Scotiabank Cuts N-able (NYSE:NABL) Price Target to $8.75

N-able (NYSE:NABL) had its target price reduced by Scotiabank from $11.00 to $8.75 in a research report report published on Tuesday,Benzinga reports. Scotiabank currently has a sector perform rating on the stock.

NABL has been the subject of several other research reports. Needham & Company LLC decreased their price target on shares of N-able from $16.50 to $10.00 and set a “buy” rating for the company in a research report on Monday. BMO Capital Markets decreased their price target on shares of N-able from $14.00 to $13.50 and set a “market perform” rating for the company in a research report on Friday, November 8th. Finally, Royal Bank of Canada decreased their price target on shares of N-able from $15.00 to $12.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st.

N-able Stock Up 0.9 %

N-able stock opened at $7.47 on Tuesday. N-able has a fifty-two week low of $6.75 and a fifty-two week high of $15.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.01 and a current ratio of 3.01. The firm has a 50 day moving average price of $9.48 and a 200 day moving average price of $10.96. The company has a market capitalization of $1.39 billion, a PE ratio of 37.33 and a beta of 0.41.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Blue Trust Inc. increased its stake in shares of N-able by 95.5% during the fourth quarter. Blue Trust Inc. now owns 3,128 shares of the company’s stock worth $29,000 after acquiring an additional 1,528 shares during the period. Aquatic Capital Management LLC purchased a new position in N-able in the fourth quarter valued at about $29,000. Tower Research Capital LLC TRC increased its holdings in N-able by 67.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,251 shares of the company’s stock valued at $30,000 after buying an additional 1,309 shares in the last quarter. KBC Group NV increased its holdings in N-able by 104.7% in the fourth quarter. KBC Group NV now owns 5,490 shares of the company’s stock valued at $51,000 after buying an additional 2,808 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in N-able in the fourth quarter valued at about $83,000. 96.35% of the stock is currently owned by institutional investors and hedge funds.

About N-able

N-able, Inc provides cloud-based software solutions for managed service providers in the United States, the United Kingdom, and internationally. The company's solutions enable MSPs to support digital transformation and growth within small and medium-sized enterprises. It provides software platform designed to be an integrated, enterprise-grade solution that serves as an operating system for its MSP partners and scales as their businesses grow.