N-able, Inc. (NYSE:NABL – Get Free Report)’s stock price hit a new 52-week low on Thursday . The stock traded as low as $2.92 and last traded at $2.9670, with a volume of 151779 shares trading hands. The stock had previously closed at $3.05.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on NABL shares. 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 report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of N-able in a report on Tuesday, April 21st. Wall Street Zen raised shares of N-able from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. William Blair reaffirmed an “underperform” rating on shares of N-able in a report on Monday, March 23rd. Finally, BMO Capital Markets lowered their target price on shares of N-able from $9.50 to $5.50 and set a “market perform” rating on the stock in a report on Friday, February 20th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, N-able has a consensus rating of “Hold” and an average price target of $7.55.
Read Our Latest Stock Report on N-able
N-able Trading Down 1.5%
N-able (NYSE:NABL – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. The firm had revenue of $133.68 million for the quarter, compared to the consensus estimate of $131.62 million. N-able had a negative net margin of 1.99% and a positive return on equity of 3.40%. The firm’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.08 earnings per share. As a group, analysts predict that N-able, Inc. will post 0.22 earnings per share for the current year.
Institutional Trading of N-able
A number of institutional investors have recently added to or reduced their stakes in NABL. Hantz Financial Services Inc. boosted its holdings in N-able by 179.8% during the fourth quarter. Hantz Financial Services Inc. now owns 3,277 shares of the company’s stock worth $25,000 after buying an additional 2,106 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in N-able by 93.8% during 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 in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of N-able by 1,970.5% in the second 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 in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of N-able in the first quarter valued at about $48,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of N-able in the fourth quarter valued at about $85,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.
About N-able
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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