65,139 Shares in N-able, Inc. $NABL Acquired by Cove Street Capital LLC

Key Points

• Cove Street Capital LLC has acquired a new stake in N-able, Inc., purchasing 65,139 shares valued at approximately $462,000 during the first quarter.
• The company recently reported $0.11 EPS for the last quarter, exceeding the consensus estimate of $0.09, with revenues of $131.25 million, reflecting a 9.9% year-over-year increase.
• N-able has a current average rating of "Moderate Buy" from analysts, with a price target of $9.31, indicating positive sentiment towards the stock.

Cove Street Capital LLC bought a new stake in N-able, Inc. (NYSE:NABL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 65,139 shares of the company's stock, valued at approximately $462,000.

Several other large investors have also recently added to or reduced their stakes in NABL. Aquatic Capital Management LLC acquired a new stake in shares of N-able during the fourth quarter worth $29,000. Tower Research Capital LLC TRC lifted its holdings in N-able by 67.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,251 shares of the company's stock worth $30,000 after acquiring an additional 1,309 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of N-able by 241.4% during the first quarter. PNC Financial Services Group Inc. now owns 4,162 shares of the company's stock valued at $30,000 after purchasing an additional 2,943 shares during the last quarter. Corton Capital Inc. acquired a new stake in shares of N-able during the 4th quarter worth approximately $94,000. Finally, Ieq Capital LLC acquired a new position in N-able during the 1st quarter valued at approximately $72,000. 96.35% of the stock is currently owned by institutional investors.

N-able Price Performance

NABL traded up $0.43 during trading on Monday, reaching $8.33. The stock had a trading volume of 1,241,182 shares, compared to its average volume of 1,048,559. The stock has a 50 day moving average of $7.96 and a two-hundred day moving average of $7.72. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 416.46 and a beta of 0.62. N-able, Inc. has a 1-year low of $6.07 and a 1-year high of $13.12.

N-able (NYSE:NABL - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. N-able had a return on equity of 4.13% and a net margin of 0.59%.The business had revenue of $131.25 million during the quarter, compared to analyst estimates of $125.87 million. During the same quarter in the prior year, the firm posted $0.14 earnings per share. The company's revenue was up 9.9% on a year-over-year basis. N-able has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts anticipate that N-able, Inc. will post 0.27 EPS for the current fiscal year.

Insider Activity at N-able

In other news, EVP Michael I. Adler sold 31,728 shares of N-able stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $7.72, for a total value of $244,940.16. Following the transaction, the executive vice president owned 468,555 shares of the company's stock, valued at $3,617,244.60. The trade was a 6.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ann Johnson sold 34,568 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $7.70, for a total transaction of $266,173.60. Following the sale, the director owned 37,424 shares of the company's stock, valued at $288,164.80. The trade was a 48.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

NABL has been the subject of several analyst reports. Scotiabank reissued a "sector perform" rating and set a $8.75 price target (up previously from $8.30) on shares of N-able in a report on Friday, August 8th. Wall Street Zen upgraded shares of N-able from a "hold" rating to a "buy" rating in a research note on Friday. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.31.

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.