N-able (NYSE:NABL) Price Target Lowered to $13.50 at BMO Capital Markets

N-able (NYSE:NABL - Get Free Report) had its price target dropped by research analysts at BMO Capital Markets from $14.00 to $13.50 in a report issued on Friday, MarketBeat.com reports. The firm currently has a "market perform" rating on the stock. BMO Capital Markets' price target points to a potential upside of 20.21% from the company's previous close.

Separately, Needham & Company LLC reiterated a "buy" rating and issued a $16.50 target price on shares of N-able in a report on Friday, August 9th.

N-able Trading Down 6.1 %

Shares of NABL stock traded down $0.73 during mid-day trading on Friday, hitting $11.23. The company's stock had a trading volume of 921,064 shares, compared to its average volume of 527,446. N-able has a 52 week low of $11.16 and a 52 week high of $15.48. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.97 and a current ratio of 2.97. The company's fifty day simple moving average is $12.60 and its 200-day simple moving average is $13.20. The company has a market cap of $2.08 billion, a PE ratio of 70.35 and a beta of 0.47.

N-able (NYSE:NABL - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.04. N-able had a net margin of 7.19% and a return on equity of 5.67%. The company had revenue of $119.40 million for the quarter, compared to analysts' expectations of $116.83 million. During the same quarter in the prior year, the firm earned $0.03 EPS. The business's revenue was up 12.5% on a year-over-year basis. As a group, equities research analysts expect that N-able will post 0.27 earnings per share for the current fiscal year.

Insider Activity at N-able

In related news, Director Ann Johnson sold 21,200 shares of the firm's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $12.79, for a total transaction of $271,148.00. Following the completion of the sale, the director now owns 48,797 shares in the company, valued at approximately $624,113.63. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Peter C. Anastos sold 16,000 shares of the firm's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $13.04, for a total value of $208,640.00. Following the completion of the transaction, the executive vice president now directly owns 322,774 shares of the company's stock, valued at approximately $4,208,972.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann Johnson sold 21,200 shares of the firm's stock in a transaction on Monday, August 12th. The stock was sold at an average price of $12.79, for a total value of $271,148.00. Following the completion of the transaction, the director now directly owns 48,797 shares of the company's stock, valued at $624,113.63. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 199,351 shares of company stock valued at $2,551,240. 1.43% of the stock is owned by insiders.

Hedge Funds Weigh In On N-able

A number of large investors have recently modified their holdings of NABL. Quest Partners LLC increased its holdings in N-able by 91.4% during the 3rd quarter. Quest Partners LLC now owns 67,217 shares of the company's stock worth $878,000 after acquiring an additional 32,094 shares during the period. MQS Management LLC bought a new position in shares of N-able in the third quarter worth $330,000. Victory Capital Management Inc. increased its holdings in shares of N-able by 14.4% in the third quarter. Victory Capital Management Inc. now owns 55,497 shares of the company's stock worth $725,000 after purchasing an additional 7,000 shares during the period. Aigen Investment Management LP raised its position in shares of N-able by 38.4% in the third quarter. Aigen Investment Management LP now owns 13,915 shares of the company's stock worth $182,000 after buying an additional 3,863 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in N-able during the third quarter valued at $149,000. 96.35% of the stock is currently owned by institutional investors.

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.