GAMMA Investing LLC Has $539,000 Holdings in N-able, Inc. (NYSE:NABL)

GAMMA Investing LLC lifted its holdings in N-able, Inc. (NYSE:NABL - Free Report) by 2,967.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,019 shares of the company's stock after acquiring an additional 73,541 shares during the period. GAMMA Investing LLC's holdings in N-able were worth $539,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of N-able by 13.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 170,357 shares of the company's stock valued at $1,591,000 after acquiring an additional 19,861 shares in the last quarter. Woodline Partners LP acquired a new position in shares of N-able in the fourth quarter valued at about $443,000. Squarepoint Ops LLC grew its stake in shares of N-able by 567.0% in the fourth quarter. Squarepoint Ops LLC now owns 86,207 shares of the company's stock valued at $805,000 after acquiring an additional 73,282 shares in the last quarter. Two Sigma Advisers LP grew its stake in shares of N-able by 340.6% in the fourth quarter. Two Sigma Advisers LP now owns 74,900 shares of the company's stock valued at $700,000 after acquiring an additional 57,900 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in shares of N-able by 46.9% in the fourth quarter. Two Sigma Investments LP now owns 159,612 shares of the company's stock valued at $1,491,000 after acquiring an additional 50,926 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NABL has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $10.00 price objective on shares of N-able in a research report on Monday, May 5th. BMO Capital Markets reaffirmed a "market perform" rating and set a $8.50 price objective (down previously from $13.50) on shares of N-able in a research report on Tuesday, March 4th. William Blair reaffirmed an "outperform" rating on shares of N-able in a research report on Friday, March 14th. Royal Bank Of Canada cut their price objective on shares of N-able from $12.00 to $10.00 and set an "outperform" rating for the company in a research report on Tuesday, March 4th. Finally, Scotiabank upped their price objective on shares of N-able from $8.75 to $9.00 and gave the stock a "sector perform" rating in a research report on Friday, March 14th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $9.38.

N-able Stock Down 3.0%

NABL stock opened at $7.88 on Thursday. The stock has a market capitalization of $1.49 billion, a P/E ratio of 87.60 and a beta of 0.61. 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 12 month low of $6.07 and a 12 month high of $15.49. The firm has a 50-day moving average price of $7.48 and a 200-day moving average price of $8.46.

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, topping analysts' consensus estimates of $0.06 by $0.02. The firm had revenue of $118.20 million during the quarter, compared to analysts' expectations of $115.65 million. N-able had a net margin of 3.47% and a return on equity of 5.20%. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 earnings per share. As a group, equities research analysts anticipate that N-able, Inc. will post 0.27 EPS for the current fiscal year.

N-able declared that its Board of Directors has initiated a share repurchase plan on Wednesday, March 12th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to buy up to 5.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

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.

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