N-able (NYSE:NABL) Cut to “Strong Sell” at Zacks Research

N-able (NYSE:NABL) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday,Zacks.com reports.

NABL has been the topic of several other research reports. Scotiabank lifted their price objective on N-able from $5.25 to $5.75 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Wall Street Zen raised N-able from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. William Blair reiterated an “underperform” rating on shares of N-able in a research note on Monday, March 23rd. Weiss Ratings reissued a “sell (d)” rating on shares of N-able in a report on Tuesday, April 21st. Finally, Needham & Company LLC dropped their price objective on shares of N-able from $8.00 to $6.50 and set a “buy” rating for the company in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.55.

N-able Stock Up 2.3%

Shares of NABL opened at $4.79 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.26 and a current ratio of 1.26. The company has a 50-day simple moving average of $3.72 and a 200-day simple moving average of $4.88. N-able has a 52 week low of $2.92 and a 52 week high of $9.04. The firm has a market capitalization of $901.78 million, a P/E ratio of -95.74 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 for the quarter, hitting analysts’ consensus estimates of $0.09. N-able had a positive return on equity of 3.40% and a negative net margin of 1.99%.The business had revenue of $133.68 million for the quarter, compared to the consensus estimate of $131.62 million. During the same period last year, the business earned $0.08 earnings per share. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, equities research analysts expect that N-able will post 0.22 earnings per share for the current year.

Institutional Trading of N-able

Several institutional investors have recently bought and sold shares of NABL. Hantz Financial Services Inc. increased its position in shares of N-able by 179.8% during 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. boosted its position in N-able by 93.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock valued at $30,000 after buying an additional 1,924 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in N-able by 1,970.5% during the second 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 during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of N-able during the first quarter worth approximately $48,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of N-able in the fourth quarter valued at approximately $85,000. Institutional investors and hedge funds 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.