N-able (NYSE:NABL) Stock Price Down 6.9% – What’s Next?

N-able, Inc. (NYSE:NABLGet Free Report)’s share price dropped 6.9% during mid-day trading on Wednesday . The company traded as low as $4.39 and last traded at $4.3650. 207,758 shares were traded during mid-day trading, a decline of 88% from the average session volume of 1,711,210 shares. The stock had previously closed at $4.69.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NABL. Needham & Company LLC cut their target price 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. Zacks Research cut shares of N-able from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of N-able in a report on Friday. Wall Street Zen raised shares of N-able from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Scotiabank lifted their price objective on shares of N-able from $5.25 to $5.75 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $7.55.

Read Our Latest Stock Report on N-able

N-able Price Performance

The business has a fifty day moving average of $3.75 and a 200-day moving average of $4.82. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.49. The firm has a market cap of $818.50 million, a PE ratio of -86.90 and a beta of 0.53.

N-able (NYSE:NABLGet Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $131.62 million. During the same quarter in the previous year, the firm earned $0.08 EPS. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. As a group, research analysts predict that N-able, Inc. will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On N-able

Several hedge funds have recently bought and sold shares of NABL. Hantz Financial Services Inc. increased its holdings 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. grew its position in shares of N-able by 93.8% during the 4th 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 in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of N-able by 1,970.5% during the 2nd 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 position in shares of N-able in the first quarter worth $48,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of N-able in the fourth quarter worth $85,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.

N-able Company Profile

(Get Free Report)

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.

Further Reading

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