N-able (NYSE:NABL) Shares Up 7.2% – Still a Buy?

N-able, Inc. (NYSE:NABL)’s share price traded up 7.2% on Monday . The stock traded as high as $3.64 and last traded at $3.6350. 305,172 shares were traded during trading, a decline of 79% from the average session volume of 1,477,387 shares. The stock had previously closed at $3.39.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Zacks Research raised shares of N-able from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. BMO Capital Markets decreased their target price 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. Weiss Ratings restated a “sell (d)” rating on shares of N-able in a report on Tuesday, April 21st. Needham & Company LLC dropped their price target on N-able from $8.00 to $6.50 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, B. Riley Financial began coverage on N-able in a research report on Friday, January 23rd. They issued a “buy” rating and a $10.00 price objective for the company. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, N-able currently has a consensus rating of “Hold” and a consensus target price of $7.55.

N-able Stock Performance

The stock has a fifty day simple moving average of $4.74 and a 200-day simple moving average of $6.01. The stock has a market cap of $675.34 million, a P/E ratio of -71.70 and a beta of 0.64. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.26 and a current ratio of 1.26.

N-able (NYSE:NABL) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. N-able had a positive return on equity of 3.40% and a negative net margin of 1.99%.The company had revenue of $133.68 million during the quarter, compared to analysts’ expectations of $131.62 million. During the same period in the prior year, the firm earned $0.08 earnings per share. N-able’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, equities analysts expect that N-able, Inc. will post 0.24 earnings per share for the current year.

Institutional Trading of N-able

A number of institutional investors have recently made changes to their positions in the business. Hantz Financial Services Inc. boosted its holdings in N-able by 179.8% during the fourth quarter. Hantz Financial Services Inc. now owns 3,277 shares of the company’s stock worth $25,000 after purchasing an additional 2,106 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in N-able by 1,970.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,789 shares of the company’s stock worth $31,000 after buying an additional 3,606 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of N-able by 93.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock worth $30,000 after buying an additional 1,924 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of N-able in the 1st quarter valued at about $48,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of N-able in the 3rd quarter valued at about $82,000. 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.