Invesco Ltd. Purchases 48,059 Shares of N-able, Inc. $NABL

Key Points

• Invesco Ltd. has increased its holdings in N-able, Inc. by 9.9%, owning approximately 531,722 shares valued at $3.77 million after acquiring additional shares in the first quarter.
• Analysts are optimistic about N-able’s future, with a consensus rating of "Moderate Buy" and an average price target of $9.31, following recent research reports from several financial institutions.
• N-able reported a quarterly earnings per share (EPS) of $0.11, outperforming analyst expectations and showing a 9.9% increase in revenue compared to the previous year.

Invesco Ltd. grew its stake in shares of N-able, Inc. (NYSE:NABL - Free Report) by 9.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 531,722 shares of the company's stock after acquiring an additional 48,059 shares during the quarter. Invesco Ltd. owned about 0.28% of N-able worth $3,770,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Occudo Quantitative Strategies LP increased its holdings in shares of N-able by 2.1% during the fourth quarter. Occudo Quantitative Strategies LP now owns 51,869 shares of the company's stock valued at $484,000 after acquiring an additional 1,072 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of N-able by 67.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,251 shares of the company's stock valued at $30,000 after acquiring an additional 1,309 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of N-able by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,660 shares of the company's stock valued at $380,000 after buying an additional 1,541 shares during the last quarter. PNC Financial Services Group Inc. boosted its position 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 buying an additional 2,943 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in shares of N-able during the fourth quarter valued at $29,000. 96.35% of the stock is currently owned by institutional investors.

N-able Stock Performance

Shares of NABL stock traded down $0.18 during trading hours on Wednesday, reaching $7.82. 661,543 shares of the company traded hands, compared to its average volume of 787,624. N-able, Inc. has a 12-month low of $6.07 and a 12-month high of $13.12. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market cap of $1.46 billion, a P/E ratio of 390.95 and a beta of 0.62. The firm has a 50-day moving average price of $7.97 and a 200 day moving average price of $7.78.

N-able (NYSE:NABL - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. N-able had a return on equity of 4.13% and a net margin of 0.59%.The firm had revenue of $131.25 million for the quarter, compared to analysts' expectations of $125.87 million. During the same period in the previous year, the firm earned $0.14 EPS. The business's quarterly 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, sell-side analysts predict that N-able, Inc. will post 0.27 earnings per share for the current fiscal year.

Insider Activity at N-able

In related news, Director Ann Johnson sold 34,568 shares of N-able 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 approximately $288,164.80. This trade represents a 48.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the executive vice president directly owned 468,555 shares in the company, valued at $3,617,244.60. This trade represents a 6.34% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Scotiabank reaffirmed a "sector perform" rating and set a $8.75 price objective (up from $8.30) on shares of N-able in a research report on Friday, August 8th. Wall Street Zen cut N-able from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Three investment 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 company presently has an average rating of "Moderate Buy" and a consensus target price of $9.31.

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.