N-able (NYSE:NABL) Trading Up 7.2% – What’s Next?

N-able, Inc. (NYSE:NABL) traded up 7.2% during mid-day trading on Monday . The company traded as high as $3.64 and last traded at $3.6350. 305,172 shares were traded during mid-day trading, a decline of 79% from the average session volume of 1,477,387 shares. The stock had previously closed at $3.39.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Zacks Research upgraded shares of N-able from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of N-able in a report on Tuesday, April 21st. B. Riley Financial assumed coverage on shares of N-able in a report on Friday, January 23rd. They issued a “buy” rating and a $10.00 price objective on the stock. Scotiabank lifted their price objective on shares of N-able from $5.25 to $5.75 and gave the company a “sector perform” rating in a report on Friday, May 8th. Finally, BMO Capital Markets lowered their price objective on shares of N-able from $9.50 to $5.50 and set a “market perform” rating on the stock in a report on Friday, February 20th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $7.55.

N-able Stock Performance

The firm has a market capitalization of $675.34 million, a price-to-earnings ratio of -71.70 and a beta of 0.64. The stock’s fifty day moving average is $4.79 and its two-hundred day moving average is $6.07. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.49.

N-able (NYSE:NABL) last issued its earnings results on Thursday, May 7th. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. The business had revenue of $133.68 million for 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 revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.08 earnings per share. On average, analysts predict that N-able, Inc. will post 0.24 earnings per share for the current year.

Hedge Funds Weigh In On N-able

Institutional investors and hedge funds have recently modified their holdings of the stock. Hantz Financial Services Inc. increased its holdings in shares of 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 holdings in shares of N-able by 93.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock valued at $30,000 after purchasing an additional 1,924 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings 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 purchasing an additional 3,606 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of N-able in the first quarter valued at $48,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of N-able in the third quarter valued at $82,000. 96.35% of the stock is currently owned by institutional investors and hedge funds.

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.