N-able (NYSE:NABL) Hits New 1-Year Low – Time to Sell?

N-able, Inc. (NYSE:NABL) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $3.23 and last traded at $3.2450, with a volume of 872009 shares traded. The stock had previously closed at $3.48.

Analysts Set New Price Targets

A number of brokerages have recently commented on NABL. Zacks Research raised N-able from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Needham & Company LLC dropped their price target on N-able from $8.00 to $6.50 and set a “buy” rating on the stock in a research report on Friday, May 8th. BMO Capital Markets dropped their price target on N-able from $9.50 to $5.50 and set a “market perform” rating on the stock in a research report on Friday, February 20th. Wall Street Zen raised N-able from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of N-able in a research report on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $7.55.

N-able Price Performance

The firm has a market capitalization of $616.94 million, a P/E ratio of -65.50 and a beta of 0.54. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a 50-day moving average of $4.42 and a 200-day moving average of $5.61.

N-able (NYSE:NABL) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $133.68 million for the quarter, compared to analysts’ expectations of $131.62 million. N-able had a positive return on equity of 3.40% and a negative net margin of 1.99%.The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 EPS. As a group, analysts predict that N-able, Inc. will post 0.22 EPS for the current year.

Hedge Funds Weigh In On N-able

Several hedge funds and other institutional investors have recently modified their holdings of NABL. AQR Capital Management LLC lifted its holdings in shares of N-able by 212.6% during the 1st quarter. AQR Capital Management LLC now owns 124,549 shares of the company’s stock valued at $883,000 after buying an additional 84,712 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of N-able by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,485 shares of the company’s stock valued at $301,000 after buying an additional 1,825 shares during the period. American Century Companies Inc. bought a new position in shares of N-able during the 2nd quarter valued at $396,000. Norges Bank bought a new position in shares of N-able during the 2nd quarter valued at $327,000. Finally, Quantbot Technologies LP bought a new position in shares of N-able during the 2nd quarter valued at $207,000. 96.35% of the stock is owned by institutional investors.

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.