Scotiabank Cuts N-able (NYSE:NABL) Price Target to $11.00

N-able (NYSE:NABL) had its price target reduced by Scotiabank from $11.20 to $11.00 in a research report report published on Tuesday,Benzinga reports. They currently have a sector perform rating on the stock.

NABL has been the subject of several other reports. Royal Bank of Canada dropped their target price on shares of N-able from $15.00 to $12.00 and set an “outperform” rating for the company in a research report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and set a $16.50 price objective on shares of N-able in a research report on Friday, November 22nd. Finally, BMO Capital Markets lowered their price objective on shares of 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 Up 0.8 %

NABL opened at $9.62 on Tuesday. 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 has a fifty-two week low of $8.91 and a fifty-two week high of $15.48. The firm has a 50 day simple moving average of $9.82 and a 200 day simple moving average of $11.84. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 48.08 and a beta of 0.41.

N-able (NYSE:NABL) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $116.40 million during 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 business’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 EPS. On average, sell-side analysts anticipate that N-able will post 0.27 earnings per share for the current year.

Hedge Funds Weigh In On N-able

Hedge funds have recently bought and sold shares of the stock. Applied Fundamental Research LLC boosted its stake 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 buying an additional 664,198 shares during the last quarter. Barclays PLC boosted its holdings in shares of N-able by 398.2% during the 3rd quarter. Barclays PLC now owns 143,095 shares of the company’s stock worth $1,869,000 after buying an additional 114,374 shares during the period. Algert Global LLC lifted its holdings in shares of N-able by 73.6% during the third quarter. Algert Global LLC now owns 161,100 shares of the company’s stock worth $2,104,000 after buying an additional 68,320 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of N-able by 13.5% in the 2nd 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 during the period. Finally, Atom Investors LP boosted its stake in N-able by 59.2% during the 3rd 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 last quarter. Hedge funds and other 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.