N-able (NYSE:NABL) Reaches New 52-Week Low - Time to Sell?

N-able, Inc. (NYSE:NABL - Get Free Report)'s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $9.10 and last traded at $9.10, with a volume of 248723 shares trading hands. The stock had previously closed at $9.42.

Analyst Ratings Changes

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

N-able Trading Down 3.4 %

The company has a market cap of $1.69 billion, a P/E ratio of 45.50 and a beta of 0.41. The firm's 50 day moving average is $10.24 and its two-hundred day moving average is $12.20. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.43.

N-able (NYSE:NABL - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.13 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 firm had revenue of $116.40 million for the quarter, compared to analyst estimates of $114.75 million. During the same quarter in the previous year, the company posted $0.03 EPS. The business's revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts anticipate that N-able, Inc. will post 0.27 EPS for the current year.

Hedge Funds Weigh In On N-able

Hedge funds have recently bought and sold shares of the company. Scalar Gauge Management LLC acquired a new stake in N-able during the 2nd quarter worth about $10,650,000. Applied Fundamental Research LLC boosted its position in shares of N-able by 438.6% during the 3rd quarter. Applied Fundamental Research LLC now owns 815,634 shares of the company's stock valued at $10,652,000 after purchasing an additional 664,198 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in N-able by 13.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,114,043 shares of the company's stock worth $47,427,000 after purchasing an additional 371,013 shares in the last quarter. Sea Cliff Partners Management LP increased its holdings in N-able by 11.8% in the second quarter. Sea Cliff Partners Management LP now owns 2,146,965 shares of the company's stock worth $32,698,000 after purchasing an additional 226,532 shares in the last quarter. Finally, 272 Capital LP bought a new position in shares of N-able during the 2nd quarter worth approximately $2,988,000. Institutional investors own 96.35% of the company's stock.

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.