N-able, Inc. (NYSE:NABL) Stock Position Lifted by Geode Capital Management LLC

Geode Capital Management LLC grew its position in N-able, Inc. (NYSE:NABL) by 1.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,597,651 shares of the company’s stock after acquiring an additional 15,145 shares during the quarter. Geode Capital Management LLC’s holdings in N-able were worth $20,870,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in NABL. Applied Fundamental Research LLC lifted its holdings in N-able by 438.6% in the third quarter. Applied Fundamental Research LLC now owns 815,634 shares of the company’s stock worth $10,652,000 after acquiring an additional 664,198 shares during the last quarter. Algert Global LLC raised its position in shares of N-able by 73.6% during the 3rd quarter. Algert Global LLC now owns 161,100 shares of the company’s stock worth $2,104,000 after purchasing an additional 68,320 shares during the period. Edgestream Partners L.P. raised its position in shares of N-able by 61.4% during the 2nd quarter. Edgestream Partners L.P. now owns 295,145 shares of the company’s stock worth $4,495,000 after purchasing an additional 112,236 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of N-able by 13.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,114,043 shares of the company’s stock worth $47,427,000 after purchasing an additional 371,013 shares during the last quarter. Finally, Atom Investors LP boosted its position in N-able by 59.2% during the 3rd quarter. Atom Investors LP now owns 156,126 shares of the company’s stock valued at $2,039,000 after purchasing an additional 58,087 shares during the period. 96.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NABL has been the topic of several analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $15.00 target price on shares of N-able in a research report on Thursday, November 21st. Scotiabank raised shares of N-able to a “hold” rating in a report on Friday, December 6th. BMO Capital Markets reduced their target price 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. Finally, Needham & Company LLC restated a “buy” rating and issued a $16.50 target price on shares of N-able in a research report on Friday, November 22nd.

N-able Trading Down 2.2 %

Shares of NABL stock opened at $9.39 on Friday. N-able, Inc. has a 1 year low of $9.32 and a 1 year high of $15.48. The firm has a market capitalization of $1.74 billion, a PE ratio of 46.95 and a beta of 0.38. The stock has a fifty day moving average of $10.85 and a two-hundred day moving average of $12.53. 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 posted its quarterly earnings data on Thursday, November 7th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. The business had revenue of $116.40 million during the quarter, compared to the consensus estimate of $114.75 million. N-able had a net margin of 8.08% and a return on equity of 6.31%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.03 earnings per share. As a group, research analysts expect that N-able, Inc. will post 0.27 EPS for the current year.

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.