N-able (NYSE:NABL – Get Free Report) released its quarterly earnings results on Monday. The company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10, FiscalAI reports. N-able had a negative net margin of 1.99% and a positive return on equity of 3.40%. The business had revenue of $138.22 million for the quarter, compared to analysts’ expectations of $138.08 million.
N-able Stock Down 0.0%
Shares of NABL opened at $4.99 on Monday. The firm has a market cap of $939.64 million, a P/E ratio of -99.76 and a beta of 0.50. The stock has a 50 day simple moving average of $4.02 and a two-hundred day simple moving average of $4.59. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.26 and a quick ratio of 1.26. N-able has a 1 year low of $2.92 and a 1 year high of $8.73.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. Zacks Research lowered N-able from a “hold” rating to a “strong sell” rating in a report on Thursday, July 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of N-able in a research report on Friday, July 17th. Wall Street Zen raised shares of N-able from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Scotiabank boosted their price objective on N-able from $5.25 to $5.75 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Finally, Needham & Company LLC lowered their target price on shares of N-able from $8.00 to $6.50 and set a “buy” rating on the stock in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.55.
Hedge Funds Weigh In On N-able
A number of large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased 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 worth $31,000 after purchasing an additional 3,606 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of N-able by 93.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock worth $30,000 after buying an additional 1,924 shares during the period. Brevan Howard Capital Management LP bought a new position in shares of N-able during the second quarter valued at about $90,000. iSAM Funds UK Ltd bought a new position in shares of N-able during the second quarter valued at about $93,000. Finally, Royal Bank of Canada boosted its holdings in shares of N-able by 70.8% during the fourth quarter. Royal Bank of Canada now owns 11,772 shares of the company’s stock worth $87,000 after purchasing an additional 4,881 shares during the period. 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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