Impact Partnership Wealth LLC Invests $104,000 in N-able, Inc. (NYSE:NABL)

Impact Partnership Wealth LLC acquired a new position in shares of N-able, Inc. (NYSE:NABL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,148 shares of the company’s stock, valued at approximately $104,000.

Other large investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. grew its holdings in N-able by 22.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 15,176 shares of the company’s stock worth $142,000 after purchasing an additional 2,764 shares during the period. Verition Fund Management LLC acquired a new stake in N-able in the third quarter worth $146,000. Entropy Technologies LP acquired a new stake in N-able in the third quarter worth $149,000. Aigen Investment Management LP grew its holdings in N-able by 38.4% in the third quarter. Aigen Investment Management LP now owns 13,915 shares of the company’s stock worth $182,000 after purchasing an additional 3,863 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in N-able in the third quarter worth $188,000. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Needham & Company LLC restated a “buy” rating and issued a $16.50 price target on shares of N-able in a report on Friday, November 22nd. BMO Capital Markets reduced 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 report on Friday, November 8th. Scotiabank dropped their price objective on shares of N-able from $11.20 to $11.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada dropped their price objective on shares of N-able from $15.00 to $12.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st.

N-able Stock Up 0.4 %

NABL opened at $9.67 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.01 and a quick ratio of 3.01. The company’s 50-day moving average is $9.80 and its 200 day moving average is $11.79. N-able, Inc. has a fifty-two week low of $8.91 and a fifty-two week high of $15.48. The firm has a market capitalization of $1.80 billion, a P/E ratio of 48.33 and a beta of 0.41.

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

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.