N-able (NYSE:NABL) Given New $15.00 Price Target at BMO Capital Markets

N-able (NYSE:NABL – Get Rating) had its price objective lifted by research analysts at BMO Capital Markets from $13.00 to $15.00 in a report issued on Thursday, The Fly reports. BMO Capital Markets’ price objective points to a potential upside of 9.33% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Needham & Company LLC upped their price objective on N-able from $13.00 to $14.50 and gave the company a “buy” rating in a research report on Friday, February 24th. JPMorgan Chase & Co. cut N-able from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $13.00 to $11.00 in a research report on Tuesday, January 24th.

N-able Stock Up 0.1 %

NABL stock opened at $13.72 on Thursday. N-able has a 1-year low of $8.43 and a 1-year high of $13.95. The business has a fifty day moving average price of $12.75 and a 200-day moving average price of $11.38. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.49 and a quick ratio of 2.49. The stock has a market capitalization of $2.50 billion, a P/E ratio of 171.50 and a beta of 0.48.

N-able (NYSE:NABL – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. N-able had a return on equity of 4.73% and a net margin of 4.49%. The firm had revenue of $95.76 million during the quarter, compared to analysts’ expectations of $93.59 million. Equities analysts forecast that N-able will post 0.18 earnings per share for the current fiscal year.

Insider Buying and Selling at N-able

In other N-able news, CFO Tim James O’brien sold 8,820 shares of the business’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $11.78, for a total transaction of $103,899.60. Following the completion of the sale, the chief financial officer now owns 550,021 shares of the company’s stock, valued at $6,479,247.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other N-able news, VP Frank Colletti sold 26,316 shares of the business’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $11.59, for a total transaction of $305,002.44. Following the completion of the sale, the vice president now owns 385,210 shares of the company’s stock, valued at $4,464,583.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Tim James O’brien sold 8,820 shares of the company’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $11.78, for a total value of $103,899.60. Following the completion of the transaction, the chief financial officer now directly owns 550,021 shares of the company’s stock, valued at approximately $6,479,247.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,922 shares of company stock valued at $667,210. Company insiders own 0.83% of the company’s stock.

Hedge Funds Weigh In On N-able

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in shares of N-able by 123.8% in the first quarter. BlackRock Inc. now owns 10,490,741 shares of the company’s stock worth $138,478,000 after acquiring an additional 5,802,728 shares during the period. ArrowMark Colorado Holdings LLC boosted its stake in shares of N-able by 0.7% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 8,511,801 shares of the company’s stock worth $87,501,000 after acquiring an additional 55,631 shares during the period. Vanguard Group Inc. boosted its stake in shares of N-able by 6.2% in the third quarter. Vanguard Group Inc. now owns 6,474,435 shares of the company’s stock worth $59,760,000 after acquiring an additional 375,635 shares during the period. Sunriver Management LLC boosted its stake in shares of N-able by 30.5% in the third quarter. Sunriver Management LLC now owns 3,701,051 shares of the company’s stock worth $34,161,000 after acquiring an additional 865,425 shares during the period. Finally, AlpInvest Partners B.V. bought a new position in shares of N-able in the fourth quarter worth about $25,492,000. Institutional investors own 97.72% of the company’s stock.

N-able Company Profile

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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.