Topline Capital Management LLC Purchases New Stake in N-able, Inc. $NABL

Topline Capital Management LLC acquired a new position in shares of N-able, Inc. (NYSE:NABL) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 454,495 shares of the company’s stock, valued at approximately $3,545,000. N-able comprises 0.6% of Topline Capital Management LLC’s holdings, making the stock its 27th largest holding.

Other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its position in shares of N-able by 212.6% during the 1st quarter. AQR Capital Management LLC now owns 124,549 shares of the company’s stock worth $883,000 after purchasing 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% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,485 shares of the company’s stock valued at $301,000 after purchasing an additional 1,825 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of N-able in the 2nd quarter valued at about $193,000. Savant Capital LLC acquired a new stake in shares of N-able in the second quarter valued at about $145,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of N-able in the second quarter valued at about $187,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.

N-able Price Performance

Shares of NYSE:NABL opened at $4.83 on Friday. The company has a market cap of $908.93 million, a P/E ratio of -53.61 and a beta of 0.65. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.48. N-able, Inc. has a 52 week low of $4.15 and a 52 week high of $9.04. The business has a fifty day simple moving average of $5.74 and a 200-day simple moving average of $7.06.

N-able (NYSE:NABL) last released its earnings results 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 3.17% and a negative net margin of 3.33%.The business had revenue of $130.27 million for the quarter, compared to analysts’ expectations of $127.07 million. During the same quarter last year, the company posted $0.10 earnings per share. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. Equities research analysts forecast that N-able, Inc. will post 0.27 EPS for the current year.

Analysts Set New Price Targets

NABL has been the topic of a number of research reports. Weiss Ratings restated a “sell (d)” rating on shares of N-able in a report on Thursday, January 22nd. Needham & Company LLC reduced their price objective on N-able from $10.00 to $8.00 and set a “buy” rating for the company in a report on Friday, February 20th. B. Riley Financial started coverage on N-able in a report on Friday, January 23rd. They issued a “buy” rating and a $10.00 target price on the stock. Wall Street Zen cut N-able from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, BMO Capital Markets cut their price target 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. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $7.75.

About N-able

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.