N-able (NYSE:NABL) Shares Gap Down – Time to Sell?

N-able, Inc. (NYSE:NABL)’s share price gapped down prior to trading on Monday . The stock had previously closed at $4.99, but opened at $3.25. N-able shares last traded at $3.3150, with a volume of 826,375 shares traded.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Needham & Company LLC cut their target price on shares of N-able from $8.00 to $6.50 and set a “buy” rating for the company in a research report on Friday, May 8th. Wall Street Zen raised N-able from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings reissued a “sell (d)” rating on shares of N-able in a research report on Friday, July 17th. Scotiabank upped their price objective on N-able from $5.25 to $5.75 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Finally, Zacks Research cut N-able from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 16th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $7.55.

N-able Stock Performance

The stock’s fifty day simple moving average is $4.02 and its two-hundred day simple moving average is $4.59. The company has a market cap of $620.71 million, a price-to-earnings ratio of -65.90 and a beta of 0.50. 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 issued its earnings results on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. N-able had a positive return on equity of 3.40% and a negative net margin of 1.99%.The business had revenue of $138.22 million for the quarter, compared to analyst estimates of $138.08 million. During the same period last year, the company posted $0.11 EPS. The business’s quarterly revenue was up 5.3% on a year-over-year basis. Equities research analysts anticipate that N-able, Inc. will post 0.22 EPS for the current year.

Institutional Trading of N-able

A number of institutional investors have recently modified their holdings of NABL. iSAM Funds UK Ltd grew its position in shares of N-able by 13.5% in the 3rd quarter. iSAM Funds UK Ltd now owns 12,972 shares of the company’s stock valued at $101,000 after acquiring an additional 1,541 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of N-able by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,485 shares of the company’s stock worth $301,000 after buying an additional 1,825 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in 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 purchasing an additional 1,924 shares during the period. Lazard Asset Management LLC grew its position in N-able by 0.7% during the second quarter. Lazard Asset Management LLC now owns 319,379 shares of the company’s stock worth $2,586,000 after buying an additional 2,100 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its position in shares of N-able by 179.8% in 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 period. 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.