N-able, Inc. (NYSE:NABL) Receives $9.31 Consensus Price Target from Brokerages

Key Points

• N-able, Inc. (NYSE:NABL) has received a consensus recommendation of "Moderate Buy" from five brokerages, with an average 12-month price target of $9.31.
• The company's shares opened at $7.50 and are currently down 8.6%, with a market capitalization of $1.42 billion.
• N-able reported $0.11 earnings per share for the last quarter, surpassing analysts' expectations of $0.09, and showed a 9.9% year-over-year revenue increase.

N-able, Inc. (NYSE:NABL - Get Free Report) has received a consensus rating of "Moderate Buy" from the five brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $9.3125.

NABL has been the subject of several research reports. Wall Street Zen upgraded shares of N-able from a "hold" rating to a "buy" rating in a research report on Saturday. Scotiabank raised their price objective on shares of N-able from $8.30 to $8.75 and gave the company a "sector perform" rating in a research report on Friday. Finally, Needham & Company LLC restated a "buy" rating and set a $10.00 price objective on shares of N-able in a report on Monday, May 5th.

Institutional Investors Weigh In On N-able

A number of institutional investors have recently bought and sold shares of the business. Occudo Quantitative Strategies LP boosted its position in N-able by 2.1% during the 4th quarter. Occudo Quantitative Strategies LP now owns 51,869 shares of the company's stock worth $484,000 after acquiring an additional 1,072 shares during the period. Tower Research Capital LLC TRC increased its position in N-able by 67.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,251 shares of the company's stock worth $30,000 after purchasing an additional 1,309 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in N-able by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,660 shares of the company's stock worth $380,000 after purchasing an additional 1,541 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in N-able by 9.2% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,445 shares of the company's stock worth $149,000 after purchasing an additional 1,553 shares during the last quarter. Finally, Revisor Wealth Management LLC increased its position in N-able by 20.8% in the 2nd quarter. Revisor Wealth Management LLC now owns 13,977 shares of the company's stock worth $114,000 after purchasing an additional 2,402 shares during the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.

N-able Stock Up 3.9%

N-able stock traded up $0.29 during midday trading on Friday, hitting $7.74. The stock had a trading volume of 207,132 shares, compared to its average volume of 1,079,808. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.41. The business has a fifty day moving average price of $8.00 and a 200 day moving average price of $7.99. N-able has a 12 month low of $6.07 and a 12 month high of $13.15. The stock has a market cap of $1.45 billion, a P/E ratio of 387.94 and a beta of 0.62.

N-able (NYSE:NABL - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. N-able had a net margin of 0.59% and a return on equity of 4.13%. The firm had revenue of $131.25 million during the quarter, compared to analysts' expectations of $125.87 million. During the same quarter in the prior year, the firm earned $0.14 EPS. N-able's quarterly revenue was up 9.9% on a year-over-year basis. Research analysts predict that N-able will post 0.27 EPS for the current year.

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.