N-able, Inc. (NYSE:NABL) Holdings Raised by CenterBook Partners LP

CenterBook Partners LP boosted its position in shares of N-able, Inc. (NYSE:NABL - Free Report) by 22.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 505,056 shares of the company's stock after acquiring an additional 90,961 shares during the period. CenterBook Partners LP owned about 0.27% of N-able worth $3,581,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NABL. Vanguard Group Inc. lifted its position in shares of N-able by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 9,330,440 shares of the company's stock worth $87,146,000 after buying an additional 161,725 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of N-able by 332.7% during the 1st quarter. GAMMA Investing LLC now owns 10,722 shares of the company's stock worth $76,000 after buying an additional 8,244 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in N-able during the 4th quarter worth $525,000. Crescent Park Management L.P. grew its stake in shares of N-able by 32.0% during the 4th quarter. Crescent Park Management L.P. now owns 947,984 shares of the company's stock worth $8,854,000 after purchasing an additional 229,943 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of N-able by 3.5% during the 4th quarter. Bank of New York Mellon Corp now owns 487,320 shares of the company's stock worth $4,552,000 after purchasing an additional 16,253 shares during the period. Institutional investors and hedge funds own 96.35% of the company's stock.

Analysts Set New Price Targets

Separately, Needham & Company LLC reissued a "buy" rating and issued a $10.00 price objective on shares of N-able in a research note on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $9.38.

N-able Stock Performance

N-able stock traded down $0.09 during mid-day trading on Friday, reaching $7.98. The company's stock had a trading volume of 708,553 shares, compared to its average volume of 1,106,734. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 88.67 and a beta of 0.62. The business has a 50 day moving average price of $7.98 and a 200-day moving average price of $8.17. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42. N-able, Inc. has a twelve month low of $6.07 and a twelve month high of $14.42.

N-able (NYSE:NABL - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. N-able had a net margin of 3.47% and a return on equity of 5.20%. The company had revenue of $118.20 million during the quarter, compared to the consensus estimate of $115.65 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. Sell-side analysts predict that N-able, Inc. will post 0.27 EPS for the current fiscal year.

N-able Company Profile

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.