N-able (NYSE:NABL) Sets New 1-Year Low – Time to Sell?

N-able, Inc. (NYSE:NABL)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $9.11 and last traded at $9.14, with a volume of 86857 shares traded. The stock had previously closed at $9.39.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on NABL shares. BMO Capital Markets cut their price target on N-able from $14.00 to $13.50 and set a “market perform” rating for the company in a report on Friday, November 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $15.00 price target on shares of N-able in a research note on Thursday, November 21st. Scotiabank raised shares of N-able to a “hold” rating in a research note on Friday, December 6th. Finally, Needham & Company LLC restated a “buy” rating and set a $16.50 target price on shares of N-able in a research report on Friday, November 22nd.

N-able Stock Down 1.0 %

The company has a market cap of $1.73 billion, a PE ratio of 46.50 and a beta of 0.38. The company has a fifty day moving average of $10.85 and a two-hundred day moving average of $12.52. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.01 and a current ratio of 3.01.

N-able (NYSE:NABL) last announced its earnings results on Thursday, November 7th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.03. N-able had a net margin of 8.08% and a return on equity of 6.31%. The business had revenue of $116.40 million for the quarter, compared to the consensus estimate of $114.75 million. During the same quarter in the prior year, the firm posted $0.03 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, analysts anticipate that N-able, Inc. will post 0.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On N-able

Large investors have recently bought and sold shares of the business. Applied Fundamental Research LLC lifted its position in shares of N-able by 438.6% during the third quarter. Applied Fundamental Research LLC now owns 815,634 shares of the company’s stock worth $10,652,000 after purchasing an additional 664,198 shares during the last quarter. Algert Global LLC boosted its position in N-able by 73.6% in the 3rd quarter. Algert Global LLC now owns 161,100 shares of the company’s stock valued at $2,104,000 after buying an additional 68,320 shares during the period. Edgestream Partners L.P. grew its stake in N-able by 61.4% in the 2nd quarter. Edgestream Partners L.P. now owns 295,145 shares of the company’s stock worth $4,495,000 after acquiring an additional 112,236 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of N-able by 13.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,114,043 shares of the company’s stock worth $47,427,000 after acquiring an additional 371,013 shares during the period. Finally, Barclays PLC raised its stake in shares of N-able by 398.2% during the third quarter. Barclays PLC now owns 143,095 shares of the company’s stock valued at $1,869,000 after acquiring an additional 114,374 shares in the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

About N-able

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.