N-able, Inc. (NYSE:NABL) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its holdings in N-able, Inc. (NYSE:NABL) by 22.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 15,176 shares of the company’s stock after acquiring an additional 2,764 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in N-able were worth $142,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Verition Fund Management LLC acquired a new stake in shares of N-able in the third quarter valued at $146,000. Entropy Technologies LP purchased a new stake in N-able during the 3rd quarter worth about $149,000. Aigen Investment Management LP boosted its stake in shares of N-able by 38.4% in the 3rd quarter. Aigen Investment Management LP now owns 13,915 shares of the company’s stock valued at $182,000 after buying an additional 3,863 shares during the period. Intech Investment Management LLC acquired a new position in shares of N-able during the third quarter worth about $188,000. Finally, Handelsbanken Fonder AB acquired a new position in shares of N-able during the third quarter worth about $221,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

N-able Stock Up 0.9 %

NABL stock opened at $9.16 on Thursday. The company’s 50 day moving average is $10.11 and its two-hundred day moving average is $12.07. N-able, Inc. has a twelve month low of $8.91 and a twelve month high of $15.48. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.43. The stock has a market cap of $1.70 billion, a P/E ratio of 45.80 and a beta of 0.41.

N-able (NYSE:NABL) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. N-able had a return on equity of 6.31% and a net margin of 8.08%. The company had revenue of $116.40 million for the quarter, compared to analyst estimates of $114.75 million. During the same quarter last year, the company posted $0.03 earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. Research analysts expect that N-able, Inc. will post 0.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

NABL has been the subject of a number of recent research reports. BMO Capital Markets decreased their price target on shares of N-able from $14.00 to $13.50 and set a “market perform” rating for the company in a research note on Friday, November 8th. Scotiabank raised shares of N-able to a “hold” rating in a research report on Friday, December 6th. Needham & Company LLC reiterated a “buy” rating and set a $16.50 target price on shares of N-able in a research note on Friday, November 22nd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $15.00 price target on shares of N-able in a research note on Thursday, November 21st.

N-able Profile

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.