N-able (NYSE:NABL) Hits New 12-Month Low - Time to Sell?

N-able, Inc. (NYSE:NABL - Get Free Report) shares reached a new 52-week low on Monday . The stock traded as low as $9.11 and last traded at $9.14, with a volume of 86857 shares traded. The stock had previously closed at $9.39.

Wall Street Analyst Weigh In

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

N-able Stock Down 0.3 %

The firm has a 50-day moving average of $10.85 and a two-hundred day moving average of $12.52. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 46.80 and a beta of 0.38. 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 issued 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. The company had revenue of $116.40 million for the quarter, compared to the consensus estimate of $114.75 million. N-able had a return on equity of 6.31% and a net margin of 8.08%. The firm's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 EPS. As a group, sell-side analysts anticipate that N-able, Inc. will post 0.27 earnings per share for the current year.

Institutional Investors Weigh In On N-able

A number of institutional investors have recently modified their holdings of NABL. Verition Fund Management LLC purchased a new stake in shares of N-able during the third quarter worth $146,000. Entropy Technologies LP acquired a new position in N-able in the 3rd quarter worth about $149,000. Aigen Investment Management LP raised its stake in shares of N-able by 38.4% during 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. Intech Investment Management LLC acquired a new stake in shares of N-able during the 3rd quarter valued at about $188,000. Finally, Handelsbanken Fonder AB acquired a new stake in shares of N-able during the 3rd quarter valued at about $221,000. Institutional investors and hedge funds 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.