N-able (NYSE:NABL) Sets New 52-Week Low – Should You Sell?

Shares of N-able, Inc. (NYSE:NABL) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $9.47 and last traded at $9.55, with a volume of 640618 shares changing hands. The stock had previously closed at $9.66.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NABL. Needham & Company LLC restated a “buy” rating and set a $16.50 price objective on shares of N-able in a research note on Friday, November 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $15.00 price target on shares of N-able in a report on Thursday, November 21st. Scotiabank upgraded shares of N-able to a “hold” rating in a research note on Friday, December 6th. Finally, BMO Capital Markets decreased their target price on 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.

N-able Trading Up 1.0 %

The firm’s fifty day moving average price is $10.98 and its 200-day moving average price is $12.60. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 48.25 and a beta of 0.38. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.01 and a quick ratio of 3.01.

N-able (NYSE:NABL) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 8.08% and a return on equity of 6.31%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the business earned $0.03 earnings per share. On average, equities analysts expect that N-able, Inc. will post 0.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. 272 Capital LP lifted its holdings in N-able by 13.0% in the 3rd quarter. 272 Capital LP now owns 221,663 shares of the company’s stock valued at $2,895,000 after acquiring an additional 25,454 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of N-able by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,597,651 shares of the company’s stock worth $20,870,000 after purchasing an additional 15,145 shares in the last quarter. Barclays PLC lifted its stake in 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 purchasing an additional 114,374 shares during the last quarter. State Street Corp boosted its holdings in N-able by 2.4% during the third quarter. State Street Corp now owns 3,164,709 shares of the company’s stock worth $41,331,000 after buying an additional 75,003 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in N-able by 2.7% in the third quarter. Janus Henderson Group PLC now owns 253,481 shares of the company’s stock worth $3,310,000 after buying an additional 6,570 shares during the last quarter. 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.