N-able, Inc. (NYSE:NABL) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Consensus "Hold": Eight analysts cover N-able with a mixed split (3 sell, 2 hold, 3 buy) and an average 12‑month price target of $7.75.
• Quarterly results showed revenue beat but EPS missed (revenue $130.27M, +11.8% YoY; EPS $0.06 vs. $0.10 estimate), while the stock trades around $4.95, below its 200‑day average and the consensus price target.
• Institutional ownership is 96.35%, with several funds (Ameriprise, Defiance ETFs, Bank of America, Marshall Wace) recently adding or increasing positions.

N-able, Inc. (NYSE:NABL - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eight ratings firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $7.75.

NABL has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of N-able from a "buy" rating to a "hold" rating in a research note on Saturday, February 21st. Weiss Ratings reissued a "sell (d)" rating on shares of N-able in a research report on Thursday, January 22nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $8.00 price target on shares of N-able in a research report on Thursday, March 19th. Zacks Research lowered N-able from a "hold" rating to a "strong sell" rating in a research note on Wednesday, February 25th. Finally, William Blair reissued an "underperform" rating on shares of N-able in a research report on Monday, March 23rd.

Institutional Investors Weigh In On N-able

Hedge funds have recently modified their holdings of the business. Defiance ETFs LLC acquired a new position in N-able during the 4th quarter valued at $8,954,000. Ameriprise Financial Inc. grew its position in N-able by 516.8% in 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 grew its position in N-able by 271.8% in 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. Topline Capital Management LLC bought a new position in shares of N-able during the 3rd quarter worth about $3,545,000. Finally, Marshall Wace LLP increased its holdings in shares of N-able by 435.1% during the 2nd quarter. Marshall Wace LLP now owns 521,675 shares of the company's stock worth $4,226,000 after purchasing an additional 424,190 shares during the period. 96.35% of the stock is owned by institutional investors.

N-able Stock Up 6.2%

NABL opened at $4.95 on Thursday. The firm has a market cap of $932.29 million, a P/E ratio of -54.99 and a beta of 0.58. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.19 and a current ratio of 1.19. The business has a 50 day moving average price of $4.87 and a 200 day moving average price of $6.51. N-able has a twelve month low of $4.14 and a twelve month high of $9.04.

N-able (NYSE:NABL - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.04). N-able had a negative net margin of 3.33% and a positive return on equity of 3.17%. The company had revenue of $130.27 million for the quarter, compared to analyst estimates of $127.07 million. During the same quarter last year, the business earned $0.10 EPS. The company's revenue for the quarter was up 11.8% on a year-over-year basis. Research analysts forecast that N-able will post 0.27 EPS for the current year.

About N-able

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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