N-able (NYSE:NABL) Stock Rating Upgraded by 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 research 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 reissued a "sector perform" rating and set a $8.75 price target (up previously from $8.30) on shares of N-able in a research report on Friday, August 8th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, N-able currently has a consensus rating of "Moderate Buy" and an average target price of $9.31.

N-able Price Performance

NABL stock traded down $0.27 on Friday, reaching $8.10. The company had a trading volume of 356,384 shares, compared to its average volume of 1,045,118. The company's fifty day moving average is $7.97 and its 200 day moving average is $7.71. The company has a market cap of $1.51 billion, a P/E ratio of 405.95 and a beta of 0.62. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.24 and a current ratio of 1.24. 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 issued its quarterly earnings data on Thursday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. N-able had a return on equity of 4.13% and a net margin of 0.59%.The business had revenue of $131.25 million for the quarter, compared to the consensus estimate of $125.87 million. During the same period in the prior year, the business earned $0.14 earnings per share. The business's revenue was up 9.9% on a year-over-year basis. N-able has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts forecast that N-able will post 0.27 earnings per share for the current year.

Insider Activity

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

Institutional Trading of N-able

A number of hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its position in N-able by 67.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,251 shares of the company's stock worth $30,000 after purchasing an additional 1,309 shares during the period. Parallel Advisors LLC boosted its stake in 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 purchasing an additional 3,205 shares during the period. EverSource Wealth Advisors LLC boosted its stake in 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 purchasing an additional 3,606 shares during the period. PNC Financial Services Group Inc. grew its holdings in 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 buying an additional 2,943 shares in the last quarter. Finally, Signaturefd LLC increased its position in N-able by 1,410.3% during the 2nd quarter. Signaturefd LLC now owns 6,615 shares of the company's stock worth $54,000 after buying an additional 6,177 shares during the period. 96.35% of the stock is owned by institutional investors and hedge funds.

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.