Needham & Company LLC Lowers N-able (NYSE:NABL) Price Target to $10.00

N-able (NYSE:NABL - Free Report) had its target price cut by Needham & Company LLC from $16.50 to $10.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also commented on the stock. Royal Bank of Canada lowered their price target on shares of N-able from $15.00 to $12.00 and set an "outperform" rating for the company in a report on Tuesday, January 21st. Scotiabank lowered their price target on shares of N-able from $11.20 to $11.00 and set a "sector perform" rating for the company in a report on Tuesday, January 21st. Finally, 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.

N-able Trading Down 28.2 %

Shares of NABL traded down $2.83 during mid-day trading on Monday, reaching $7.20. The company's stock had a trading volume of 4,263,941 shares, compared to its average volume of 838,831. The stock has a market cap of $1.34 billion, a PE ratio of 36.00 and a beta of 0.42. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.43. N-able has a 52 week low of $7.07 and a 52 week high of $15.48. The company's fifty day moving average price is $9.62 and its two-hundred day moving average price is $11.05.

N-able (NYSE:NABL - Get Free Report) last announced its quarterly earnings data on Monday, March 3rd. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.03). N-able had a return on equity of 6.31% and a net margin of 8.08%. On average, analysts predict that N-able will post 0.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its holdings in N-able by 95.5% in the 4th quarter. Blue Trust Inc. now owns 3,128 shares of the company's stock worth $29,000 after purchasing an additional 1,528 shares in the last quarter. Aquatic Capital Management LLC bought a new position in N-able in the 4th quarter worth $29,000. Tower Research Capital LLC TRC raised its holdings in N-able by 67.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,251 shares of the company's stock worth $30,000 after purchasing an additional 1,309 shares in the last quarter. KBC Group NV raised its holdings in N-able by 104.7% in the 4th quarter. KBC Group NV now owns 5,490 shares of the company's stock worth $51,000 after purchasing an additional 2,808 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in N-able in the 4th quarter worth $83,000. 96.35% of the stock is currently owned by institutional investors.

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.