N-able, Inc. (NYSE:NABL) Receives Consensus Rating of “Hold” from Analysts

N-able, Inc. (NYSE:NABL) has received a consensus rating of “Hold” from the eight research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $5.08.

NABL has been the subject of a number of analyst reports. Wall Street Zen downgraded N-able from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Scotiabank reduced their target price on shares of N-able from $5.75 to $3.65 and set a “sector perform” rating on the stock in a report on Tuesday, August 11th. BMO Capital Markets reduced their target price on shares of N-able from $6.00 to $3.75 and set a “market perform” rating on the stock in a report on Tuesday, August 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of N-able in a research note on Friday, July 17th. Finally, Royal Bank Of Canada cut shares of N-able from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $6.00 to $4.00 in a report on Tuesday, August 11th.

Institutional Investors Weigh In On N-able

Several institutional investors have recently modified their holdings of NABL. AQR Capital Management LLC increased its holdings in N-able by 212.6% in the first quarter. AQR Capital Management LLC now owns 124,549 shares of the company’s stock valued at $883,000 after buying an additional 84,712 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in N-able by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,485 shares of the company’s stock worth $301,000 after buying an additional 1,825 shares during the last quarter. American Century Companies Inc. acquired a new position in shares of N-able during the 2nd quarter worth about $396,000. Norges Bank acquired a new position in shares of N-able during the 2nd quarter worth about $327,000. Finally, Quantbot Technologies LP purchased a new position in shares of N-able in the 2nd quarter valued at about $207,000. 96.35% of the stock is owned by hedge funds and other institutional investors.

N-able Trading Down 0.3%

NYSE:NABL opened at $3.62 on Wednesday. N-able has a 12-month low of $2.92 and a 12-month high of $8.73. The firm has a market cap of $683.85 million, a PE ratio of -181.00 and a beta of 0.50. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average price of $3.98 and a 200 day moving average price of $4.38.

N-able (NYSE:NABL) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $138.22 million for the quarter, compared to the consensus estimate of $138.08 million. N-able had a positive return on equity of 3.55% and a negative net margin of 0.88%.N-able’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.11 EPS. Sell-side analysts anticipate that N-able will post 0.23 earnings per share for the current fiscal year.

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.