N-able, Inc. (NYSE:NABL) Receives Average Recommendation of “Moderate Buy” from Analysts

N-able, Inc. (NYSE:NABL) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $9.3125.

A number of equities research analysts recently commented on NABL shares. Wall Street Zen cut shares of N-able from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 6th. Royal Bank Of Canada lifted their price objective on N-able from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Zacks Research upgraded N-able from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of N-able in a report on Wednesday, October 8th.

N-able Stock Up 0.6%

NYSE:NABL opened at $7.32 on Tuesday. The stock has a market capitalization of $1.36 billion, a P/E ratio of -243.83 and a beta of 0.61. N-able has a fifty-two week low of $6.07 and a fifty-two week high of $10.41. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.27 and a current ratio of 1.27. The company’s 50-day simple moving average is $7.50 and its 200-day simple moving average is $7.81.

N-able (NYSE:NABL) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.04. The firm had revenue of $131.71 million for the quarter, compared to the consensus estimate of $127.48 million. N-able had a negative net margin of 1.31% and a positive return on equity of 4.17%. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.13 earnings per share. On average, equities analysts anticipate that N-able will post 0.27 earnings per share for the current fiscal year.

Institutional Trading of N-able

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sunriver Management LLC lifted its holdings in N-able by 39.7% during the second quarter. Sunriver Management LLC now owns 6,398,641 shares of the company’s stock valued at $51,829,000 after purchasing an additional 1,817,978 shares in the last quarter. Penserra Capital Management LLC purchased a new position in N-able in the 2nd quarter valued at about $9,332,000. Ameriprise Financial Inc. boosted its holdings in N-able by 516.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,274,744 shares of the company’s stock worth $10,325,000 after buying an additional 1,068,061 shares during the last quarter. Bank of America Corp DE boosted its holdings in N-able by 271.8% in the 2nd quarter. Bank of America Corp DE now owns 679,119 shares of the company’s stock worth $5,501,000 after buying an additional 496,461 shares during the last quarter. Finally, Topline Capital Management LLC purchased a new stake in N-able during the 3rd quarter worth approximately $3,545,000. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

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.