N-able (NYSE:NABL) Shares Gap Up - Should You Buy?

Key Points

• N-able shares jumped from a $3.95 close to open at $4.25 and last traded at $4.47, with about 615,000 shares changing hands.
• Analysts have generally turned cautious, cutting price targets and issuing a consensus “Hold” rating; the average target is $5.08, with two Buy, four Hold, and two Sell ratings.
• The company’s latest quarter met EPS expectations at $0.10 and delivered $138.22 million in revenue, up 5.3% year over year, although N-able reported a slightly negative net margin.

N-able, Inc. (NYSE:NABL - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $3.95, but opened at $4.25. N-able shares last traded at $4.47, with a volume of 615,061 shares changing hands.

Analyst Ratings Changes

A number of research analysts have issued reports on NABL shares. BMO Capital Markets decreased their price target on shares of N-able from $6.00 to $3.75 and set a "market perform" rating for the company in a report on Tuesday, August 11th. Royal Bank Of Canada lowered shares of N-able from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from $6.00 to $4.00 in a report on Tuesday, August 11th. Weiss Ratings reissued a "sell (d)" rating on shares of N-able in a research report on Friday, July 17th. Scotiabank reduced their target price on N-able from $5.75 to $3.65 and set a "sector perform" rating for the company in a research note on Tuesday, August 11th. Finally, Needham & Company LLC lowered their price target on N-able from $6.50 to $4.00 and set a "buy" rating for the company in a research report on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $5.08.

N-able Price Performance

The stock has a market cap of $810.42 million, a price-to-earnings ratio of -214.50 and a beta of 0.50. The stock's 50 day moving average price is $4.03 and its two-hundred day moving average price is $4.33. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.48.

N-able (NYSE:NABL - Get Free Report) last released 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 negative net margin of 0.88% and a positive return on equity of 3.55%. The company had revenue of $138.22 million for the quarter, compared to analyst estimates of $138.08 million. During the same quarter last year, the business earned $0.11 earnings per share. The firm's revenue was up 5.3% on a year-over-year basis. Equities research analysts forecast that N-able, Inc. will post 0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On N-able

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. increased its position 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 purchasing an additional 2,106 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in N-able by 93.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company's stock valued at $30,000 after buying an additional 1,924 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in N-able by 1,970.5% during the second quarter. EverSource Wealth Advisors LLC now owns 3,789 shares of the company's stock worth $31,000 after buying an additional 3,606 shares during the period. Sequoia Financial Advisors LLC purchased a new position in N-able during the first quarter worth about $48,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of N-able during the fourth quarter valued at about $85,000. 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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