Shares of N-able, Inc. (NYSE:NABL – Get Rating) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $15.63.
Separately, JPMorgan Chase & Co. dropped their price target on shares of N-able from $15.00 to $13.00 in a research note on Thursday, June 16th.
NYSE:NABL opened at $10.32 on Thursday. The firm’s 50-day moving average price is $9.96 and its 200-day moving average price is $10.42. The company has a market capitalization of $1.86 billion and a PE ratio of 206.44. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.26 and a quick ratio of 2.26. N-able has a 1-year low of $8.12 and a 1-year high of $16.00.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in N-able by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 5,722,006 shares of the company’s stock valued at $52,070,000 after acquiring an additional 243,125 shares during the period. ArrowMark Colorado Holdings LLC bought a new position in N-able during the 3rd quarter valued at about $68,022,000. ETF Managers Group LLC lifted its stake in N-able by 14.7% during the 4th quarter. ETF Managers Group LLC now owns 4,127,653 shares of the company’s stock valued at $46,230,000 after acquiring an additional 529,742 shares during the period. Lazard Asset Management LLC lifted its stake in N-able by 22.6% during the 4th quarter. Lazard Asset Management LLC now owns 3,089,780 shares of the company’s stock valued at $34,296,000 after acquiring an additional 570,567 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in N-able by 76.0% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,744,052 shares of the company’s stock valued at $30,459,000 after acquiring an additional 1,185,248 shares during the period.
N-able Company Profile (Get Rating)
N-able, Inc provides cloud-based software solutions for managed service providers (MSPs) 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. Its software platform is designed to be an enterprise-grade solution that serves as an operating system for its MSP partners and scales as their businesses grow.
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