N-able (NYSE:NABL) Trading Up 7.2% – What’s Next?

N-able, Inc. (NYSE:NABL) shares were up 7.2% during trading on Monday . The stock traded as high as $3.64 and last traded at $3.6350. Approximately 305,172 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 1,477,387 shares. The stock had previously closed at $3.39.

Analyst Ratings Changes

NABL has been the subject of several research reports. Zacks Research upgraded shares of N-able from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Needham & Company LLC reduced their target price 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. William Blair reiterated an “underperform” rating on shares of N-able in a research note on Monday, March 23rd. Scotiabank lifted their target price on shares of N-able from $5.25 to $5.75 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Finally, Wall Street Zen upgraded shares of N-able from a “hold” rating to a “buy” rating in a research note on Saturday. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $7.55.

N-able Trading Up 5.8%

The business’s fifty day simple moving average is $4.79 and its 200 day simple moving average is $6.07. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.49. The stock has a market cap of $675.34 million, a P/E ratio of -71.70 and a beta of 0.64.

N-able (NYSE:NABL) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. The firm had revenue of $133.68 million for the quarter, compared to analyst estimates of $131.62 million. N-able had a negative net margin of 1.99% and a positive return on equity of 3.40%. The company’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 EPS. As a group, analysts expect that N-able, Inc. will post 0.24 EPS for the current year.

Institutional Trading of N-able

A number of large investors have recently bought and sold shares of the business. iSAM Funds UK Ltd raised its holdings in N-able by 13.5% during the 3rd quarter. iSAM Funds UK Ltd now owns 12,972 shares of the company’s stock worth $101,000 after buying an additional 1,541 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 buying an additional 1,825 shares during the period. PNC Financial Services Group Inc. raised its holdings in N-able by 93.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock worth $30,000 after buying an additional 1,924 shares during the period. Lazard Asset Management LLC raised its holdings in N-able by 0.7% during the 2nd quarter. Lazard Asset Management LLC now owns 319,379 shares of the company’s stock worth $2,586,000 after buying an additional 2,100 shares during the period. Finally, Hantz Financial Services Inc. raised its holdings in 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 buying an additional 2,106 shares during the period. 96.35% of the stock is owned by institutional investors.

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.