N-able (NYSE:NABL) Trading Up 5% – Here’s Why

Shares of N-able, Inc. (NYSE:NABL) were up 5% during trading on Tuesday . The stock traded as high as $4.44 and last traded at $4.4330. 193,411 shares were traded during trading, a decline of 89% from the average daily volume of 1,694,173 shares. The stock had previously closed at $4.22.

Analyst Ratings Changes

Several research firms have weighed in on NABL. Zacks Research upgraded shares of N-able from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings restated 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 research note on Monday, March 23rd. Wall Street Zen upgraded N-able from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Needham & Company LLC cut their price objective on N-able from $8.00 to $6.50 and set a “buy” rating for the company in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $7.55.

N-able Stock Down 0.5%

The business has a fifty day moving average of $3.81 and a 200 day moving average of $5.00. The stock has a market cap of $821.34 million, a price-to-earnings ratio of -87.20 and a beta of 0.53. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.26 and a quick ratio of 1.26.

N-able (NYSE:NABL) last posted its earnings results on Thursday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. The firm had revenue of $133.68 million during the quarter, compared to analysts’ expectations of $131.62 million. N-able had a negative net margin of 1.99% and a positive return on equity of 3.40%. The company’s revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.08 earnings per share. On average, equities analysts predict that N-able, Inc. will post 0.22 earnings per share for the current year.

Institutional Investors Weigh In On N-able

Institutional investors and hedge funds have recently modified their holdings of the business. Topline Capital Management LLC bought a new position in N-able during the third quarter valued at about $3,545,000. Applied Fundamental Research LLC lifted its position in shares of N-able by 18.3% in the fourth quarter. Applied Fundamental Research LLC now owns 1,252,829 shares of the company’s stock worth $9,371,000 after buying an additional 193,680 shares during the last quarter. CenterBook Partners LP boosted its stake in shares of N-able by 32.6% during the 4th quarter. CenterBook Partners LP now owns 1,084,990 shares of the company’s stock worth $8,116,000 after acquiring an additional 266,806 shares in the last quarter. UBS Group AG boosted its stake in shares of N-able by 66.0% during the 4th quarter. UBS Group AG now owns 413,492 shares of the company’s stock worth $3,093,000 after acquiring an additional 164,340 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of N-able by 10.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 22,386 shares of the company’s stock valued at $167,000 after acquiring an additional 2,153 shares during the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

N-able Company Profile

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.