N-able, Inc. (NYSE:NABL) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts collectively rate N-able “Hold.” Of eight analysts, two recommend selling, four recommend holding, and two recommend buying; the average 12-month price target is $5.08.
• N-able reported quarterly revenue of $138.22 million, up 5.3% year over year, and adjusted earnings of $0.10 per share, matching consensus estimates.
• The company authorized a $50 million share-repurchase program, allowing it to buy back up to 6.7% of outstanding shares, while the stock recently traded at $3.83.

Shares of N-able, Inc. (NYSE:NABL - Get Free Report) have received a consensus rating of "Hold" from the eight brokerages that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $5.08.

A number of analysts have weighed in on the company. Weiss Ratings reiterated a "sell (d)" rating on shares of N-able in a research report on Friday, July 17th. Needham & Company LLC cut their price objective on N-able from $6.50 to $4.00 and set a "buy" rating for the company in a report on Tuesday, August 11th. Wall Street Zen cut N-able from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Scotiabank reduced their target price on shares of N-able from $5.75 to $3.65 and set a "sector perform" rating on the stock in a research note on Tuesday, August 11th. Finally, BMO Capital Markets lowered their target price on shares of N-able from $6.00 to $3.75 and set a "market perform" rating on the stock in a report on Tuesday, August 11th.

N-able Stock Down 0.6%

Shares of NABL stock opened at $3.83 on Friday. N-able has a 12 month low of $2.92 and a 12 month high of $8.73. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.48. The firm has a market cap of $724.47 million, a PE ratio of -191.75 and a beta of 0.49. The stock has a 50 day moving average of $4.13 and a 200-day moving average of $4.23.

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, hitting analysts' consensus estimates of $0.10. N-able had a positive return on equity of 3.55% and a negative net margin of 0.88%.The business had revenue of $138.22 million for the quarter, compared to the consensus estimate of $138.08 million. During the same period last year, the business earned $0.11 earnings per share. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. On average, equities analysts predict that N-able will post 0.23 EPS for the current year.

N-able declared that its Board of Directors has initiated a stock repurchase plan on Friday, August 28th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to purchase up to 6.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its stock is undervalued.

Institutional Trading of N-able

Large investors have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its stake in shares of N-able by 179.8% in the fourth quarter. Hantz Financial Services Inc. now owns 3,277 shares of the company's stock valued at $25,000 after acquiring an additional 2,106 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in N-able by 1,970.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,789 shares of the company's stock worth $31,000 after acquiring an additional 3,606 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in N-able by 93.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company's stock valued at $30,000 after purchasing an additional 1,924 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in N-able during the 1st quarter valued at $48,000. Finally, Brevan Howard Capital Management LP bought a new position in N-able in the 2nd quarter valued at $90,000. 96.35% of the stock is owned by institutional investors.

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.

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