N-able (NYSE:NABL) Downgraded by Wall Street Zen to "Hold"

Key Points

• N-able (NYSE:NABL) has been downgraded from a "buy" to a "hold" rating by Wall Street Zen.
• Despite the downgrade, other analysts like Needham & Company and Scotiabank have maintained positive outlooks, with target prices of $10.00 and $8.75 respectively.
• N-able reported earnings per share of $0.11 for the latest quarter, which exceeded analyst expectations, and the company experienced a revenue increase of 9.9% year-over-year.

Wall Street Zen cut shares of N-able (NYSE:NABL - Free Report) from a buy rating to a hold rating in a research report sent to investors on Sunday morning.

Other analysts have also recently issued research reports about the stock. Needham & Company LLC reissued a "buy" rating and issued a $10.00 target price on shares of N-able in a research note on Monday, May 5th. Scotiabank reissued a "sector perform" rating and issued a $8.75 target price (up previously from $8.30) on shares of N-able in a research note on Friday, August 8th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, N-able presently has an average rating of "Moderate Buy" and an average price target of $9.31.

N-able Stock Performance

Shares of NYSE:NABL traded up $0.1050 on Friday, hitting $7.6350. 600,400 shares of the company were exchanged, compared to its average volume of 904,258. The company's 50 day moving average price is $7.94 and its two-hundred day moving average price is $7.90. N-able has a one year low of $6.07 and a one year high of $13.15. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 381.94 and a beta of 0.62.

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 (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 company had revenue of $131.25 million for the quarter, compared to the consensus estimate of $125.87 million. During the same quarter in the previous year, the firm posted $0.14 EPS. The business's revenue was up 9.9% compared to the same quarter last year. N-able has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts expect that N-able will post 0.27 earnings per share for the current year.

Insider Transactions at N-able

In other N-able news, EVP Michael I. Adler sold 31,728 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $7.72, for a total value of $244,940.16. Following the transaction, the executive vice president directly owned 468,555 shares in the company, valued at $3,617,244.60. The trade was a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann Johnson sold 34,568 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $7.70, for a total transaction of $266,173.60. Following the completion of the transaction, the director owned 37,424 shares in the company, valued at approximately $288,164.80. This trade represents a 48.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Hedge Funds Weigh In On N-able

A number of large investors have recently modified their holdings of NABL. Parallel Advisors LLC lifted its position in shares of N-able by 1,030.5% during the second quarter. Parallel Advisors LLC now owns 3,516 shares of the company's stock worth $28,000 after purchasing an additional 3,205 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in shares of N-able during the fourth quarter worth approximately $29,000. Tower Research Capital LLC TRC lifted its position 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 worth $30,000 after purchasing an additional 1,309 shares in the last quarter. PNC Financial Services Group Inc. lifted 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 worth $30,000 after purchasing an additional 2,943 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of N-able by 1,970.5% during the second quarter. EverSource Wealth Advisors LLC now owns 3,789 shares of the company's stock worth $31,000 after purchasing an additional 3,606 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.

N-able Company Profile

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.