JPMorgan Chase & Co. Boosts Stock Holdings in N-able, Inc. (NYSE:NABL)

JPMorgan Chase & Co. boosted its stake in shares of N-able, Inc. (NYSE:NABL - Free Report) by 110.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 275,906 shares of the company's stock after purchasing an additional 145,053 shares during the period. JPMorgan Chase & Co. owned 0.15% of N-able worth $3,603,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Verition Fund Management LLC bought a new stake in shares of N-able during the 3rd quarter worth approximately $146,000. Entropy Technologies LP bought a new stake in N-able during the third quarter worth $149,000. Aigen Investment Management LP lifted its stake in N-able by 38.4% in the third quarter. Aigen Investment Management LP now owns 13,915 shares of the company's stock valued at $182,000 after acquiring an additional 3,863 shares during the last quarter. Intech Investment Management LLC acquired a new stake in N-able in the third quarter valued at $188,000. Finally, Handelsbanken Fonder AB acquired a new position in N-able during the third quarter worth approximately $221,000. 96.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NABL has been the subject of a number of research reports. Needham & Company LLC restated a "buy" rating and set a $16.50 target price on shares of N-able in a research note on Friday, November 22nd. Scotiabank raised shares of N-able to a "hold" rating in a research note on Friday, December 6th. BMO Capital Markets lowered their price target on shares of N-able from $14.00 to $13.50 and set a "market perform" rating for the company in a report on Friday, November 8th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $15.00 price target on shares of N-able in a research note on Thursday, November 21st.

N-able Price Performance

NYSE NABL traded down $0.03 during trading hours on Friday, reaching $9.24. 1,866,134 shares of the stock traded hands, compared to its average volume of 557,826. The stock has a 50 day simple moving average of $9.94 and a two-hundred day simple moving average of $11.97. N-able, Inc. has a 1 year low of $8.91 and a 1 year high of $15.48. 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 $1.72 billion, a price-to-earnings ratio of 46.18 and a beta of 0.41.

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

N-able Company 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.