Sunriver Management LLC Has $48.45 Million Holdings in N-able, Inc. $NABL

Sunriver Management LLC lowered its stake in N-able, Inc. (NYSE:NABL) by 2.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,211,878 shares of the company’s stock after selling 186,763 shares during the period. N-able accounts for 5.3% of Sunriver Management LLC’s holdings, making the stock its 7th largest holding. Sunriver Management LLC’s holdings in N-able were worth $48,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC lifted its stake in shares of N-able by 212.6% in the 1st quarter. AQR Capital Management LLC now owns 124,549 shares of the company’s stock valued at $883,000 after acquiring an additional 84,712 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in N-able by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,485 shares of the company’s stock worth $301,000 after acquiring an additional 1,825 shares during the last quarter. Bank of Montreal Can acquired a new position in N-able in the 2nd quarter worth about $193,000. Savant Capital LLC bought a new position in N-able in the second quarter valued at about $145,000. Finally, Fox Run Management L.L.C. bought a new position in N-able in the second quarter valued at about $187,000. Institutional investors own 96.35% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on NABL shares. Weiss Ratings restated a “sell (d)” rating on shares of N-able in a report on Thursday, January 22nd. B. Riley Financial began coverage on shares of N-able in a research report on Friday, January 23rd. They set a “buy” rating and a $10.00 target price on the stock. BMO Capital Markets reduced their target price on shares of N-able from $9.50 to $5.50 and set a “market perform” rating on the stock in a report on Friday, February 20th. Scotiabank decreased their price target on shares of N-able from $8.75 to $5.25 and set a “sector perform” rating for the company in a research report on Friday, February 20th. Finally, Zacks Research lowered shares of N-able from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 25th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $7.75.

N-able Trading Up 0.5%

Shares of NABL traded up $0.03 during mid-day trading on Friday, reaching $4.84. 46,550 shares of the company were exchanged, compared to its average volume of 1,715,065. N-able, Inc. has a 52 week low of $4.15 and a 52 week high of $9.04. 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 stock has a market capitalization of $910.82 million, a PE ratio of -53.58 and a beta of 0.65. The business has a 50 day simple moving average of $5.79 and a two-hundred day simple moving average of $7.08.

N-able (NYSE:NABL) last announced its 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). N-able had a negative net margin of 3.33% and a positive return on equity of 3.17%. The company had revenue of $130.27 million during the quarter, compared to the consensus estimate of $127.07 million. During the same quarter in the previous year, the company earned $0.10 earnings per share. The business’s revenue was up 11.8% on a year-over-year basis. On average, analysts predict that N-able, Inc. will post 0.27 earnings per share for the current fiscal year.

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.