N-able (NYSE:NABL) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of N-able (NYSE:NABL) from a buy rating to a hold rating in a research note published on Saturday.

A number of other brokerages have also issued reports on NABL. Zacks Research lowered shares of N-able from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. Royal Bank Of Canada lowered N-able from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $6.00 to $4.00 in a report on Tuesday, August 11th. BMO Capital Markets cut their price objective on N-able from $6.00 to $3.75 and set a “market perform” rating on the stock in a research note on Tuesday, August 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of N-able in a report on Friday, July 17th. Finally, Needham & Company LLC decreased their target price on N-able from $6.50 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $5.08.

N-able Stock Performance

N-able stock opened at $3.28 on Friday. N-able has a 52 week low of $2.92 and a 52 week high of $8.73. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.48. The stock has a market cap of $619.62 million, a P/E ratio of -164.00 and a beta of 0.50. The stock has a 50 day moving average of $3.96 and a 200-day moving average of $4.45.

N-able (NYSE:NABL) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The firm had revenue of $138.22 million for the quarter, compared to analysts’ expectations of $138.08 million. N-able had a negative net margin of 0.88% and a positive return on equity of 3.54%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. On average, analysts expect that N-able will post 0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On N-able

A number of large investors have recently bought and sold shares of NABL. Hantz Financial Services Inc. grew its holdings in shares of N-able by 179.8% during 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. EverSource Wealth Advisors LLC lifted its holdings in shares of 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. PNC Financial Services Group Inc. lifted its holdings in shares of N-able by 93.8% in the 4th 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 last quarter. Sequoia Financial Advisors LLC acquired a new position in N-able during the 1st quarter valued at approximately $48,000. Finally, Brevan Howard Capital Management LP acquired a new position in N-able during the 2nd quarter valued at approximately $90,000. Institutional investors own 96.35% of the company’s stock.

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.