N-able (NYSE:NABL) Rating Lowered to Strong Sell at Zacks Research

N-able (NYSE:NABL) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Thursday,Zacks.com reports.

NABL has been the topic of a number of other reports. Weiss Ratings restated a “sell (d)” rating on shares of N-able in a research note on Tuesday, April 21st. Wall Street Zen upgraded N-able from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. William Blair reiterated an “underperform” rating on shares of N-able in a research report on Monday, March 23rd. Needham & Company LLC lowered their price target on shares of N-able from $8.00 to $6.50 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, Scotiabank boosted their price objective 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. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7.55.

N-able Price Performance

Shares of NYSE NABL opened at $4.79 on Thursday. The stock has a market cap of $901.78 million, a price-to-earnings ratio of -95.74 and a beta of 0.53. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.26 and a current ratio of 1.26. N-able has a fifty-two week low of $2.92 and a fifty-two week high of $9.04. The firm’s 50-day simple moving average is $3.72 and its 200 day simple moving average is $4.88.

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 during the quarter, compared to analyst estimates of $131.62 million. N-able had a positive return on equity of 3.40% and a negative net margin of 1.99%.The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 EPS. As a group, research analysts anticipate that N-able will post 0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On N-able

A number of hedge funds have recently made changes to their positions in the business. Applied Fundamental Research LLC lifted its position in N-able by 18.3% in the fourth 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 last quarter. CenterBook Partners LP increased its stake in shares of N-able by 32.6% in the fourth quarter. CenterBook Partners LP now owns 1,084,990 shares of the company’s stock worth $8,116,000 after buying an additional 266,806 shares during the period. UBS Group AG raised its stake in shares of N-able by 66.0% during the fourth quarter. UBS Group AG now owns 413,492 shares of the company’s stock valued at $3,093,000 after acquiring an additional 164,340 shares during the last quarter. OP Asset Management Ltd bought a new position in shares of N-able during the first quarter valued at about $536,000. Finally, Alpine Global Management LLC purchased a new stake in shares of N-able during the fourth quarter worth about $182,000. 96.35% of the stock is currently owned by institutional investors.

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.