N-able (NYSE:NABL) Shares Down 6.9% – What’s Next?

N-able, Inc. (NYSE:NABL)’s share price fell 6.9% on Wednesday . The stock traded as low as $4.39 and last traded at $4.3650. 207,758 shares traded hands during trading, a decline of 88% from the average session volume of 1,711,210 shares. The stock had previously closed at $4.69.

Analyst Ratings Changes

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

N-able Stock Down 8.5%

The company has a market capitalization of $735.62 million, a PE ratio of -78.10 and a beta of 0.53. The stock’s fifty day moving average is $3.78 and its two-hundred day moving average is $4.78. 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 (NYSE:NABL) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. The business had revenue of $133.68 million during the quarter, compared to the consensus estimate of $131.62 million. N-able had a negative net margin of 1.99% and a positive return on equity of 3.40%. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 earnings per share. As a group, analysts predict that N-able, Inc. will post 0.22 EPS for the current year.

Institutional Investors Weigh In On N-able

A number of hedge funds have recently modified their holdings of NABL. Hantz Financial Services Inc. lifted its stake in N-able by 179.8% in the fourth quarter. Hantz Financial Services Inc. now owns 3,277 shares of the company’s stock valued at $25,000 after purchasing an additional 2,106 shares during the last quarter. PNC Financial Services Group Inc. increased its position in N-able by 93.8% in the fourth 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. EverSource Wealth Advisors LLC raised its stake in shares of N-able by 1,970.5% in the second quarter. EverSource Wealth Advisors LLC now owns 3,789 shares of the company’s stock valued at $31,000 after buying an additional 3,606 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of N-able during the 1st quarter valued at $48,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of N-able during the 4th quarter valued at $85,000. 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.