UBS Group AG Has $3.09 Million Holdings in N-able, Inc. $NABL

UBS Group AG grew its position in N-able, Inc. (NYSE:NABL) by 66.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 413,492 shares of the company’s stock after acquiring an additional 164,340 shares during the quarter. UBS Group AG’s holdings in N-able were worth $3,093,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in N-able by 1,970.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,789 shares of the company’s stock worth $31,000 after purchasing an additional 3,606 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in shares of N-able during the 3rd quarter valued at about $82,000. Brevan Howard Capital Management LP acquired a new position in shares of N-able during the 2nd quarter valued at about $90,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of N-able during the 4th quarter valued at about $85,000. Finally, iSAM Funds UK Ltd acquired a new position in shares of N-able during the 2nd quarter valued at about $93,000. 96.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Weiss Ratings reissued a “sell (d)” rating on shares of N-able in a report on Tuesday, April 21st. Scotiabank increased their price objective 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 lowered their price objective on N-able from $8.00 to $6.50 and set a “buy” rating on the stock in a report on Friday, May 8th. William Blair reissued an “underperform” rating on shares of N-able in a report on Monday, March 23rd. Finally, Wall Street Zen raised N-able from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $7.55.

N-able Stock Performance

Shares of NYSE NABL opened at $3.67 on Tuesday. The firm has a market cap of $690.41 million, a price-to-earnings ratio of -73.30 and a beta of 0.64. The business’s 50-day simple moving average is $4.64 and its 200-day simple moving average is $5.90. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.26 and a current ratio of 1.26. N-able, Inc. has a 52 week low of $3.24 and a 52 week high of $9.04.

N-able (NYSE:NABL) last released its earnings results on Thursday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. The firm had revenue of $133.68 million for the quarter, compared to analyst estimates of $131.62 million. N-able had a positive return on equity of 3.40% and a negative net margin of 1.99%.The company’s revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 EPS. As a group, equities research analysts expect that N-able, Inc. will post 0.23 earnings per share for the current fiscal year.

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.