Analysts Set N-able, Inc. (NYSE:NABL) Target Price at $7.75

N-able, Inc. (NYSE:NABL) has earned a consensus rating of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $7.75.

NABL has been the subject of several research analyst reports. Scotiabank lowered their price objective on shares of N-able from $8.75 to $5.25 and set a “sector perform” rating for the company in a research report on Friday, February 20th. B. Riley Financial started coverage on N-able in a report on Friday, January 23rd. They issued a “buy” rating and a $10.00 target price on the stock. William Blair reiterated an “underperform” rating on shares of N-able in a research note on Monday. Needham & Company LLC reissued a “buy” rating and set a $8.00 price target on shares of N-able in a report on Thursday, March 19th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of N-able in a research report on Thursday, January 22nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning increased its position in N-able by 214.3% during the 2nd quarter. Creative Planning now owns 244,492 shares of the company’s stock worth $1,980,000 after purchasing an additional 166,697 shares in the last quarter. Scalar Gauge Management LLC boosted its position in N-able by 421.1% in the second quarter. Scalar Gauge Management LLC now owns 445,534 shares of the company’s stock valued at $3,609,000 after buying an additional 360,039 shares in the last quarter. Sunriver Management LLC grew its stake 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 worth $51,829,000 after buying an additional 1,817,978 shares during the last quarter. Topline Capital Management LLC bought a new stake in shares of N-able during the third quarter worth $3,545,000. Finally, CenterBook Partners LP increased its holdings in shares of N-able by 57.9% during the second quarter. CenterBook Partners LP now owns 797,278 shares of the company’s stock worth $6,458,000 after buying an additional 292,222 shares in the last quarter. Institutional investors own 96.35% of the company’s stock.

N-able Trading Down 5.1%

NABL opened at $4.78 on Friday. The stock has a market capitalization of $899.51 million, a price-to-earnings ratio of -53.06 and a beta of 0.65. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.48. N-able has a twelve month low of $4.15 and a twelve month high of $9.04. The company has a 50-day simple moving average of $5.41 and a 200 day simple moving average of $6.90.

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

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.