N-able, Inc. (NYSE:NABL) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its stake in N-able, Inc. (NYSE:NABL) by 4.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 141,622 shares of the company’s stock after buying an additional 5,823 shares during the quarter. Exchange Traded Concepts LLC’s holdings in N-able were worth $1,323,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Applied Fundamental Research LLC boosted its stake 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 valued at $10,652,000 after acquiring an additional 664,198 shares during the last quarter. Barclays PLC lifted its holdings in N-able by 398.2% in the 3rd quarter. Barclays PLC now owns 143,095 shares of the company’s stock valued at $1,869,000 after purchasing an additional 114,374 shares in the last quarter. Algert Global LLC boosted its stake 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 last quarter. Dimensional Fund Advisors LP grew its holdings 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 buying an additional 371,013 shares in the last quarter. Finally, Atom Investors LP raised its position in shares of N-able by 59.2% in the third quarter. Atom Investors LP now owns 156,126 shares of the company’s stock valued at $2,039,000 after buying an additional 58,087 shares during the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

N-able Trading Down 0.5 %

Shares of NABL opened at $9.60 on Tuesday. N-able, Inc. has a twelve month low of $8.91 and a twelve month high of $15.48. The firm has a market capitalization of $1.78 billion, a P/E ratio of 48.01 and a beta of 0.41. 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’s fifty day simple moving average is $9.79 and its 200 day simple moving average is $11.73.

N-able (NYSE:NABL) last released its quarterly earnings data 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. The business had revenue of $116.40 million for the quarter, compared to analyst estimates of $114.75 million. N-able had a return on equity of 6.31% and a net margin of 8.08%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.03 EPS. On average, equities research analysts forecast that N-able, Inc. will post 0.27 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on NABL. BMO Capital Markets lowered 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. Royal Bank of Canada dropped their target price on N-able from $15.00 to $12.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. Needham & Company LLC reissued a “buy” rating and issued a $16.50 price target on shares of N-able in a research note on Friday, November 22nd. Finally, Scotiabank dropped their price objective on shares of N-able from $11.20 to $11.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 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.