N-able (NYSE:NABL) Reaches New 1-Year Low – Here’s What Happened

N-able, Inc. (NYSE:NABL)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $4.03 and last traded at $4.0870, with a volume of 1724889 shares traded. The stock had previously closed at $4.69.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. B. Riley Financial assumed coverage on N-able in a report on Friday, January 23rd. They set a “buy” rating and a $10.00 price target for the company. William Blair reaffirmed an “underperform” rating on shares of N-able in a report on Monday, March 23rd. BMO Capital Markets lowered their target price on N-able from $9.50 to $5.50 and set a “market perform” rating for the company in a report on Friday, February 20th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of N-able in a report on Tuesday, April 21st. Finally, Wall Street Zen cut N-able from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Three research 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $7.55.

N-able Price Performance

The business has a 50-day simple moving average of $4.88 and a 200 day simple moving average of $6.20. The stock has a market cap of $769.90 million, a P/E ratio of -81.74 and a beta of 0.64. 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 released its quarterly earnings results on Thursday, May 7th. The company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. N-able had a positive return on equity of 3.40% and a negative net margin of 1.99%.The firm had revenue of $133.68 million for the quarter, compared to analyst estimates of $131.62 million. During the same quarter in the previous year, the company posted $0.08 EPS. The business’s revenue was up 13.1% on a year-over-year basis. On average, analysts forecast that N-able, Inc. will post 0.24 earnings per share for the current year.

Institutional Investors Weigh In On N-able

Institutional investors have recently made changes to their positions in the stock. Hantz Financial Services Inc. grew its position in shares of N-able by 179.8% in the 4th quarter. Hantz Financial Services Inc. now owns 3,277 shares of the company’s stock valued at $25,000 after buying an additional 2,106 shares during the last quarter. PNC Financial Services Group Inc. grew its position 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 valued at $30,000 after buying an additional 1,924 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of N-able by 1,970.5% in the 2nd 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 last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of N-able in the 1st quarter valued at about $48,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of N-able during the 3rd quarter valued at about $82,000. 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.