N-able (NYSE:NABL) Hits New 12-Month Low – Time to Sell?

N-able, Inc. (NYSE:NABL)’s share price hit a new 52-week low on Friday . The stock traded as low as $9.10 and last traded at $9.10, with a volume of 248723 shares. The stock had previously closed at $9.42.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. 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. BMO Capital Markets cut 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. Scotiabank raised shares of N-able to a “hold” rating in a research report on Friday, December 6th. Finally, Needham & Company LLC restated a “buy” rating and set a $16.50 price objective on shares of N-able in a research report on Friday, November 22nd.

N-able Stock Performance

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 has a market cap of $1.69 billion, a price-to-earnings ratio of 45.55 and a beta of 0.41. The firm has a 50 day simple moving average of $10.30 and a 200-day simple moving average of $12.24.

N-able (NYSE:NABL) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. The firm 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%. N-able’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.03 EPS. As a group, analysts predict that N-able, Inc. will post 0.27 EPS for the current fiscal year.

Institutional Trading of N-able

Several institutional investors have recently added to or reduced their stakes in the stock. Applied Fundamental Research LLC grew its holdings in shares of N-able by 438.6% in the third quarter. Applied Fundamental Research LLC now owns 815,634 shares of the company’s stock valued at $10,652,000 after purchasing an additional 664,198 shares in the last quarter. Barclays PLC increased its position in shares of N-able by 398.2% during the third quarter. Barclays PLC now owns 143,095 shares of the company’s stock worth $1,869,000 after acquiring an additional 114,374 shares during the period. Algert Global LLC boosted its holdings in N-able by 73.6% in the third quarter. Algert Global LLC now owns 161,100 shares of the company’s stock valued at $2,104,000 after purchasing an additional 68,320 shares during the period. Edgestream Partners L.P. increased its holdings in 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. Finally, Dimensional Fund Advisors LP increased its stake 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 during the period. Institutional investors and hedge funds own 96.35% of the company’s stock.

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.