Two Sigma Advisers LP Acquires 57,900 Shares of N-able, Inc. (NYSE:NABL)

Two Sigma Advisers LP boosted its holdings in shares of N-able, Inc. (NYSE:NABL - Free Report) by 340.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74,900 shares of the company's stock after buying an additional 57,900 shares during the quarter. Two Sigma Advisers LP's holdings in N-able were worth $700,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in shares of N-able by 95.5% during the 4th quarter. Blue Trust Inc. now owns 3,128 shares of the company's stock worth $29,000 after buying an additional 1,528 shares during the period. Aquatic Capital Management LLC acquired a new position in N-able during the 4th quarter worth $29,000. Tower Research Capital LLC TRC lifted its position in N-able by 67.4% during the 4th 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. KBC Group NV boosted its holdings in N-able by 104.7% during the fourth quarter. KBC Group NV now owns 5,490 shares of the company's stock valued at $51,000 after acquiring an additional 2,808 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of N-able in the fourth quarter valued at about $83,000. 96.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

N-able Trading Up 1.7%

NYSE NABL traded up $0.14 during trading hours on Thursday, hitting $8.16. The company's stock had a trading volume of 469,658 shares, compared to its average volume of 777,656. N-able, Inc. has a twelve month low of $6.07 and a twelve month high of $15.49. The firm has a market capitalization of $1.54 billion, a P/E ratio of 40.78 and a beta of 0.61. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.43. The stock has a fifty day moving average of $7.24 and a 200 day moving average of $8.61.

N-able (NYSE:NABL - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. N-able had a net margin of 8.08% and a return on equity of 6.31%. The company had revenue of $118.20 million during the quarter, compared to analyst estimates of $115.65 million. During the same quarter in the previous year, the business earned $0.11 EPS. The firm's revenue was up 4.0% on a year-over-year basis. Equities research analysts forecast that N-able, Inc. will post 0.27 earnings per share for the current fiscal year.

N-able announced that its Board of Directors has initiated a share buyback plan on Wednesday, March 12th that permits the company to repurchase $75.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 5.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board 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.