Savant Capital LLC Takes Position in N-able, Inc. $NABL

Savant Capital LLC acquired a new stake in N-able, Inc. (NYSE:NABL) during the second quarter, Holdings Channel reports. The fund acquired 17,932 shares of the company’s stock, valued at approximately $145,000.

Several other hedge funds also recently added to or reduced their stakes in NABL. Parallel Advisors LLC raised its position in N-able by 1,030.5% in the second quarter. Parallel Advisors LLC now owns 3,516 shares of the company’s stock valued at $28,000 after purchasing an additional 3,205 shares during the period. PNC Financial Services Group Inc. increased its position in shares of N-able by 241.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,162 shares of the company’s stock worth $30,000 after purchasing an additional 2,943 shares during the last quarter. Signaturefd LLC raised its holdings in N-able by 1,410.3% in the 2nd quarter. Signaturefd LLC now owns 6,615 shares of the company’s stock valued at $54,000 after buying an additional 6,177 shares during the period. Ieq Capital LLC purchased a new stake in N-able in the 1st quarter valued at about $72,000. Finally, Revisor Wealth Management LLC lifted its position in N-able by 20.8% in the second quarter. Revisor Wealth Management LLC now owns 13,977 shares of the company’s stock valued at $114,000 after buying an additional 2,402 shares during the last quarter. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NABL shares. Royal Bank Of Canada boosted their price target on shares of N-able from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of N-able in a research report on Wednesday, October 8th. Wall Street Zen raised N-able from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 15th. Finally, Scotiabank restated a “sector perform” rating and set a $8.75 price target (up from $8.30) on shares of N-able in a research note on Friday, August 8th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $9.31.

N-able Trading Up 0.1%

NYSE NABL opened at $7.14 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of -237.83 and a beta of 0.61. The firm has a 50 day simple moving average of $7.88 and a 200-day simple moving average of $7.91. N-able, Inc. has a one year low of $6.07 and a one year high of $10.60.

N-able (NYSE:NABL) last announced its earnings results on Thursday, November 6th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.04. N-able had a negative net margin of 1.31% and a positive return on equity of 4.17%. The firm had revenue of $131.71 million for the quarter, compared to the consensus estimate of $127.48 million. During the same period in the prior year, the firm earned $0.13 EPS. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. N-able has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Equities research analysts anticipate that N-able, Inc. will post 0.27 EPS for the current fiscal year.

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.