N-able (NYSE:NABL) Shares Gap Up – What’s Next?

N-able, Inc. (NYSE:NABL)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $5.32, but opened at $5.63. N-able shares last traded at $4.7750, with a volume of 1,071,132 shares changing hands.

Analyst Upgrades and Downgrades

NABL has been the topic of several recent research reports. Wall Street Zen downgraded N-able from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Zacks Research cut N-able from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Royal Bank Of Canada increased their price objective on N-able from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. B. Riley Financial assumed coverage on N-able in a research note on Friday, January 23rd. They issued a “buy” rating and a $10.00 target price for the company. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of N-able in a report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $9.45.

N-able Trading Down 10.1%

The stock has a market cap of $891.59 million, a PE ratio of -158.83 and a beta of 0.60. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.40. The firm has a fifty day simple moving average of $6.70 and a two-hundred day simple moving average of $7.42.

N-able (NYSE:NABL) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.04). N-able had a positive return on equity of 4.17% and a negative net margin of 1.31%.The company had revenue of $130.27 million during the quarter, compared to the consensus estimate of $127.07 million. During the same quarter last year, the company posted $0.10 earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, equities analysts expect that N-able, Inc. will post 0.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On N-able

Large investors have recently added to or reduced their stakes in the company. State of Tennessee Department of Treasury lifted its stake in N-able by 103.2% during the fourth quarter. State of Tennessee Department of Treasury now owns 34,381 shares of the company’s stock worth $257,000 after purchasing an additional 17,461 shares during the last quarter. XTX Topco Ltd bought a new stake in N-able in the 4th quarter worth approximately $117,000. Zacks Investment Management purchased a new stake in N-able in the fourth quarter worth approximately $519,000. VARCOV Co. bought a new position in N-able during the fourth quarter valued at approximately $337,000. Finally, Polymer Capital Management US LLC purchased a new position in shares of N-able during the fourth quarter worth approximately $164,000. 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.