N-able (NYSE:NABL) Stock Price Up 6.9% - Here's Why

Key Points

• N-able shares jumped 6.9% to $3.465, despite trading volume falling 82% below the average session volume.
• Analyst sentiment remains cautious: the stock has an overall “Reduce” rating, with eight analysts split between two Buys, three Holds, and three Sells. The average price target is $5.08, though Needham and RBC both reduced their targets to $4.00.
• N-able’s latest quarterly results met expectations, with adjusted earnings of $0.10 per share and revenue of $138.22 million, up 5.3% year over year. Institutional investors own a substantial 96.35% of the company’s shares.

N-able, Inc. (NYSE:NABL - Get Free Report) shares rose 6.9% on Thursday . The company traded as high as $3.48 and last traded at $3.4650. Approximately 319,702 shares traded hands during trading, a decline of 82% from the average session volume of 1,757,957 shares. The stock had previously closed at $3.24.

Analyst Ratings Changes

NABL has been the subject of a number of analyst reports. Weiss Ratings reissued a "sell (d)" rating on shares of N-able in a research note on Friday, July 17th. Needham & Company LLC dropped their target price on shares of N-able from $6.50 to $4.00 and set a "buy" rating for the company in a report on Tuesday. Wall Street Zen raised N-able from a "hold" rating to a "buy" rating in a research note on Saturday, May 16th. Royal Bank Of Canada cut shares of N-able from an "outperform" rating to a "sector perform" rating and cut their target price for the company from $6.00 to $4.00 in a research note on Tuesday. Finally, Zacks Research cut shares of N-able from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 16th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and an average target price of $5.08.

N-able Trading Up 5.4%

The stock has a market cap of $645.13 million, a PE ratio of -170.75 and a beta of 0.50. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a fifty day moving average price of $3.97 and a 200 day moving average price of $4.52.

N-able (NYSE:NABL - Get Free Report) last announced its earnings results on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. The business had revenue of $138.22 million for the quarter, compared to the consensus estimate of $138.08 million. N-able had a negative net margin of 0.88% and a positive return on equity of 3.54%. The business's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 earnings per share. Equities analysts expect that N-able, Inc. will post 0.22 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Hantz Financial Services Inc. boosted its stake in N-able by 179.8% in the fourth quarter. Hantz Financial Services Inc. now owns 3,277 shares of the company's stock valued at $25,000 after acquiring an additional 2,106 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings 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 valued at $31,000 after purchasing an additional 3,606 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings 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 valued at $30,000 after purchasing an additional 1,924 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in N-able during the 1st quarter worth $48,000. Finally, Brevan Howard Capital Management LP purchased a new position in N-able during the 2nd quarter worth $90,000. 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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