N-able (NYSE:NABL) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of N-able (NYSE:NABL) from a buy rating to a hold rating in a research report report published on Saturday.

Other analysts have also issued reports about the company. Zacks Research lowered N-able from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Scotiabank lowered their target price on N-able from $8.75 to $5.25 and set a “sector perform” rating on the stock in a research note on Friday. Royal Bank Of Canada boosted their price target on shares of N-able from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Needham & Company LLC reduced their price target on shares of N-able from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Friday. Finally, B. Riley Financial initiated coverage on shares of N-able in a research report on Friday, January 23rd. They issued a “buy” rating and a $10.00 price objective on the stock. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, N-able currently has a consensus rating of “Hold” and a consensus target price of $7.75.

N-able Price Performance

Shares of NYSE NABL opened at $4.48 on Friday. The stock has a market cap of $834.76 million, a price-to-earnings ratio of -49.78 and a beta of 0.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.27 and a current ratio of 1.19. N-able has a fifty-two week low of $4.31 and a fifty-two week high of $10.41. The firm’s 50-day simple moving average is $6.52 and its 200 day simple moving average is $7.34.

N-able (NYSE:NABL) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). N-able had a positive return on equity of 3.17% and a negative net margin of 3.33%.The company had revenue of $130.27 million for the quarter, compared to the consensus estimate of $127.07 million. During the same period in the prior year, the firm posted $0.10 earnings per share. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, research analysts anticipate that N-able will post 0.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Hantz Financial Services Inc. boosted its holdings in shares of N-able by 179.8% in the 4th 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. grew its stake in shares of N-able by 93.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock worth $30,000 after purchasing an additional 1,924 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings 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 valued at $31,000 after purchasing an additional 3,606 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new stake in N-able in the third quarter worth $82,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in N-able in the fourth quarter worth about $85,000. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

About N-able

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.