56,173 Shares in N-able, Inc. (NYSE:NABL) Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets bought a new position in N-able, Inc. (NYSE:NABL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 56,173 shares of the company's stock, valued at approximately $525,000.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. lifted its holdings in N-able by 95.5% in the fourth quarter. Blue Trust Inc. now owns 3,128 shares of the company's stock valued at $29,000 after buying an additional 1,528 shares during the period. Aquatic Capital Management LLC bought a new position in N-able in the 4th quarter valued at about $29,000. Tower Research Capital LLC TRC increased its position in N-able by 67.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,251 shares of the company's stock worth $30,000 after purchasing an additional 1,309 shares in the last quarter. KBC Group NV increased its position in N-able by 104.7% in the 4th quarter. KBC Group NV now owns 5,490 shares of the company's stock valued at $51,000 after acquiring an additional 2,808 shares during the period. Finally, New Age Alpha Advisors LLC bought a new position in N-able during the fourth quarter worth $83,000. Institutional investors and hedge funds own 96.35% of the company's stock.

N-able Price Performance

NYSE NABL traded up $0.22 during trading on Tuesday, hitting $7.94. 1,217,296 shares of the stock traded hands, compared to its average volume of 775,717. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.43. N-able, Inc. has a 12-month low of $6.07 and a 12-month high of $15.49. The firm has a 50-day simple moving average of $7.17 and a 200-day simple moving average of $8.73. The company has a market capitalization of $1.50 billion, a P/E ratio of 39.70 and a beta of 0.57.

N-able (NYSE:NABL - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.02. N-able had a return on equity of 6.31% and a net margin of 8.08%. The firm had revenue of $118.20 million during the quarter, compared to the consensus estimate of $115.65 million. During the same period in the prior year, the company earned $0.11 EPS. The company's quarterly revenue was up 4.0% compared to the same quarter last year. As a group, analysts predict that N-able, Inc. will post 0.27 EPS for the current year.

N-able announced that its board has authorized a share repurchase program on Wednesday, March 12th that allows the company to repurchase $75.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 5.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. William Blair restated an "outperform" rating on shares of N-able in a research note on Friday, March 14th. Royal Bank of Canada lowered their price target on N-able from $12.00 to $10.00 and set an "outperform" rating on the stock in a report on Tuesday, March 4th. Needham & Company LLC restated a "buy" rating and set a $10.00 target price on shares of N-able in a research note on Monday, May 5th. BMO Capital Markets reissued a "market perform" rating and issued a $8.50 target price (down previously from $13.50) on shares of N-able in a report on Tuesday, March 4th. Finally, Scotiabank raised their target price on shares of N-able from $8.75 to $9.00 and gave the company a "sector perform" rating in a research note on Friday, March 14th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, N-able has an average rating of "Moderate Buy" and an average target price of $9.38.

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.