Conestoga Capital Advisors LLC Makes New $1.01 Million Investment in N-able, Inc. (NYSE:NABL)

Conestoga Capital Advisors LLC bought a new stake in N-able, Inc. (NYSE:NABL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 107,660 shares of the company's stock, valued at approximately $1,006,000. Conestoga Capital Advisors LLC owned approximately 0.06% of N-able at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Applied Fundamental Research LLC increased its position in shares of N-able by 438.6% during the third quarter. Applied Fundamental Research LLC now owns 815,634 shares of the company's stock worth $10,652,000 after acquiring an additional 664,198 shares in the last quarter. Scalar Gauge Management LLC boosted its stake in N-able by 40.0% during the 3rd quarter. Scalar Gauge Management LLC now owns 978,663 shares of the company's stock valued at $12,781,000 after purchasing an additional 279,387 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in N-able by 110.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 275,906 shares of the company's stock worth $3,603,000 after purchasing an additional 145,053 shares in the last quarter. Barclays PLC raised its stake in shares of N-able by 398.2% in the third quarter. Barclays PLC now owns 143,095 shares of the company's stock worth $1,869,000 after purchasing an additional 114,374 shares during the last quarter. Finally, Stanley Laman Group Ltd. lifted its holdings in shares of N-able by 52.9% in the third quarter. Stanley Laman Group Ltd. now owns 324,864 shares of the company's stock valued at $4,243,000 after purchasing an additional 112,458 shares in the last quarter. 96.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. BMO Capital Markets lowered their price target on N-able from $14.00 to $13.50 and set a "market perform" rating for the company in a research report on Friday, November 8th. Needham & Company LLC reissued a "buy" rating and set a $16.50 price target on shares of N-able in a research report on Friday, November 22nd. Scotiabank reduced their price objective on shares of N-able from $11.20 to $11.00 and set a "sector perform" rating for the company in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada dropped their target price on shares of N-able from $15.00 to $12.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 21st.

N-able Stock Performance

Shares of NYSE:NABL traded down $0.12 during midday trading on Thursday, reaching $9.76. The company had a trading volume of 491,454 shares, compared to its average volume of 778,735. N-able, Inc. has a 52-week low of $8.91 and a 52-week high of $15.48. The company's 50 day moving average price is $9.71 and its 200 day moving average price is $11.51. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.43. The stock has a market cap of $1.81 billion, a P/E ratio of 48.78 and a beta of 0.42.

N-able (NYSE:NABL - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.03. N-able had a net margin of 8.08% and a return on equity of 6.31%. The firm had revenue of $116.40 million during the quarter, compared to the consensus estimate of $114.75 million. During the same period in the prior year, the firm earned $0.03 EPS. The company's revenue was up 8.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that N-able, Inc. will post 0.27 EPS for the current fiscal year.

N-able 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.