N-able, Inc. (NYSE:NABL) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in shares of N-able, Inc. (NYSE:NABL) by 5.2% in the third quarter, Holdings Channel.com reports. The fund owned 55,276 shares of the company’s stock after selling 3,009 shares during the quarter. Thrivent Financial for Lutherans’ holdings in N-able were worth $722,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of NABL. Summit Securities Group LLC acquired a new stake in shares of N-able during the second quarter worth $30,000. GAMMA Investing LLC raised its holdings in N-able by 644.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,654 shares of the company’s stock worth $56,000 after buying an additional 3,163 shares during the period. Entropy Technologies LP acquired a new stake in N-able during the 3rd quarter worth about $149,000. Summit Global Investments purchased a new stake in N-able during the second quarter valued at about $191,000. Finally, Aigen Investment Management LP boosted its holdings in shares of N-able by 38.4% in the third quarter. Aigen Investment Management LP now owns 13,915 shares of the company’s stock worth $182,000 after buying an additional 3,863 shares during the period. Institutional investors and hedge funds own 96.35% of the company’s stock.

Analysts Set New Price Targets

NABL has been the subject of several research analyst reports. BMO Capital Markets reduced 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 research report on Friday, November 8th. Needham & Company LLC reissued a “buy” rating and set a $16.50 target price on shares of N-able in a research note on Friday, November 22nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $15.00 target price on shares of N-able in a research report on Thursday, November 21st.

N-able Stock Performance

NABL stock opened at $10.19 on Wednesday. The firm has a 50 day simple moving average of $11.87 and a 200 day simple moving average of $12.97. N-able, Inc. has a 52 week low of $9.98 and a 52 week high of $15.48. The stock has a market cap of $1.89 billion, a P/E ratio of 50.90 and a beta of 0.38. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.01 and a current ratio of 3.01.

N-able (NYSE:NABL) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.13 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $114.75 million. During the same period in the previous year, the company posted $0.03 EPS. N-able’s revenue was up 8.2% on a year-over-year basis. Research analysts anticipate that N-able, Inc. will post 0.27 earnings per share for the current fiscal year.

N-able 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.