N-able (NYSE:NABL) Hits New 1-Year Low – Should You Sell?

N-able, Inc. (NYSE:NABL) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $2.92 and last traded at $2.9670, with a volume of 151779 shares changing hands. The stock had previously closed at $3.05.

Wall Street Analyst Weigh In

Several analysts have issued reports on NABL shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of N-able in a report on Tuesday, April 21st. William Blair reaffirmed an “underperform” rating on shares of N-able in a report on Monday, March 23rd. Zacks Research raised shares of N-able from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Needham & Company LLC cut their price objective on shares of N-able from $8.00 to $6.50 and set a “buy” rating for the company in a research report on Friday, May 8th. Finally, Scotiabank boosted their price objective on shares of N-able from $5.25 to $5.75 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $7.55.

N-able Price Performance

The stock has a market cap of $566.08 million, a P/E ratio of -59.90 and a beta of 0.54. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.49. The company’s fifty day simple moving average is $4.19 and its 200-day simple moving average is $5.41.

N-able (NYSE:NABL) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $133.68 million for the quarter, compared to analyst estimates of $131.62 million. N-able had a negative net margin of 1.99% and a positive return on equity of 3.40%. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 EPS. As a group, sell-side analysts forecast that N-able, Inc. will post 0.22 EPS for the current year.

Institutional Investors Weigh In On N-able

Several large investors have recently made changes to their positions in NABL. Hantz Financial Services Inc. grew its holdings in shares of N-able by 179.8% in the 4th quarter. Hantz Financial Services Inc. now owns 3,277 shares of the company’s stock worth $25,000 after purchasing an additional 2,106 shares during the last quarter. PNC Financial Services Group Inc. grew 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. EverSource Wealth Advisors LLC grew 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. Sequoia Financial Advisors LLC bought a new stake in shares of N-able in the 1st quarter worth about $48,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of N-able in the 4th quarter worth about $85,000. 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.