Zacks Research Upgrades N-able (NYSE:NABL) to Hold

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

NABL has been the topic of a number of other research reports. William Blair restated an “underperform” rating on shares of N-able in a research note on Monday, March 23rd. BMO Capital Markets cut their price objective on shares of N-able from $9.50 to $5.50 and set a “market perform” rating on the stock in a research note on Friday, February 20th. Scotiabank cut their price objective on shares of N-able from $8.75 to $5.25 and set a “sector perform” rating on the stock in a research note on Friday, February 20th. Wall Street Zen lowered shares of N-able from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of N-able in a research note on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $7.75.

N-able Trading Up 1.8%

Shares of N-able stock opened at $5.27 on Monday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.48. N-able has a 12-month low of $4.14 and a 12-month high of $9.04. The firm has a market capitalization of $993.52 million, a price-to-earnings ratio of -58.60 and a beta of 0.58. The firm’s 50 day simple moving average is $4.82 and its two-hundred day simple moving average is $6.33.

N-able (NYSE:NABL) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $127.07 million. During the same quarter in the previous year, the company posted $0.10 EPS. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. Analysts predict that N-able will post 0.24 EPS for the current year.

Institutional Trading of N-able

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in shares of N-able by 7.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,296,098 shares of the company’s stock worth $32,136,000 after acquiring an additional 282,584 shares during the period. ArrowMark Colorado Holdings LLC raised its position in shares of N-able by 3.3% in the third quarter. ArrowMark Colorado Holdings LLC now owns 3,157,615 shares of the company’s stock worth $24,629,000 after acquiring an additional 100,539 shares during the period. Ameriprise Financial Inc. raised its position in shares of N-able by 516.8% in the second quarter. Ameriprise Financial Inc. now owns 1,274,744 shares of the company’s stock worth $10,325,000 after acquiring an additional 1,068,061 shares during the period. Applied Fundamental Research LLC raised its position in shares of N-able by 18.3% in the fourth quarter. Applied Fundamental Research LLC now owns 1,252,829 shares of the company’s stock worth $9,371,000 after acquiring an additional 193,680 shares during the period. Finally, Penserra Capital Management LLC raised its position in shares of N-able by 5.2% in the third quarter. Penserra Capital Management LLC now owns 1,212,419 shares of the company’s stock worth $9,456,000 after acquiring an additional 60,315 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.