N-able (NYSE:NABL) Issues Quarterly Earnings Results

N-able (NYSE:NABL) posted its earnings results on Monday. The company reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates of $0.10, FiscalAI reports. N-able had a positive return on equity of 3.40% and a negative net margin of 1.99%.The company had revenue of $138.22 million for the quarter, compared to the consensus estimate of $138.08 million.

N-able Price Performance

NABL stock opened at $4.99 on Monday. The business’s fifty day moving average price is $4.02 and its 200 day moving average price is $4.59. N-able has a 12-month low of $2.92 and a 12-month high of $8.73. 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 company has a market capitalization of $939.64 million, a PE ratio of -99.76 and a beta of 0.50.

Hedge Funds Weigh In On N-able

Several institutional investors have recently bought and sold shares of NABL. Defiance ETFs LLC purchased a new position in shares of N-able in the fourth quarter valued at approximately $8,954,000. Ameriprise Financial Inc. grew its holdings in shares of N-able by 516.8% in the second quarter. Ameriprise Financial Inc. now owns 1,274,744 shares of the company’s stock valued at $10,325,000 after purchasing an additional 1,068,061 shares in the last quarter. Bank of America Corp DE increased 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 worth $5,501,000 after buying an additional 496,461 shares during the period. Marshall Wace LLP increased its stake in N-able by 435.1% during the 2nd quarter. Marshall Wace LLP now owns 521,675 shares of the company’s stock worth $4,226,000 after buying an additional 424,190 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in N-able by 7.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,296,098 shares of the company’s stock worth $32,136,000 after buying an additional 282,584 shares in the last quarter. 96.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d)” rating on shares of N-able in a research report on Friday, July 17th. Zacks Research lowered shares of N-able from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. Wall Street Zen upgraded shares of N-able from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Needham & Company LLC reduced their price target on shares of N-able from $8.00 to $6.50 and set a “buy” rating on the stock in a research note on Friday, May 8th. Finally, Scotiabank upped their price objective on shares of N-able from $5.25 to $5.75 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $7.55.

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.