14,429 Shares in N-able, Inc. (NYSE:NABL) Purchased by Intech Investment Management LLC

Intech Investment Management LLC purchased a new stake in N-able, Inc. (NYSE:NABL) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 14,429 shares of the company’s stock, valued at approximately $188,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its holdings in shares of N-able by 14.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 40,372 shares of the company’s stock worth $528,000 after purchasing an additional 5,225 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of N-able by 644.2% in the second quarter. GAMMA Investing LLC now owns 3,654 shares of the company’s stock valued at $56,000 after buying an additional 3,163 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of N-able during the 2nd quarter valued at $586,000. Stanley Laman Group Ltd. lifted its position in shares of N-able by 25.7% during the 2nd quarter. Stanley Laman Group Ltd. now owns 212,406 shares of the company’s stock valued at $3,235,000 after acquiring an additional 43,454 shares during the last quarter. Finally, Summit Global Investments bought a new stake in shares of N-able during the 2nd quarter worth $191,000. 96.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NABL shares. BMO Capital Markets cut their target price on 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. Royal Bank of Canada restated an “outperform” rating and set a $15.00 price objective on shares of N-able in a report on Thursday, November 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $16.50 price objective on shares of N-able in a research note on Friday, November 22nd.

N-able Trading Up 0.9 %

NYSE NABL opened at $10.31 on Friday. The firm’s 50 day moving average price is $11.71 and its two-hundred day moving average price is $12.91. 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, Inc. has a twelve month low of $9.98 and a twelve month high of $15.48. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 51.10 and a beta of 0.38.

N-able (NYSE:NABL) last issued its quarterly 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 business 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%. N-able’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 earnings per share. Equities analysts anticipate that N-able, Inc. will post 0.27 EPS for the current year.

About N-able

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.