N-able (NYSE:NABL) Stock Rating Lowered by Wall Street Zen

N-able (NYSE:NABL) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

A number of other equities research analysts have also recently commented on NABL. Royal Bank Of Canada cut shares of N-able from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $6.00 to $4.00 in a research note on Tuesday, August 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of N-able in a research report on Friday, July 17th. Scotiabank reduced their price objective on shares of N-able from $5.75 to $3.65 and set a “sector perform” rating for the company in a research note on Tuesday, August 11th. Zacks Research downgraded shares of N-able from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 16th. Finally, BMO Capital Markets dropped their target price on shares of N-able from $6.00 to $3.75 and set a “market perform” rating for the company in a report on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, N-able presently has a consensus rating of “Reduce” and an average target price of $5.08.

N-able Price Performance

Shares of N-able stock opened at $3.46 on Friday. The stock has a market cap of $653.63 million, a P/E ratio of -173.00 and a beta of 0.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.30 and a current ratio of 1.30. The stock’s fifty day moving average is $3.96 and its 200 day moving average is $4.48. N-able has a one year low of $2.92 and a one year high of $8.73.

N-able (NYSE:NABL) last released its quarterly earnings results on Monday, August 10th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The business had revenue of $138.22 million during the quarter, compared to analyst estimates of $138.08 million. N-able had a positive return on equity of 3.54% and a negative net margin of 0.88%.N-able’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 earnings per share. Sell-side analysts anticipate that N-able will post 0.22 earnings per share for the current year.

Institutional Trading of N-able

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its stake in shares of N-able by 68.4% in the first quarter. Renaissance Technologies LLC now owns 880,500 shares of the company’s stock worth $4,112,000 after buying an additional 357,500 shares during the last quarter. 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 buying an additional 193,680 shares during the period. Dimensional Fund Advisors LP lifted its stake in N-able by 11.0% during the first quarter. Dimensional Fund Advisors LP now owns 4,770,126 shares of the company’s stock worth $22,277,000 after purchasing an additional 474,028 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of N-able during the first quarter worth about $2,642,000. Finally, UBS Group AG increased its position in shares of N-able by 66.0% during the fourth quarter. UBS Group AG now owns 413,492 shares of the company’s stock worth $3,093,000 after acquiring an additional 164,340 shares during the period. 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.