N-able (NYSE:NABL) Reaches New 1-Year Low – Here’s Why

N-able, Inc. (NYSE:NABL) reached a new 52-week low on Monday . The stock traded as low as $4.15 and last traded at $4.2950, with a volume of 2948393 shares. The stock had previously closed at $4.40.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on NABL shares. Zacks Research lowered N-able from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 25th. BMO Capital Markets decreased their price target on shares of N-able from $9.50 to $5.50 and set a “market perform” rating for the company in a report on Friday, February 20th. Weiss Ratings reiterated a “sell (d)” rating on shares of N-able in a research note on Thursday, January 22nd. Needham & Company LLC dropped their target price on N-able from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Finally, Wall Street Zen downgraded N-able from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $7.75.

N-able Stock Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market cap of $848.09 million, a P/E ratio of -49.99 and a beta of 0.65. The firm has a 50 day moving average price of $6.27 and a 200-day moving average price of $7.26.

N-able (NYSE:NABL) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.04). The company had revenue of $130.27 million for the quarter, compared to analyst estimates of $127.07 million. N-able had a negative net margin of 3.33% and a positive return on equity of 3.17%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the business earned $0.10 EPS. On average, research analysts predict that N-able, Inc. will post 0.27 EPS for the current year.

Hedge Funds Weigh In On N-able

Several large investors have recently made changes to their positions in NABL. Los Angeles Capital Management LLC acquired a new stake in shares of N-able in the second quarter worth $355,000. Creative Planning lifted its stake in shares of N-able by 214.3% in the second quarter. Creative Planning now owns 244,492 shares of the company’s stock valued at $1,980,000 after buying an additional 166,697 shares during the period. Scalar Gauge Management LLC increased its stake in N-able by 421.1% during the second quarter. Scalar Gauge Management LLC now owns 445,534 shares of the company’s stock valued at $3,609,000 after acquiring an additional 360,039 shares during the period. Sunriver Management LLC raised its holdings in N-able by 39.7% in the 2nd quarter. Sunriver Management LLC now owns 6,398,641 shares of the company’s stock valued at $51,829,000 after acquiring an additional 1,817,978 shares in the last quarter. Finally, CenterBook Partners LP lifted its position in shares of N-able by 57.9% in the 2nd quarter. CenterBook Partners LP now owns 797,278 shares of the company’s stock worth $6,458,000 after acquiring an additional 292,222 shares during the period. 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.