N-able, Inc. (NYSE:NABL) Given Consensus Recommendation of “Hold” by Brokerages

Shares of N-able, Inc. (NYSE:NABL) have been assigned an average recommendation of “Hold” from the eight brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $5.08.

A number of analysts have commented on NABL shares. Scotiabank decreased their price target on shares of N-able from $5.75 to $3.65 and set a “sector perform” rating for the company in a research note on Tuesday, August 11th. Zacks Research raised shares of N-able from a “strong sell” rating to a “hold” rating in a research note on Friday, August 14th. Royal Bank Of Canada cut shares of N-able from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $6.00 to $4.00 in a report on Tuesday, August 11th. Weiss Ratings reissued a “sell (d)” rating on shares of N-able in a research report on Friday, July 17th. Finally, Needham & Company LLC lowered their target price on shares of N-able from $6.50 to $4.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th.

N-able Trading Up 4.6%

Shares of N-able stock opened at $3.77 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.30 and a current ratio of 1.30. N-able has a 52 week low of $2.92 and a 52 week high of $8.73. The stock has a 50 day moving average price of $4.00 and a two-hundred day moving average price of $4.35. The stock has a market capitalization of $711.25 million, a PE ratio of -188.25 and a beta of 0.50.

N-able (NYSE:NABL) last released its quarterly earnings data on Monday, August 10th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. N-able had a positive return on equity of 3.55% and a negative net margin of 0.88%.The firm had revenue of $138.22 million during the quarter, compared to the consensus estimate of $138.08 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities analysts anticipate that N-able will post 0.23 earnings per share for the current fiscal year.

Institutional Trading of N-able

Several institutional investors and hedge funds have recently modified their holdings of NABL. Lexington Partners L.P. bought a new position in shares of N-able in the second quarter valued at approximately $4,550,312,000. Defiance ETFs LLC purchased a new stake in N-able in the 4th quarter valued at $8,954,000. Ameriprise Financial Inc. raised its position in N-able by 516.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,274,744 shares of the company’s stock valued at $10,325,000 after buying an additional 1,068,061 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in N-able during the 1st quarter valued at $2,642,000. Finally, Bank of America Corp DE lifted its stake in N-able by 271.8% during the 2nd quarter. Bank of America Corp DE now owns 679,119 shares of the company’s stock valued at $5,501,000 after acquiring an additional 496,461 shares in the last quarter. 96.35% of the stock is owned by hedge funds and other 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.