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

Shares of N-able, Inc. (NYSE:NABL) have received an average rating of “Hold” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $7.55.

A number of research firms have weighed in on NABL. Zacks Research raised N-able from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings reissued a “sell (d)” rating on shares of N-able in a research report on Tuesday, April 21st. Needham & Company LLC dropped their price objective on shares of N-able from $8.00 to $6.50 and set a “buy” rating for the company in a report on Friday, May 8th. Wall Street Zen upgraded shares of N-able from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Scotiabank lifted their target price on shares of N-able from $5.25 to $5.75 and gave the stock a “sector perform” rating in a research note on Friday, May 8th.

Institutional Trading of N-able

Institutional investors have recently made changes to their positions in the company. Topline Capital Management LLC acquired a new stake in N-able during the third quarter worth $3,545,000. Applied Fundamental Research LLC lifted its stake in shares of N-able by 18.3% in the 4th quarter. Applied Fundamental Research LLC now owns 1,252,829 shares of the company’s stock valued at $9,371,000 after purchasing an additional 193,680 shares during the last quarter. CenterBook Partners LP grew its holdings in shares of N-able by 32.6% during the 4th quarter. CenterBook Partners LP now owns 1,084,990 shares of the company’s stock worth $8,116,000 after purchasing an additional 266,806 shares during the period. UBS Group AG increased its position in shares of N-able by 66.0% during the 4th quarter. UBS Group AG now owns 413,492 shares of the company’s stock worth $3,093,000 after purchasing an additional 164,340 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of N-able by 11.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 359,727 shares of the company’s stock worth $2,806,000 after purchasing an additional 36,182 shares during the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

N-able Price Performance

NYSE NABL traded up $0.26 during trading hours on Tuesday, hitting $4.47. 546,200 shares of the company’s stock traded hands, compared to its average volume of 1,697,368. N-able has a 52-week low of $2.92 and a 52-week high of $9.04. The company has a market capitalization of $843.00 million, a PE ratio of -89.54 and a beta of 0.53. 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 firm’s 50-day moving average is $3.85 and its 200-day moving average is $5.05.

N-able (NYSE:NABL) last issued its earnings results 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 business had revenue of $133.68 million for the quarter, compared to analysts’ expectations of $131.62 million. During the same period in the previous year, the firm posted $0.08 EPS. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. Equities analysts forecast that N-able will post 0.22 EPS for the current fiscal year.

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.