Dimensional Fund Advisors LP boosted its position in N-able, Inc. (NYSE:NABL - Free Report) by 11.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,770,126 shares of the company's stock after buying an additional 474,028 shares during the quarter. Dimensional Fund Advisors LP owned 2.53% of N-able worth $22,277,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NABL. Defiance ETFs LLC purchased a new stake in shares of N-able during the fourth quarter worth about $8,954,000. Ameriprise Financial Inc. increased its holdings in N-able by 516.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,274,744 shares of the company's stock worth $10,325,000 after purchasing an additional 1,068,061 shares during the last quarter. Bank of America Corp DE increased its holdings in N-able by 271.8% during the 2nd quarter. Bank of America Corp DE now owns 679,119 shares of the company's stock worth $5,501,000 after purchasing an additional 496,461 shares during the last quarter. Marshall Wace LLP raised its position in shares of N-able by 435.1% in the 2nd quarter. Marshall Wace LLP now owns 521,675 shares of the company's stock valued at $4,226,000 after purchasing an additional 424,190 shares in the last quarter. Finally, CenterBook Partners LP raised its position in shares of N-able by 32.6% in the 4th quarter. CenterBook Partners LP now owns 1,084,990 shares of the company's stock valued at $8,116,000 after purchasing an additional 266,806 shares in the last quarter. 96.35% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on NABL shares. Needham & Company LLC decreased their price target on shares of N-able from $8.00 to $6.50 and set a "buy" rating for the company in a research report on Friday, May 8th. Wall Street Zen raised shares of N-able from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. Weiss Ratings reiterated a "sell (d)" rating on shares of N-able in a research note on Friday, July 17th. Scotiabank raised their price objective on shares of N-able from $5.25 to $5.75 and gave the stock a "sector perform" rating in a report on Friday, May 8th. Finally, Zacks Research downgraded shares of N-able from a "hold" rating to a "strong sell" rating in a research report on Thursday, July 16th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $7.55.
Get Our Latest Stock Analysis on NABL
N-able Price Performance
Shares of NABL opened at $4.89 on Friday. The firm has a market cap of $921.37 million, a price-to-earnings ratio of -97.82 and a beta of 0.50. The stock has a 50 day moving average of $3.99 and a 200-day moving average of $4.60. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.49. N-able, Inc. has a 52 week low of $2.92 and a 52 week high of $9.04.
N-able (NYSE:NABL - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. N-able had a positive return on equity of 3.40% and a negative net margin of 1.99%.The business had revenue of $133.68 million for the quarter, compared to analyst estimates of $131.62 million. During the same period in the prior year, the company posted $0.08 EPS. The business's revenue was up 13.1% compared to the same quarter last year. As a group, analysts forecast that N-able, Inc. will post 0.22 EPS for the current year.
About N-able
(
Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider N-able, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and N-able wasn't on the list.
While N-able currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link to see MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
