N-able (NYSE:NABL) Shares Down 7.2% - What's Next?

Key Points

• Shares fell 7.2% to about $4.19 on Friday with mid-day volume of ~447,600 shares (down ~71% from average), trading below its 50‑day and 200‑day moving averages of $4.97 and $6.62 and a market cap near $785M.
• Analysts are split but the consensus is Hold with an average price target of $7.75 (3 Buy, 2 Hold, 3 Sell), and several recent rating/target changes including Scotiabank cutting its target to $5.25.
• Recent quarter: N‑able missed EPS at $0.06 vs $0.10 expected while revenue rose 11.8% year‑over‑year to $130.27M, with a negative net margin (~‑3.33%) and a P/E of about ‑46.5.

Shares of N-able, Inc. (NYSE:NABL - Get Free Report) fell 7.2% during mid-day trading on Friday . The company traded as low as $4.22 and last traded at $4.1850. 447,597 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 1,568,871 shares. The stock had previously closed at $4.51.

Analyst Upgrades and Downgrades

NABL has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $8.00 target price on shares of N-able in a research note on Thursday, March 19th. William Blair reiterated an "underperform" rating on shares of N-able in a report on Monday, March 23rd. Zacks Research cut shares of N-able from a "hold" rating to a "strong sell" rating in a report on Wednesday, February 25th. B. Riley Financial assumed coverage on shares of N-able in a report on Friday, January 23rd. They set a "buy" rating and a $10.00 price target on the stock. Finally, Scotiabank cut their price target on shares of N-able from $8.75 to $5.25 and set a "sector perform" rating on the stock in a report on Friday, February 20th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $7.75.

N-able Stock Performance

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 firm has a market cap of $784.60 million, a P/E ratio of -46.50 and a beta of 0.58. The business's 50-day simple moving average is $4.97 and its 200 day simple moving average is $6.62.

N-able (NYSE:NABL - Get Free Report) last posted 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 positive return on equity of 3.17% and a negative net margin of 3.33%.The company had revenue of $130.27 million during the quarter, compared to the consensus estimate of $127.07 million. During the same period last year, the firm posted $0.10 EPS. The company's revenue for the quarter was up 11.8% on a year-over-year basis. As a group, equities analysts predict that N-able, Inc. will post 0.27 earnings per share for the current year.

Institutional Investors Weigh In On N-able

A number of large investors have recently added to or reduced their stakes in NABL. Hantz Financial Services Inc. boosted its stake in shares of N-able by 179.8% during the 4th quarter. Hantz Financial Services Inc. now owns 3,277 shares of the company's stock worth $25,000 after acquiring an additional 2,106 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of N-able by 1,970.5% during 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 during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of N-able by 93.8% during 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 during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in shares of N-able during the 3rd quarter worth $82,000. Finally, Brevan Howard Capital Management LP purchased a new position in shares of N-able during the 2nd quarter worth $90,000. Institutional investors 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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