N-able, Inc. (NYSE:NABL) Receives Average Recommendation of “Hold” from Brokerages

Shares of N-able, Inc. (NYSE:NABL) have been given an average recommendation of “Hold” by the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $7.55.

NABL has been the topic of several research reports. Zacks Research upgraded shares of N-able from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Scotiabank boosted their target price on shares of N-able from $5.25 to $5.75 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. William Blair reissued an “underperform” rating on shares of N-able in a research report on Monday, March 23rd. Weiss Ratings restated a “sell (d)” rating on shares of N-able in a report on Tuesday, April 21st. Finally, Needham & Company LLC dropped their price target on shares of N-able from $8.00 to $6.50 and set a “buy” rating on the stock in a research report on Friday, May 8th.

N-able Stock Performance

Shares of N-able stock opened at $4.12 on Tuesday. The business has a 50-day moving average price of $3.86 and a two-hundred day moving average price of $5.09. N-able has a 1-year low of $2.92 and a 1-year high of $9.04. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.49. The company has a market cap of $775.18 million, a P/E ratio of -82.30 and a beta of 0.53.

N-able (NYSE:NABL) last released its earnings results on Thursday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. The company had revenue of $133.68 million for the quarter, compared to the consensus estimate of $131.62 million. N-able had a negative net margin of 1.99% and a positive return on equity of 3.40%. N-able’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.08 EPS. As a group, analysts anticipate that N-able will post 0.22 EPS for the current year.

Institutional Trading of N-able

Institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC raised its stake in shares of N-able by 212.6% during the 1st quarter. AQR Capital Management LLC now owns 124,549 shares of the company’s stock worth $883,000 after purchasing an additional 84,712 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in N-able by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,485 shares of the company’s stock valued at $301,000 after buying an additional 1,825 shares during the period. American Century Companies Inc. purchased a new stake in N-able during the second quarter worth about $396,000. Norges Bank bought a new stake in N-able in the second quarter worth about $327,000. Finally, Quantbot Technologies LP bought a new stake in N-able in the second quarter worth about $207,000. 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.