N-able (NYSE:NABL) Hits New 1-Year Low - Time to Sell?

N-able, Inc. (NYSE:NABL - Get Free Report) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $9.47 and last traded at $9.55, with a volume of 640618 shares trading hands. The stock had previously closed at $9.66.

Analyst Ratings Changes

A number of brokerages recently weighed in on NABL. BMO Capital Markets reduced their target price on shares of 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 reissued an "outperform" rating and set a $15.00 price target on shares of N-able in a research report on Thursday, November 21st. Scotiabank upgraded N-able to a "hold" rating in a research note on Friday, December 6th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $16.50 price target on shares of N-able in a report on Friday, November 22nd.

N-able Price Performance

The business's fifty day moving average price is $11.09 and its 200 day moving average price is $12.65. The stock has a market cap of $1.79 billion, a P/E ratio of 48.25 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.

N-able (NYSE:NABL - Get Free Report) last issued its quarterly earnings data 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 net margin of 8.08% and a return on equity of 6.31%. The business had revenue of $116.40 million during the quarter, compared to analyst estimates of $114.75 million. During the same quarter last year, the business earned $0.03 EPS. The firm's quarterly revenue was up 8.2% on a year-over-year basis. Sell-side analysts forecast that N-able, Inc. will post 0.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NABL. 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 worth $10,652,000 after purchasing an additional 664,198 shares in the last quarter. Edgestream Partners L.P. grew its holdings in shares of N-able by 61.4% in the second quarter. Edgestream Partners L.P. now owns 295,145 shares of the company's stock valued at $4,495,000 after acquiring an additional 112,236 shares in the last quarter. Algert Global LLC raised its stake in shares of N-able by 73.6% during the 3rd quarter. Algert Global LLC now owns 161,100 shares of the company's stock worth $2,104,000 after purchasing an additional 68,320 shares during the period. Dimensional Fund Advisors LP grew its position in shares of N-able by 13.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,114,043 shares of the company's stock valued at $47,427,000 after acquiring an additional 371,013 shares during the period. Finally, Atom Investors LP grew its holdings in N-able by 59.2% during the third quarter. Atom Investors LP now owns 156,126 shares of the company's stock valued at $2,039,000 after purchasing an additional 58,087 shares during the period. Institutional investors own 96.35% of the company's stock.

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.