N-able (NYSE:NABL) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded N-able to “Hold” from “Buy,” following several analyst cuts. The stock has a consensus “Reduce” rating and a $5.08 price target.
• Other firms also lowered their views and price targets, with targets ranging from $3.75 to $4.00; analyst ratings now include two Buys, three Holds, and three Sells.
• N-able reported quarterly EPS of $0.10, matching estimates, while revenue rose 5.3% year over year to $138.22 million. Shares opened at $3.46, near the lower end of their 52-week range.

N-able (NYSE:NABL - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

Several other research analysts have also recently issued reports on the company. Royal Bank Of Canada cut N-able from an "outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $6.00 to $4.00 in a research note on Tuesday. Weiss Ratings reiterated a "sell (d)" rating on shares of N-able in a research report on Friday, July 17th. Needham & Company LLC cut their price target on shares of N-able from $6.50 to $4.00 and set a "buy" rating on the stock in a report on Tuesday. Zacks Research lowered shares of N-able from a "hold" rating to a "strong sell" rating in a research report on Thursday, July 16th. Finally, BMO Capital Markets decreased their price objective on shares of N-able from $6.00 to $3.75 and set a "market perform" rating for the company in a research note on Tuesday. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $5.08.

N-able Price Performance

Shares of NABL opened at $3.46 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.30 and a quick ratio of 1.26. The company's fifty day moving average price is $3.96 and its 200-day moving average price is $4.49. N-able has a 1-year low of $2.92 and a 1-year high of $8.73. The firm has a market capitalization of $653.63 million, a PE ratio of -173.00 and a beta of 0.50.

N-able (NYSE:NABL - Get Free Report) last issued its earnings results on Monday, August 10th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.10. N-able had a positive return on equity of 3.54% and a negative net margin of 0.88%.The company had revenue of $138.22 million during the quarter, compared to analyst estimates of $138.08 million. During the same quarter last year, the business posted $0.11 EPS. The firm's quarterly revenue was up 5.3% on a year-over-year basis. On average, equities research analysts predict that N-able will post 0.22 EPS for the current year.

Hedge Funds Weigh In On N-able

Institutional investors and hedge funds have recently modified their holdings of the stock. iSAM Funds UK Ltd boosted its stake in shares of N-able by 13.5% in the third quarter. iSAM Funds UK Ltd now owns 12,972 shares of the company's stock worth $101,000 after buying an additional 1,541 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in N-able by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,485 shares of the company's stock valued at $301,000 after acquiring an additional 1,825 shares during the period. PNC Financial Services Group Inc. lifted its holdings in N-able by 93.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company's stock valued at $30,000 after acquiring an additional 1,924 shares during the period. Lazard Asset Management LLC lifted its holdings in N-able by 0.7% in the second quarter. Lazard Asset Management LLC now owns 319,379 shares of the company's stock valued at $2,586,000 after acquiring an additional 2,100 shares during the period. Finally, Hantz Financial Services Inc. boosted its position in N-able by 179.8% in the 4th quarter. Hantz Financial Services Inc. now owns 3,277 shares of the company's stock worth $25,000 after purchasing an additional 2,106 shares in the last quarter. Institutional investors and hedge funds own 96.35% of the company's stock.

N-able Company Profile

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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