N-able (NYSE:NABL) Shares Gap Down - Time to Sell?

Key Points

• N-able shares plunged, opening at $3.25 versus a prior close of $4.99 and last trading near $3.32, below both its 50-day and 200-day moving averages.
• Analyst sentiment is mixed but leans cautious: the stock carries a consensus “Hold” rating and a $7.55 price target, while Zacks Research downgraded it to “strong sell” and Weiss Ratings maintained a sell rating.
• N-able’s latest quarterly results met expectations with $0.10 adjusted EPS and $138.22 million in revenue, up 5.3% year over year; institutional investors own a substantial 96.35% of shares.

Shares of N-able, Inc. (NYSE:NABL - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $4.99, but opened at $3.25. N-able shares last traded at $3.3150, with a volume of 826,375 shares trading hands.

Analyst Upgrades and Downgrades

NABL has been the subject of several research reports. Weiss Ratings reiterated a "sell (d)" rating on shares of N-able in a research report on Friday, July 17th. Zacks Research cut shares of N-able from a "hold" rating to a "strong sell" rating in a report on Thursday, July 16th. Needham & Company LLC lowered their price target on N-able from $8.00 to $6.50 and set a "buy" rating on the stock in a report on Friday, May 8th. Scotiabank increased their price objective on N-able from $5.25 to $5.75 and gave the stock a "sector perform" rating in a research report on Friday, May 8th. Finally, Wall Street Zen raised N-able from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, N-able currently has an average rating of "Hold" and a consensus price target of $7.55.

N-able Price Performance

The company has a market cap of $620.71 million, a price-to-earnings ratio of -65.90 and a beta of 0.50. The company has a 50-day simple moving average of $4.02 and a 200-day simple moving average of $4.59. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.26 and a current ratio of 1.26.

N-able (NYSE:NABL - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. N-able had a positive return on equity of 3.40% and a negative net margin of 1.99%.The business had revenue of $138.22 million during the quarter, compared to analysts' expectations of $138.08 million. During the same period last year, the firm earned $0.11 EPS. The company's quarterly revenue was up 5.3% compared to the same quarter last year. As a group, research analysts predict that N-able, Inc. will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On N-able

A number of large investors have recently made changes to their positions in NABL. Renaissance Technologies LLC boosted its stake in shares of N-able by 68.4% during the 1st quarter. Renaissance Technologies LLC now owns 880,500 shares of the company's stock worth $4,112,000 after acquiring an additional 357,500 shares in the last quarter. Applied Fundamental Research LLC raised its holdings in N-able by 18.3% during the fourth quarter. Applied Fundamental Research LLC now owns 1,252,829 shares of the company's stock worth $9,371,000 after purchasing an additional 193,680 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in N-able by 11.0% during the first quarter. Dimensional Fund Advisors LP now owns 4,770,126 shares of the company's stock worth $22,277,000 after purchasing an additional 474,028 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in N-able during the first quarter worth $2,642,000. Finally, UBS Group AG grew its holdings in N-able by 66.0% in the fourth quarter. UBS Group AG now owns 413,492 shares of the company's stock valued at $3,093,000 after purchasing an additional 164,340 shares during the last quarter. Hedge funds and other 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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