N-able (NYSE:NABL) Trading Up 5% – Still a Buy?

N-able, Inc. (NYSE:NABL) shot up 5% during trading on Tuesday . The stock traded as high as $4.44 and last traded at $4.4330. Approximately 193,411 shares changed hands during trading, a decline of 89% from the average session volume of 1,694,173 shares. The stock had previously closed at $4.22.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. William Blair reiterated an “underperform” rating on shares of N-able in a research note on Monday, March 23rd. Zacks Research raised shares of N-able from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Needham & Company LLC cut their price objective on shares of N-able from $8.00 to $6.50 and set a “buy” rating for the company in a report on Friday, May 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of N-able in a research note on Tuesday, April 21st. Finally, Scotiabank increased their target price on N-able from $5.25 to $5.75 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Three 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.com, N-able presently has a consensus rating of “Hold” and a consensus price target of $7.55.

N-able Stock Performance

The business’s fifty day moving average price is $3.85 and its 200-day moving average price is $5.05. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $846.77 million, a PE ratio of -89.92 and a beta of 0.53.

N-able (NYSE:NABL) last posted its earnings results on Thursday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. N-able had a negative net margin of 1.99% and a positive return on equity of 3.40%. The business had revenue of $133.68 million for the quarter, compared to analysts’ expectations of $131.62 million. During the same period in the prior year, the company posted $0.08 EPS. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. As a group, equities research analysts expect that N-able, Inc. will post 0.22 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Hantz Financial Services Inc. increased its position in shares of N-able by 179.8% in the fourth quarter. Hantz Financial Services Inc. now owns 3,277 shares of the company’s stock worth $25,000 after purchasing an additional 2,106 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in N-able by 1,970.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,789 shares of the company’s stock worth $31,000 after buying an additional 3,606 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of N-able by 93.8% in 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 last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of N-able during the 1st quarter valued at $48,000. Finally, Brevan Howard Capital Management LP bought a new stake in shares of N-able during the 2nd quarter worth $90,000. Hedge funds and other institutional investors 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.