N-able (NYSE:NABL) Shares Down 10.5% – Time to Sell?

N-able, Inc. (NYSE:NABL) traded down 10.5% during trading on Tuesday . The company traded as low as $5.40 and last traded at $5.3810. 511,532 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 1,006,067 shares. The stock had previously closed at $6.01.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on NABL shares. B. Riley assumed coverage on shares of N-able in a research note on Friday, January 23rd. They issued a “buy” rating and a $10.00 price objective for the company. Weiss Ratings reissued a “sell (d)” rating on shares of N-able in a report on Thursday, January 22nd. Wall Street Zen cut N-able from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Zacks Research lowered N-able from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Finally, Royal Bank Of Canada increased their price objective on N-able from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, N-able has a consensus rating of “Hold” and a consensus target price of $9.45.

N-able Price Performance

The company has a 50-day moving average of $7.06 and a 200-day moving average of $7.59. 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 stock has a market cap of $1.02 billion, a price-to-earnings ratio of -183.17 and a beta of 0.60.

N-able (NYSE:NABL) last announced its earnings results on Thursday, November 6th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.04. N-able had a positive return on equity of 4.17% and a negative net margin of 1.31%.The company had revenue of $131.71 million for the quarter, compared to the consensus estimate of $127.48 million. During the same period last year, the business posted $0.13 EPS. The company’s revenue was up 13.1% on a year-over-year basis. As a group, equities research analysts predict that N-able, Inc. will post 0.27 earnings per share for the current year.

Hedge Funds Weigh In On N-able

A number of large investors have recently bought and sold shares of the company. Sunriver Management LLC boosted its holdings in shares of N-able by 39.7% in the second quarter. Sunriver Management LLC now owns 6,398,641 shares of the company’s stock valued at $51,829,000 after acquiring an additional 1,817,978 shares in the last quarter. ArrowMark Colorado Holdings LLC raised its holdings in N-able by 3.3% during the third quarter. ArrowMark Colorado Holdings LLC now owns 3,157,615 shares of the company’s stock worth $24,629,000 after purchasing an additional 100,539 shares in the last quarter. Geode Capital Management LLC lifted its position in N-able by 4.4% in the second quarter. Geode Capital Management LLC now owns 1,732,516 shares of the company’s stock valued at $14,035,000 after purchasing an additional 73,405 shares during the period. Crescent Park Management L.P. boosted its holdings in N-able by 0.8% in the 2nd quarter. Crescent Park Management L.P. now owns 1,310,560 shares of the company’s stock valued at $10,616,000 after purchasing an additional 10,071 shares in the last quarter. Finally, 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 valued at $10,325,000 after purchasing an additional 1,068,061 shares in the last quarter. 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.