Zacks Research downgraded shares of N-able (NYSE:NABL – Free Report) from a hold rating to a strong sell rating in a research report sent to investors on Thursday morning,Zacks.com reports.
A number of other research firms have also recently issued reports on NABL. Wall Street Zen upgraded N-able from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. William Blair reissued an “underperform” rating on shares of N-able in a report on Monday, March 23rd. Needham & Company LLC lowered their price target on shares of N-able from $8.00 to $6.50 and set a “buy” rating for the company in a research report on Friday, May 8th. Scotiabank increased their price objective on shares of N-able from $5.25 to $5.75 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of N-able in a research report on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, N-able presently has an average rating of “Hold” and a consensus target price of $7.55.
Check Out Our Latest Report on N-able
N-able Stock Up 2.3%
N-able (NYSE:NABL – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. N-able had a positive return on equity of 3.40% and a negative net margin of 1.99%.The business had revenue of $133.68 million for the quarter, compared to the consensus estimate of $131.62 million. During the same quarter last year, the business posted $0.08 EPS. The business’s revenue was up 13.1% on a year-over-year basis. Equities research analysts forecast that N-able will post 0.22 earnings per share for the current year.
Institutional Trading of N-able
Several hedge funds have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. boosted its position in 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 acquiring an additional 2,106 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of N-able by 93.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,976 shares of the company’s stock valued at $30,000 after purchasing an additional 1,924 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of N-able by 1,970.5% during 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 bought a new stake in shares of N-able during the first quarter valued at about $48,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in N-able in the fourth quarter worth about $85,000. 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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