Atom Investors LP Grows Holdings in N-able, Inc. (NYSE:NABL)

Atom Investors LP lifted its holdings in N-able, Inc. (NYSE:NABL - Free Report) by 59.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 156,126 shares of the company's stock after purchasing an additional 58,087 shares during the period. Atom Investors LP owned about 0.08% of N-able worth $2,039,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Summit Securities Group LLC purchased a new position in N-able in the second quarter valued at about $30,000. GAMMA Investing LLC grew its position in shares of N-able by 644.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,654 shares of the company's stock worth $56,000 after buying an additional 3,163 shares during the last quarter. Verition Fund Management LLC bought a new position in shares of N-able during the 3rd quarter worth approximately $146,000. Entropy Technologies LP acquired a new stake in N-able in the third quarter valued at approximately $149,000. Finally, Aigen Investment Management LP boosted its position in shares of N-able by 38.4% in the 3rd quarter. Aigen Investment Management LP now owns 13,915 shares of the company's stock worth $182,000 after purchasing an additional 3,863 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on NABL shares. BMO Capital Markets decreased their price target on N-able from $14.00 to $13.50 and set a "market perform" rating for the company in a research note on Friday, November 8th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $15.00 price objective on shares of N-able in a research report on Thursday, November 21st. Finally, Needham & Company LLC reissued a "buy" rating and set a $16.50 target price on shares of N-able in a research report on Friday, November 22nd.

N-able Stock Performance

N-able stock traded down $0.36 during trading hours on Tuesday, hitting $10.21. 106,094 shares of the stock traded hands, compared to its average volume of 525,285. N-able, Inc. has a 1 year low of $9.98 and a 1 year high of $15.48. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 52.85 and a beta of 0.38. 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 firm's 50 day moving average price is $11.92 and its 200-day moving average price is $12.99.

N-able (NYSE:NABL - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. N-able had a net margin of 8.08% and a return on equity of 6.31%. 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 prior year, the company earned $0.03 EPS. N-able's quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities analysts expect that N-able, Inc. will post 0.27 EPS for the current fiscal year.

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.