UBS Group AG Has $3.09 Million Stock Position in N-able, Inc. $NABL

UBS Group AG lifted its stake in N-able, Inc. (NYSE:NABL) by 66.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 413,492 shares of the company’s stock after purchasing an additional 164,340 shares during the quarter. UBS Group AG owned 0.22% of N-able worth $3,093,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Topline Capital Management LLC acquired a new position in shares of N-able in the 3rd quarter valued at $3,545,000. Applied Fundamental Research LLC boosted its position in shares of N-able by 18.3% in the 4th quarter. Applied Fundamental Research LLC now owns 1,252,829 shares of the company’s stock valued at $9,371,000 after purchasing an additional 193,680 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of N-able in the 4th quarter valued at $85,000. Harbor Capital Advisors Inc. boosted its position in shares of N-able by 10.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 22,386 shares of the company’s stock valued at $167,000 after purchasing an additional 2,153 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of N-able by 11.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 359,727 shares of the company’s stock valued at $2,806,000 after purchasing an additional 36,182 shares during the period. Institutional investors and hedge funds own 96.35% of the company’s stock.

N-able Stock Up 0.1%

Shares of N-able stock opened at $3.67 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.49. N-able, Inc. has a 1 year low of $3.24 and a 1 year high of $9.04. The stock has a 50-day moving average price of $4.64 and a 200 day moving average price of $5.90. The company has a market cap of $690.41 million, a P/E ratio of -73.30 and a beta of 0.64.

N-able (NYSE:NABL) last issued its earnings results on Thursday, May 7th. The company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. N-able had a positive return on equity of 3.40% and a negative net margin of 1.99%.The company had revenue of $133.68 million for the quarter, compared to analyst estimates of $131.62 million. During the same period in the prior year, the firm posted $0.08 EPS. The business’s revenue was up 13.1% compared to the same quarter last year. As a group, analysts expect that N-able, Inc. will post 0.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NABL shares. Scotiabank increased their price target on N-able from $5.25 to $5.75 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Weiss Ratings reissued a “sell (d)” rating on shares of N-able in a research note on Tuesday, April 21st. Needham & Company LLC reduced their price objective on 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 reissued an “underperform” rating on shares of N-able in a research note on Monday, March 23rd. Finally, Zacks Research raised N-able from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $7.55.

N-able 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.