N-able (NYSE:NABL) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research cut shares of N-able (NYSE:NABL) from a hold rating to a strong sell rating in a research note released on Wednesday morning,Zacks.com reports.

NABL has been the topic of a number of other research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of N-able in a research report on Thursday, January 22nd. B. Riley Financial assumed coverage on shares of N-able in a report on Friday, January 23rd. They set a “buy” rating and a $10.00 price objective on the stock. Royal Bank Of Canada increased their target price on shares of N-able from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Needham & Company LLC lowered their price target on N-able from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Finally, Scotiabank cut their price target on N-able from $8.75 to $5.25 and set a “sector perform” rating for the company in a report on Friday, February 20th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $7.75.

N-able Trading Up 2.1%

N-able stock opened at $4.48 on Wednesday. N-able has a 52 week low of $4.31 and a 52 week high of $10.27. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.27 and a current ratio of 1.19. The firm has a market capitalization of $834.76 million, a PE ratio of -49.78 and a beta of 0.60. The business’s 50-day simple moving average is $6.33 and its 200-day simple moving average is $7.28.

N-able (NYSE:NABL) last released its earnings results on Thursday, February 19th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The business had revenue of $130.27 million during the quarter, compared to analyst estimates of $127.07 million. N-able had a negative net margin of 3.33% and a positive return on equity of 3.17%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the business earned $0.10 EPS. Equities research analysts forecast that N-able will post 0.27 earnings per share for the current year.

Hedge Funds Weigh In On N-able

Several institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its stake in N-able by 212.6% during the first quarter. AQR Capital Management LLC now owns 124,549 shares of the company’s stock worth $883,000 after buying an additional 84,712 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of N-able by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,485 shares of the company’s stock worth $301,000 after acquiring an additional 1,825 shares in the last quarter. Ethic Inc. bought a new stake in N-able during the 2nd quarter worth approximately $118,000. AlphaQuest LLC increased its holdings in N-able by 254.1% during the 2nd quarter. AlphaQuest LLC now owns 35,369 shares of the company’s stock valued at $286,000 after purchasing an additional 25,380 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd raised its position in N-able by 239.3% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 147,130 shares of the company’s stock valued at $1,192,000 after purchasing an additional 103,767 shares during the last quarter. 96.35% of the stock is owned by institutional investors.

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.