N-able (NYSE:NABL) Receives "Buy" Rating from Needham & Company LLC

Key Points

• Needham & Company reaffirmed a "Buy" rating with an $8.00 price target, implying roughly a 59.5% upside from the prior close.
• Analyst coverage is mixed—three Buys, two Holds and two Sells—resulting in a MarketBeat consensus rating of "Hold" and a consensus target of $7.75.
• N-able missed Q4 EPS ($0.06 vs. $0.10 est.) but reported revenue of $130.27M (+11.8% YoY); the stock trades around $5.02 with a market cap near $945M, well below analyst targets.

N-able (NYSE:NABL - Get Free Report)'s stock had its "buy" rating reaffirmed by Needham & Company LLC in a research note issued to investors on Thursday,Benzinga reports. They currently have a $8.00 price target on the stock. Needham & Company LLC's target price suggests a potential upside of 59.52% from the stock's previous close.

A number of other equities analysts also recently commented on the stock. B. Riley Financial began coverage on shares of N-able in a report on Friday, January 23rd. They set a "buy" rating and a $10.00 price objective for the company. Zacks Research cut shares of N-able from a "hold" rating to a "strong sell" rating in a research note on Wednesday, February 25th. Weiss Ratings restated a "sell (d)" rating on shares of N-able in a research note on Thursday, January 22nd. Scotiabank decreased their price objective on N-able from $8.75 to $5.25 and set a "sector perform" rating on the stock in a report on Friday, February 20th. Finally, BMO Capital Markets lowered their price objective on N-able from $9.50 to $5.50 and set a "market perform" rating on the stock in a research note on Friday, February 20th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, N-able has a consensus rating of "Hold" and a consensus target price of $7.75.

N-able Price Performance

Shares of NABL stock opened at $5.02 on Thursday. The company has a market capitalization of $944.73 million, a P/E ratio of -55.72 and a beta of 0.65. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.48. N-able has a 12 month low of $4.15 and a 12 month high of $9.04. The stock has a 50 day moving average of $5.59 and a two-hundred day moving average of $6.99.

N-able (NYSE:NABL - Get Free Report) last issued its earnings results on Thursday, February 19th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $130.27 million during the quarter, compared to analyst estimates of $127.07 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The business's revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, equities analysts expect that N-able will post 0.27 EPS for the current year.

Hedge Funds Weigh In On N-able

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its stake in N-able by 179.8% during the fourth quarter. Hantz Financial Services Inc. now owns 3,277 shares of the company's stock worth $25,000 after buying an additional 2,106 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of N-able by 93.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company's stock worth $30,000 after acquiring an additional 1,924 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of N-able by 1,970.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,789 shares of the company's stock worth $31,000 after acquiring an additional 3,606 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in N-able during the 3rd quarter worth approximately $82,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in N-able during the 4th quarter worth approximately $85,000. 96.35% of the stock is currently owned by institutional investors and hedge funds.

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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