N-able (NYSE:NABL) Price Target Raised to $10.00

N-able (NYSE:NABL) had its target price raised by Royal Bank Of Canada from $9.00 to $10.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 20.85% from the company’s previous close.

NABL has been the subject of several other research reports. Wall Street Zen upgraded N-able from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Scotiabank restated a “sector perform” rating and issued a $8.75 target price (up from $8.30) on shares of N-able in a research note on Friday, August 8th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of N-able in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $9.31.

N-able Price Performance

Shares of NYSE NABL traded down $0.23 during midday trading on Friday, reaching $8.28. 901,294 shares of the company traded hands, compared to its average volume of 980,907. N-able has a 12 month low of $6.07 and a 12 month high of $11.80. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.24 and a current ratio of 1.24. The stock’s 50-day simple moving average is $7.98 and its 200-day simple moving average is $7.86. The firm has a market cap of $1.55 billion, a PE ratio of 413.96 and a beta of 0.61.

N-able (NYSE:NABL) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.04. N-able had a net margin of 0.59% and a return on equity of 4.13%. The company had revenue of $131.71 million during the quarter, compared to analyst estimates of $127.48 million. During the same quarter last year, the business posted $0.13 earnings per share. The company’s revenue was up 13.1% on a year-over-year basis. N-able has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts anticipate that N-able will post 0.27 earnings per share for the current fiscal year.

Insider Buying and Selling at N-able

In related news, Director Ann Johnson sold 34,568 shares of N-able stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $7.70, for a total value of $266,173.60. Following the completion of the sale, the director directly owned 37,424 shares in the company, valued at $288,164.80. This trade represents a 48.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael I. Adler sold 31,728 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $7.72, for a total transaction of $244,940.16. Following the transaction, the executive vice president owned 468,555 shares in the company, valued at approximately $3,617,244.60. The trade was a 6.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On N-able

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in N-able by 11.2% in the third quarter. JPMorgan Chase & Co. now owns 359,727 shares of the company’s stock valued at $2,806,000 after buying an additional 36,182 shares during the period. Abich Financial Wealth Management LLC acquired a new position in shares of N-able during the 3rd quarter worth about $118,000. Public Sector Pension Investment Board grew its position in shares of N-able by 19.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 291,879 shares of the company’s stock worth $2,277,000 after buying an additional 46,924 shares during the period. Rhumbline Advisers increased its stake in shares of N-able by 4.5% in the 3rd quarter. Rhumbline Advisers now owns 240,736 shares of the company’s stock valued at $1,878,000 after acquiring an additional 10,425 shares during the last quarter. Finally, Savant Capital LLC raised its position in shares of N-able by 147.5% in the 3rd quarter. Savant Capital LLC now owns 44,382 shares of the company’s stock valued at $346,000 after acquiring an additional 26,450 shares during the period. Institutional investors and hedge funds own 96.35% of the company’s stock.

N-able Company Profile

N-able, Inc provides cloud-based software solutions for managed service providers in the United States, the United Kingdom, and internationally. The company's solutions enable MSPs to support digital transformation and growth within small and medium-sized enterprises. It provides software platform designed to be an integrated, enterprise-grade solution that serves as an operating system for its MSP partners and scales as their businesses grow.