N-able (NYSE:NABL) Sets New 12-Month Low – Time to Sell?

N-able, Inc. (NYSE:NABL)’s stock price reached a new 52-week low on Thursday . The company traded as low as $6.04 and last traded at $6.0650, with a volume of 582821 shares traded. The stock had previously closed at $6.40.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NABL shares. B. Riley assumed coverage on shares of N-able in a report on Friday, January 23rd. They issued a “buy” rating and a $10.00 price objective for the company. Weiss Ratings restated a “sell (d)” rating on shares of N-able in a research report on Thursday, January 22nd. Zacks Research downgraded N-able from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Royal Bank Of Canada boosted their target price on N-able from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Finally, Wall Street Zen lowered N-able from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.45.

N-able Stock Down 4.0%

The company has a market capitalization of $1.14 billion, a PE ratio of -204.83 and a beta of 0.61. 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 moving average is $7.23 and its 200 day moving average is $7.68.

N-able (NYSE:NABL) last issued its earnings results on Thursday, November 6th. The company reported $0.13 earnings per share (EPS) for the quarter, topping 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 business’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 earnings per share. As a group, analysts anticipate that N-able, Inc. will post 0.27 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NABL. Sunriver Management LLC boosted its position in shares of 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 buying an additional 1,817,978 shares during the last quarter. Penserra Capital Management LLC bought a new position in N-able during the 2nd quarter valued at about $9,332,000. Ameriprise Financial Inc. boosted its holdings in shares of N-able by 516.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,274,744 shares of the company’s stock valued at $10,325,000 after acquiring an additional 1,068,061 shares during the last quarter. Bank of America Corp DE grew its stake in shares of N-able by 271.8% in the second quarter. Bank of America Corp DE now owns 679,119 shares of the company’s stock worth $5,501,000 after acquiring an additional 496,461 shares during the period. Finally, Topline Capital Management LLC purchased a new position in shares of N-able during the third quarter valued at approximately $3,545,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.

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.