N-able, Inc. (NYSE:NABL) Stock Has Consensus Target Price of $5.08 According to Analysts

N-able, Inc. (NYSE:NABL) has earned a consensus rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $5.08.

NABL has been the subject of a number of research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of N-able in a report on Friday, July 17th. Scotiabank lowered their price objective on 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 upgraded shares of N-able from a “strong sell” rating to a “hold” rating in a research note on Friday, August 14th. Wall Street Zen raised N-able from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Finally, BMO Capital Markets reduced their price target on N-able from $6.00 to $3.75 and set a “market perform” rating for the company in a research report on Tuesday, August 11th.

Hedge Funds Weigh In On N-able

A number of large investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC bought a new position in N-able in the 1st quarter valued at $48,000. PNC Financial Services Group Inc. grew its position in shares of N-able by 251.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,983 shares of the company’s stock valued at $65,000 after purchasing an additional 10,007 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of N-able by 988.2% in the first quarter. Fifth Third Bancorp now owns 19,414 shares of the company’s stock worth $91,000 after purchasing an additional 17,630 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of N-able in the first quarter worth $92,000. Finally, Abel Hall LLC bought a new position in shares of N-able in the first quarter worth $94,000. 96.35% of the stock is currently owned by institutional investors.

N-able Stock Performance

NYSE NABL opened at $4.45 on Thursday. N-able has a 1 year low of $2.92 and a 1 year high of $8.73. The firm has a market cap of $839.70 million, a price-to-earnings ratio of -222.25 and a beta of 0.46. The company has a fifty day moving average price of $3.99 and a 200-day moving average price of $4.14. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.30 and a quick ratio of 1.30.

N-able (NYSE:NABL) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates of $0.10. The company had revenue of $138.22 million during the quarter, compared to the consensus estimate of $138.08 million. N-able had a positive return on equity of 3.55% and a negative net margin of 0.88%. N-able’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the business posted $0.11 earnings per share. As a group, equities research analysts predict that N-able will post 0.23 EPS for the current fiscal year.

N-able announced that its board has initiated a share repurchase plan on Friday, August 28th that authorizes the company to buy back $50.00 million in shares. This buyback authorization authorizes the company to reacquire up to 6.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

About N-able

N-able, Inc (NYSE: NABL) provides cloud-based software and technology solutions designed for managed service providers (MSPs). Its platform helps MSPs monitor, manage, secure and support the information technology environments of small and medium-sized businesses.

The company’s offerings include remote monitoring and management, endpoint protection, data backup and recovery, password and documentation management, email security, vulnerability assessment and other cybersecurity tools. Its product portfolio includes N-central, N-sight, Cove Data Protection, Passportal and Mail Assure, among other solutions.