N-able (NYSE:NABL) Upgraded at Wall Street Zen

Key Points

• N-able's stock has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, with three analysts recommending a buy and two a hold.
• Scotiabank raised its target price for N-able's shares to $8.75 from $8.30, contributing to an average price target of $9.31 among analysts.
• The company reported $131.25 million in revenue for the latest quarter, surpassing analyst estimates, with a year-over-year revenue increase of 9.9% and an earnings per share (EPS) of $0.11.

N-able (NYSE:NABL - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Friday.

Separately, Scotiabank restated a "sector perform" rating and set a $8.75 price objective (up from $8.30) on shares of N-able in a report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $9.31.

N-able Trading Up 3.0%

NABL traded up $0.25 during mid-day trading on Friday, hitting $8.45. The stock had a trading volume of 802,539 shares, compared to its average volume of 728,749. The stock's fifty day simple moving average is $7.98 and its 200-day simple moving average is $7.71. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 422.71 and a beta of 0.62. N-able has a 1-year low of $6.07 and a 1-year high of $13.12.

N-able (NYSE:NABL - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. The company had revenue of $131.25 million for the quarter, compared to analyst estimates of $125.87 million. N-able had a net margin of 0.59% and a return on equity of 4.13%. The business's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the business posted $0.14 earnings per share. N-able has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts forecast that N-able will post 0.27 EPS for the current fiscal year.

Insider Buying and Selling at N-able

In other N-able news, Director Ann Johnson sold 34,568 shares of N-able stock in a transaction on Monday, August 18th. The shares were sold at an average price of $7.70, for a total value of $266,173.60. Following the sale, the director directly owned 37,424 shares in the company, valued at approximately $288,164.80. The trade was a 48.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael I. Adler sold 31,728 shares of N-able stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $7.72, for a total transaction of $244,940.16. Following the completion of the sale, the executive vice president owned 468,555 shares in the company, valued at $3,617,244.60. The trade was a 6.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NABL. Parallel Advisors LLC grew its position in shares of N-able by 1,030.5% in the 2nd quarter. Parallel Advisors LLC now owns 3,516 shares of the company's stock valued at $28,000 after acquiring an additional 3,205 shares during the period. Tower Research Capital LLC TRC grew its position in shares of N-able by 67.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,251 shares of the company's stock valued at $30,000 after acquiring an additional 1,309 shares during the period. PNC Financial Services Group Inc. grew its position in shares of N-able by 241.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,162 shares of the company's stock valued at $30,000 after acquiring an additional 2,943 shares during the period. EverSource Wealth Advisors LLC grew its position 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 valued at $31,000 after acquiring an additional 3,606 shares during the period. Finally, Signaturefd LLC grew its position in shares of N-able by 1,410.3% in the 2nd quarter. Signaturefd LLC now owns 6,615 shares of the company's stock valued at $54,000 after acquiring an additional 6,177 shares during the period. Institutional investors own 96.35% of the company's stock.

About N-able

N-able, Inc provides cloud-based software solutions for managed service providers in the United States, the United Kingdom, and internationally. The company's solutions enable MSPs to support digital transformation and growth within small and medium-sized enterprises. It provides software platform designed to be an integrated, enterprise-grade solution that serves as an operating system for its MSP partners and scales as their businesses grow.