks Research cut shares of N-able from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 16th.

N-able Stock Performance

Shares of NABL opened at $4.38 on Friday. The firm has a market cap of $824.16 million, a price-to-earnings ratio of -87.50 and a beta of 0.53. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $3.81 and its two-hundred day moving average is $4.73. N-able has a 52-week low of $2.92 and a 52-week high of $9.04.

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

Institutional Trading of N-able

Several institutional investors and hedge funds have recently bought and sold shares of NABL. Hantz Financial Services Inc. lifted its holdings in N-able by 179.8% during the 4th quarter. Hantz Financial Services Inc. now owns 3,277 shares of the company’s stock worth $25,000 after buying an additional 2,106 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of N-able by 93.8% in 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 last quarter. EverSource Wealth Advisors LLC raised its position in shares of N-able by 1,970.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,789 shares of the company’s stock valued at $31,000 after acquiring an additional 3,606 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of N-able during the 1st quarter valued at approximately $48,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in N-able during the fourth quarter worth $85,000. Institutional investors and hedge funds 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.