N-able, Inc. (NYSE:NABL) Stock Has Consensus Price Target of $5.08 According to Analysts

Key Points

• Analyst consensus is “Hold” among eight firms, with two sell, four hold, and two buy ratings. The average 12-month price target is $5.08.
• N-able reported quarterly EPS of $0.10, matching estimates, while revenue rose 5.3% year over year to $138.22 million. Analysts forecast full-year EPS of $0.23.
• Institutional investors own 96.35% of the stock, and the company authorized a $50 million share-repurchase program covering up to 6.7% of outstanding shares.

Shares of N-able, Inc. (NYSE:NABL - Get Free Report) have been assigned an average recommendation of "Hold" from the eight research firms that are covering the stock, MarketBeat Ratings reports. Two research 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 target price among brokers that have issued ratings on the stock in the last year is $5.08.

A number of equities research analysts have commented on NABL shares. Needham & Company LLC lowered their target price on N-able from $6.50 to $4.00 and set a "buy" rating on the stock in a report on Tuesday, August 11th. Weiss Ratings reissued a "sell (d)" rating on shares of N-able in a report on Thursday, October 15th. Scotiabank dropped their price objective on N-able from $5.75 to $3.65 and set a "sector perform" rating on the stock in a report on Tuesday, August 11th. BMO Capital Markets dropped their price target on shares of N-able from $6.00 to $3.75 and set a "market perform" rating for the company in a research report on Tuesday, August 11th. Finally, Wall Street Zen upgraded N-able from a "hold" rating to a "buy" rating in a report on Saturday, October 10th.

Institutional Trading of N-able

A number of hedge funds and other institutional investors have recently bought and sold shares of NABL. Lexington Partners L.P. purchased a new stake in shares of N-able in the 2nd quarter worth about $4,550,312. Arrowstreet Capital Limited Partnership bought a new position in N-able in the 1st quarter worth $2,642,000. Dimensional Fund Advisors LP grew its position in shares of N-able by 11.0% during the first quarter. Dimensional Fund Advisors LP now owns 4,770,126 shares of the company's stock valued at $22,277,000 after purchasing an additional 474,028 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of N-able by 68.4% in the 1st quarter. Renaissance Technologies LLC now owns 880,500 shares of the company's stock worth $4,112,000 after buying an additional 357,500 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of N-able in the third quarter valued at $605,000. Institutional investors own 96.35% of the company's stock.

N-able Stock Performance

Shares of NABL opened at $5.16 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.30 and a current ratio of 1.30. N-able has a one year low of $2.92 and a one year high of $8.73. The stock has a 50-day moving average of $4.29 and a two-hundred day moving average of $4.51. The stock has a market cap of $974.78 million, a P/E ratio of -258.00 and a beta of 0.39.

N-able (NYSE:NABL - Get Free Report) last posted 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 negative net margin of 0.88% and a positive return on equity of 3.55%. The firm had revenue of $138.22 million during the quarter, compared to the consensus estimate of $138.08 million. During the same quarter last year, the firm earned $0.11 EPS. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. As a group, research analysts predict that N-able will post 0.23 EPS for the current year.

N-able announced that its Board of Directors has authorized a share repurchase plan on Friday, August 28th that authorizes the company to buy back $50 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 6.7% of its shares through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its stock is undervalued.

N-able Company Profile

N-able, Inc is a software company that provides technology solutions to managed service providers (MSPs). Its platform helps MSPs monitor, manage, secure and support the information technology environments of small and midsize businesses through cloud-based tools and services.

The company's offerings include remote monitoring and management software, endpoint security, backup and disaster recovery, email security, password management, and other cybersecurity and data protection solutions.

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