N-able, Inc. (NYSE:NABL) Given Consensus Rating of “Hold” by Brokerages

Shares of N-able, Inc. (NYSE:NABL) have earned a consensus rating of “Hold” from the eight ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $7.55.

Several research analysts recently weighed in on the company. Wall Street Zen upgraded N-able from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of N-able in a research note on Tuesday, April 21st. BMO Capital Markets dropped their target price on N-able from $9.50 to $5.50 and set a “market perform” rating on the stock in a report on Friday, February 20th. Zacks Research raised N-able from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Finally, Scotiabank raised their price objective on N-able from $5.25 to $5.75 and gave the stock a “sector perform” rating in a report on Friday, May 8th.

Institutional Investors Weigh In On N-able

Hedge funds have recently added to or reduced their stakes in the company. Topline Capital Management LLC acquired a new stake in shares of N-able during the 3rd quarter valued at approximately $3,545,000. Applied Fundamental Research LLC raised its holdings in N-able by 18.3% in the 4th quarter. Applied Fundamental Research LLC now owns 1,252,829 shares of the company’s stock valued at $9,371,000 after acquiring an additional 193,680 shares during the last quarter. UBS Group AG raised its holdings in N-able by 66.0% in the 4th quarter. UBS Group AG now owns 413,492 shares of the company’s stock valued at $3,093,000 after acquiring an additional 164,340 shares during the last quarter. CenterBook Partners LP raised its holdings in N-able by 32.6% in the 4th quarter. CenterBook Partners LP now owns 1,084,990 shares of the company’s stock valued at $8,116,000 after acquiring an additional 266,806 shares during the last quarter. Finally, Impact Partnership Wealth LLC grew its stake in shares of N-able by 83.7% during the 4th quarter. Impact Partnership Wealth LLC now owns 33,574 shares of the company’s stock valued at $251,000 after buying an additional 15,300 shares during the period. Institutional investors and hedge funds own 96.35% of the company’s stock.

N-able Stock Performance

NYSE NABL opened at $3.20 on Friday. The stock has a market capitalization of $601.87 million, a price-to-earnings ratio of -63.90 and a beta of 0.54. N-able has a twelve month low of $2.93 and a twelve month high of $9.04. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average of $4.33 and a 200 day moving average of $5.53.

N-able (NYSE:NABL) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $133.68 million during the quarter, compared to analyst estimates of $131.62 million. N-able had a positive return on equity of 3.40% and a negative net margin of 1.99%.N-able’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.08 EPS. Sell-side analysts anticipate that N-able will post 0.22 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.