N-able (NYSE:NABL) Announces Earnings Results, Hits Estimates

N-able (NYSE:NABL) released its earnings results on Monday. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10, FiscalAI reports. N-able had a positive return on equity of 3.40% and a negative net margin of 1.99%.The firm had revenue of $138.22 million during the quarter, compared to analyst estimates of $138.08 million.

N-able Stock Down 0.0%

NABL stock opened at $4.99 on Monday. The stock has a market cap of $939.64 million, a P/E ratio of -99.76 and a beta of 0.50. 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 has a twelve month low of $2.92 and a twelve month high of $8.73. The company’s 50 day moving average is $4.02 and its two-hundred day moving average is $4.59.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Scotiabank increased their price target on N-able from $5.25 to $5.75 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Wall Street Zen upgraded shares of N-able from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Zacks Research cut shares of N-able from a “hold” rating to a “strong sell” rating in a report on Thursday, July 16th. Needham & Company LLC decreased their price target on shares of N-able from $8.00 to $6.50 and set a “buy” rating for the company in a research note on Friday, May 8th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of N-able in a report on Friday, July 17th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $7.55.

Institutional Investors Weigh In On N-able

Hedge funds and other institutional investors have recently bought and sold shares of the stock. iSAM Funds UK Ltd increased its position in shares of N-able by 13.5% during the third quarter. iSAM Funds UK Ltd now owns 12,972 shares of the company’s stock worth $101,000 after purchasing an additional 1,541 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of N-able by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,485 shares of the company’s stock valued at $301,000 after purchasing an additional 1,825 shares during the period. PNC Financial Services Group Inc. grew its stake in N-able by 93.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock worth $30,000 after buying an additional 1,924 shares during the last quarter. Lazard Asset Management LLC grew its stake in N-able by 0.7% during the 2nd quarter. Lazard Asset Management LLC now owns 319,379 shares of the company’s stock worth $2,586,000 after buying an additional 2,100 shares during the last quarter. Finally, Walleye Capital LLC increased its position in N-able by 3.1% during the fourth quarter. Walleye Capital LLC now owns 76,274 shares of the company’s stock worth $571,000 after buying an additional 2,301 shares during the period. 96.35% of the stock is currently owned by institutional investors and hedge funds.

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.