N-able (NYSE:NABL) Sets New 52-Week Low – Here’s What Happened

N-able, Inc. (NYSE:NABL)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $5.18 and last traded at $5.2350, with a volume of 186491 shares. The stock had previously closed at $5.35.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NABL shares. Wall Street Zen downgraded shares of N-able from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Royal Bank Of Canada lifted their price target on N-able from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Zacks Research downgraded N-able from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of N-able in a research note on Thursday, January 22nd. Finally, B. Riley Financial started coverage on shares of N-able in a report on Friday, January 23rd. They set a “buy” rating and a $10.00 target price for the company. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $9.45.

N-able Stock Performance

The company has a market capitalization of $967.05 million, a price-to-earnings ratio of -173.00 and a beta of 0.60. The firm has a fifty day simple moving average of $6.79 and a 200 day simple moving average of $7.45. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.27 and a quick ratio of 1.27.

Hedge Funds Weigh In On N-able

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. increased its stake 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 worth $25,000 after purchasing an additional 2,106 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in N-able by 93.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock worth $30,000 after buying an additional 1,924 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in N-able by 1,970.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,789 shares of the company’s stock worth $31,000 after buying an additional 3,606 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in N-able during the 3rd quarter worth approximately $82,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of N-able during the fourth quarter valued at approximately $85,000. 96.35% of the stock is owned by hedge funds and other institutional investors.

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.