Brokerages Set N-able, Inc. (NYSE:NABL) PT at $7.55

Shares of N-able, Inc. (NYSE:NABL) have been given a consensus recommendation of “Hold” by the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $7.55.

Several research analysts recently issued reports on NABL shares. Scotiabank increased their target price on shares of N-able from $5.25 to $5.75 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Wall Street Zen raised shares of N-able from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Zacks Research lowered shares of N-able from a “hold” rating to a “strong sell” rating in a report on Thursday, July 16th. Weiss Ratings reissued a “sell (d)” rating on shares of N-able in a research report on Friday, July 17th. Finally, 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 research note on Friday, May 8th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. iSAM Funds UK Ltd grew its stake in N-able by 13.5% in the third quarter. iSAM Funds UK Ltd now owns 12,972 shares of the company’s stock valued at $101,000 after acquiring an additional 1,541 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of N-able by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,485 shares of the company’s stock worth $301,000 after purchasing an additional 1,825 shares during the period. PNC Financial Services Group Inc. raised its position in shares of N-able by 93.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock worth $30,000 after purchasing an additional 1,924 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of N-able by 0.7% in the 2nd quarter. Lazard Asset Management LLC now owns 319,379 shares of the company’s stock worth $2,586,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings 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 worth $25,000 after purchasing an additional 2,106 shares in the last quarter. Institutional investors own 96.35% of the company’s stock.

N-able Price Performance

N-able stock opened at $4.67 on Friday. The stock has a market capitalization of $880.68 million, a price-to-earnings ratio of -93.50 and a beta of 0.53. N-able has a 52-week low of $2.92 and a 52-week high of $9.04. The stock’s 50 day moving average price is $3.88 and its two-hundred day moving average price is $4.67. 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 (NYSE:NABL) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. The company 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 company’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 EPS. On average, equities analysts predict that N-able will post 0.22 earnings per share for the current year.

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.