N-able (NYSE:NABL) Downgraded to “Hold” Rating by Wall Street Zen

by · The Markets Daily

Wall Street Zen downgraded shares of N-able (NYSE:NABL – Free Report) from a buy rating to a hold rating in a report released on Saturday.

Several other research firms have also issued reports on NABL. Zacks Research lowered shares of N-able from a “hold” rating to a “strong sell” rating in a report on Thursday, July 16th. Scotiabank dropped their price target on shares of N-able from $5.75 to $3.65 and set a “sector perform” rating for the company in a research report on Tuesday. Needham & Company LLC reduced their price objective on shares of N-able from $6.50 to $4.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. BMO Capital Markets decreased their price objective on shares of N-able from $6.00 to $3.75 and set a “market perform” rating on the stock in a research report on Tuesday. Finally, Royal Bank Of Canada cut shares of N-able from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $6.00 to $4.00 in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $5.08.

View Our Latest Stock Report on NABL

N-able Trading Down 6.0%

Shares of N-able stock opened at $3.46 on Friday. N-able has a 1-year low of $2.92 and a 1-year high of $8.73. The company’s fifty day simple moving average is $3.96 and its 200-day simple moving average is $4.49. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.30 and a quick ratio of 1.26. The stock has a market capitalization of $653.63 million, a PE ratio of -173.00 and a beta of 0.50.

N-able (NYSE:NABL – Get Free Report) last released its earnings results on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. N-able had a positive return on equity of 3.54% and a negative net margin of 0.88%.The company had revenue of $138.22 million for the quarter, compared to the consensus estimate of $138.08 million. During the same period in the previous year, the business earned $0.11 earnings per share. N-able’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, equities analysts anticipate that N-able will post 0.22 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Lexington Partners L.P. bought a new position in N-able during the 2nd quarter valued at about $4,550,312,000. Defiance ETFs LLC bought a new stake in N-able in the fourth quarter worth about $8,954,000. Ameriprise Financial Inc. lifted its stake in N-able by 516.8% in the second quarter. Ameriprise Financial Inc. now owns 1,274,744 shares of the company’s stock worth $10,325,000 after purchasing an additional 1,068,061 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of N-able during the first quarter valued at approximately $2,642,000. Finally, Bank of America Corp DE boosted its position in shares of N-able by 271.8% during the second quarter. Bank of America Corp DE now owns 679,119 shares of the company’s stock valued at $5,501,000 after buying an additional 496,461 shares during the period. Institutional investors own 96.35% of the company’s stock.

N-able Company Profile

(Get Free Report)

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.

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