Lexington Partners L.P. Invests $4.55 Billion in N-able, Inc. $NABL

Key Points

• Lexington Partners acquired 1.24 million N-able shares valued at approximately $4.55 billion, making the position its second-largest holding and representing about 0.66% of N-able.
• N-able reported quarterly EPS of $0.10, matching estimates, while revenue rose 5.3% year over year to $138.22 million. The stock opened at $3.40 and remains near the lower end of its 52-week range.
• Analyst sentiment is mixed, with a consensus “Hold” rating and average price target of $5.08; recent firms lowered price targets, while institutional investors and hedge funds own 96.35% of the shares.

Lexington Partners L.P. acquired a new stake in shares of N-able, Inc. (NYSE:NABL - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,239,867 shares of the company's stock, valued at approximately $4,550,312,000. N-able comprises approximately 3.4% of Lexington Partners L.P.'s holdings, making the stock its 2nd biggest holding. Lexington Partners L.P. owned about 0.66% of N-able as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in NABL. AQR Capital Management LLC lifted its position in N-able by 212.6% during the 1st quarter. AQR Capital Management LLC now owns 124,549 shares of the company's stock worth $883,000 after acquiring an additional 84,712 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of N-able by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,485 shares of the company's stock valued at $301,000 after purchasing an additional 1,825 shares during the period. American Century Companies Inc. acquired a new position in shares of N-able in the second quarter valued at about $396,000. Norges Bank purchased a new position in shares of N-able in the second quarter worth about $327,000. Finally, Quantbot Technologies LP purchased a new position in shares of N-able in the second quarter worth about $207,000. 96.35% of the stock is owned by institutional investors and hedge funds.

N-able Stock Performance

Shares of NABL stock opened at $3.40 on Wednesday. N-able, Inc. has a 52-week low of $2.92 and a 52-week high of $8.73. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.48. The stock has a market cap of $641.35 million, a PE ratio of -169.75 and a beta of 0.50. The business has a 50-day simple moving average of $3.96 and a 200-day simple moving average of $4.43.

N-able (NYSE:NABL - Get Free Report) last posted its earnings results on Monday, August 10th. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The firm had revenue of $138.22 million for the quarter, compared to analyst estimates of $138.08 million. N-able had a positive return on equity of 3.54% and a negative net margin of 0.88%.N-able's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $0.11 earnings per share. On average, equities analysts expect that N-able, Inc. will post 0.22 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on NABL. Weiss Ratings reaffirmed a "sell (d)" rating on shares of N-able in a report on Friday, July 17th. Needham & Company LLC reduced their price target on shares of N-able from $6.50 to $4.00 and set a "buy" rating for the company in a research report on Tuesday, August 11th. Zacks Research raised shares of N-able from a "strong sell" rating to a "hold" rating in a research report on Friday, August 14th. Scotiabank decreased their price objective on shares of N-able from $5.75 to $3.65 and set a "sector perform" rating for the company in a research note on Tuesday, August 11th. Finally, Wall Street Zen downgraded shares of N-able from a "buy" rating to a "hold" rating in a report on Saturday. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $5.08.

N-able Profile

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.

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