N-able, Inc. $NABL Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in N-able, Inc. (NYSE:NABL) by 11.0% during the first quarter, HoldingsChannel.com reports. The fund owned 4,770,126 shares of the company’s stock after acquiring an additional 474,028 shares during the period. Dimensional Fund Advisors LP’s holdings in N-able were worth $22,277,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hantz Financial Services Inc. grew its holdings in shares of N-able by 179.8% during the fourth quarter. Hantz Financial Services Inc. now owns 3,277 shares of the company’s stock valued at $25,000 after purchasing an additional 2,106 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of N-able by 1,970.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,789 shares of the company’s stock worth $31,000 after purchasing an additional 3,606 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in N-able by 93.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock valued at $30,000 after purchasing an additional 1,924 shares during the period. Sequoia Financial Advisors LLC acquired a new position in N-able during the 1st quarter valued at approximately $48,000. Finally, Brevan Howard Capital Management LP bought a new position in N-able during the 2nd quarter worth $90,000. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NABL shares. Needham & Company LLC dropped their target price on N-able from $8.00 to $6.50 and set a “buy” rating on the stock in a research report on Friday, May 8th. Zacks Research lowered shares of N-able from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 16th. Scotiabank upped their price target on shares of N-able from $5.25 to $5.75 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Wall Street Zen raised shares of N-able from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of N-able in a research report on Friday, July 17th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $7.55.

N-able Stock Performance

NABL stock opened at $4.89 on Friday. The company has a 50-day simple moving average of $3.99 and a 200 day simple moving average of $4.60. The company has a market capitalization of $921.37 million, a P/E ratio of -97.82 and a beta of 0.50. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.49. N-able, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $9.04.

N-able (NYSE:NABL) last released its earnings results on Thursday, May 7th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. N-able had a negative net margin of 1.99% and a positive return on equity of 3.40%. The firm had revenue of $133.68 million for the quarter, compared to analysts’ expectations of $131.62 million. During the same quarter last year, the company earned $0.08 EPS. N-able’s quarterly revenue was up 13.1% on a year-over-year basis. Sell-side analysts predict that N-able, Inc. will post 0.22 earnings per share for the current fiscal year.

N-able 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.