Analysts Set N-able, Inc. (NYSE:NABL) PT at $9.31

Shares of N-able, Inc. (NYSE:NABL) have been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $9.3125.

Several research analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 target price on shares of N-able in a research report on Monday, May 5th. Scotiabank upped their target price on N-able from $8.30 to $8.75 and gave the stock a “sector perform” rating in a research report on Friday. Finally, Wall Street Zen raised N-able from a “hold” rating to a “buy” rating in a research report on Saturday.

N-able Stock Performance

Shares of NABL stock opened at $7.24 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.24 and a quick ratio of 1.24. N-able has a fifty-two week low of $6.07 and a fifty-two week high of $13.15. The stock’s 50-day moving average is $8.01 and its two-hundred day moving average is $8.00. The firm has a market cap of $1.35 billion, a P/E ratio of 361.93 and a beta of 0.62.

N-able (NYSE:NABL) last issued 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. N-able had a return on equity of 4.13% and a net margin of 0.59%. The company had revenue of $131.25 million for the quarter, compared to analyst estimates of $125.87 million. During the same period in the prior year, the firm posted $0.14 EPS. The business’s revenue was up 9.9% compared to the same quarter last year. Analysts predict that N-able will post 0.27 earnings per share for the current fiscal year.

Institutional Trading of N-able

Several large investors have recently made changes to their positions in NABL. Penserra Capital Management LLC bought a new stake in shares of N-able during the 2nd quarter worth about $9,332,000. Sunriver Management LLC boosted its stake in shares of N-able by 28.6% during the 1st quarter. Sunriver Management LLC now owns 4,580,663 shares of the company’s stock worth $32,477,000 after acquiring an additional 1,018,361 shares in the last quarter. Trigran Investments Inc. bought a new stake in shares of N-able during the 1st quarter worth about $4,963,000. Invenomic Capital Management LP bought a new stake in shares of N-able during the 1st quarter worth about $4,192,000. Finally, Edgestream Partners L.P. boosted its stake in shares of N-able by 89.7% during the 1st quarter. Edgestream Partners L.P. now owns 790,993 shares of the company’s stock worth $5,608,000 after acquiring an additional 373,989 shares in the last quarter. 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.