N-able, Inc. (NYSE:NABL) Receives $5.08 Average PT from Brokerages

N-able, Inc. (NYSE:NABL) has received an average rating of “Hold” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $5.08.

NABL has been the topic of several recent analyst reports. BMO Capital Markets cut their target price on N-able from $6.00 to $3.75 and set a “market perform” rating on the stock in a research note on Tuesday, August 11th. Royal Bank Of Canada lowered N-able from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $6.00 to $4.00 in a report on Tuesday, August 11th. Scotiabank cut their price objective on shares of N-able from $5.75 to $3.65 and set a “sector perform” rating on the stock in a research note on Tuesday, August 11th. Zacks Research raised shares of N-able from a “strong sell” rating to a “hold” rating in a report on Friday, August 14th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of N-able in a research report on Friday, July 17th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Hantz Financial Services Inc. lifted its position in N-able by 179.8% in the fourth quarter. Hantz Financial Services Inc. now owns 3,277 shares of the company’s stock worth $25,000 after purchasing an additional 2,106 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of N-able during the 1st quarter valued at $48,000. FourThought Financial Partners LLC acquired a new position in shares of N-able during the 4th quarter valued at $104,000. PNC Financial Services Group Inc. raised its stake in shares of N-able by 251.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,983 shares of the company’s stock worth $65,000 after buying an additional 10,007 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of N-able by 988.2% in the 1st quarter. Fifth Third Bancorp now owns 19,414 shares of the company’s stock worth $91,000 after buying an additional 17,630 shares in the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

N-able Trading Up 4.3%

Shares of NYSE:NABL opened at $4.01 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.48. The company’s 50-day moving average price is $4.10 and its 200 day moving average price is $4.22. The company has a market cap of $758.47 million, a PE ratio of -200.75 and a beta of 0.49. N-able has a fifty-two week low of $2.92 and a fifty-two week high of $8.73.

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

N-able announced that its board has approved a share repurchase program on Friday, August 28th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 6.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

About N-able

N-able, Inc is a software company that provides cloud-based technology solutions for managed service providers (MSPs). Its platform helps MSPs monitor, manage, secure and support the information technology environments of small and medium-sized businesses, enabling providers to deliver services remotely and at scale.

The company’s offerings include remote monitoring and management, endpoint management, data protection and backup, cybersecurity, email security, password management, and professional services automation tools.