BMO Capital Markets Lowers N-able (NYSE:NABL) Price Target to $13.50

N-able (NYSE:NABL) had its target price trimmed by BMO Capital Markets from $14.00 to $13.50 in a research report sent to investors on Friday, Marketbeat Ratings reports. The brokerage currently has a market perform rating on the stock.

Separately, Needham & Company LLC reiterated a “buy” rating and issued a $16.50 price objective on shares of N-able in a report on Friday, August 9th.

N-able Trading Down 0.7 %

NABL stock opened at $11.15 on Friday. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 55.75 and a beta of 0.47. The company has a quick ratio of 2.97, a current ratio of 3.01 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $12.53 and a 200-day simple moving average of $13.20. N-able has a 52 week low of $11.12 and a 52 week high of $15.48.

N-able (NYSE:NABL) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.13 EPS for the quarter, topping 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 analysts’ expectations of $114.75 million. During the same quarter last year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts expect that N-able will post 0.27 EPS for the current year.

Insider Buying and Selling at N-able

In related news, EVP Peter C. Anastos sold 16,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $13.04, for a total transaction of $208,640.00. Following the sale, the executive vice president now directly owns 322,774 shares in the company, valued at $4,208,972.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.43% of the company’s stock.

Institutional Trading of N-able

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. acquired a new position in shares of N-able in the 1st quarter valued at approximately $986,000. Stanley Laman Group Ltd. lifted its position in shares of N-able by 25.7% during the 2nd quarter. Stanley Laman Group Ltd. now owns 212,406 shares of the company’s stock valued at $3,235,000 after acquiring an additional 43,454 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of N-able during the 1st quarter valued at $848,000. Janus Henderson Group PLC lifted its position in shares of N-able by 1,041.3% during the 1st quarter. Janus Henderson Group PLC now owns 219,311 shares of the company’s stock valued at $2,866,000 after acquiring an additional 200,095 shares during the period. Finally, Applied Fundamental Research LLC acquired a new position in N-able during the second quarter worth $2,306,000. Institutional investors own 96.35% of the company’s stock.

N-able Company 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.