Needham & Company LLC reaffirmed their buy rating on shares of N-able (NYSE:NABL – Free Report) in a report published on Friday,Benzinga reports. They currently have a $10.00 price target on the stock.
Several other equities research analysts have also issued reports on NABL. BMO Capital Markets reaffirmed a “market perform” rating and set a $8.50 price target (down from $13.50) on shares of N-able in a report on Tuesday, March 4th. Scotiabank decreased their target price on shares of N-able from $11.00 to $8.75 and set a “sector perform” rating on the stock in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada dropped their price target on N-able from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, N-able presently has an average rating of “Moderate Buy” and a consensus target price of $9.38.
View Our Latest Stock Analysis on N-able
N-able Stock Performance
N-able declared that its Board of Directors has initiated a stock buyback plan on Wednesday, March 12th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to purchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.
Hedge Funds Weigh In On N-able
Large investors have recently modified their holdings of the business. Blue Trust Inc. increased its holdings in N-able by 95.5% in the fourth quarter. Blue Trust Inc. now owns 3,128 shares of the company’s stock valued at $29,000 after purchasing an additional 1,528 shares during the period. Aquatic Capital Management LLC acquired a new stake in shares of N-able in the fourth quarter valued at about $29,000. Tower Research Capital LLC TRC raised its position in shares of N-able by 67.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,251 shares of the company’s stock worth $30,000 after acquiring an additional 1,309 shares during the last quarter. KBC Group NV lifted its stake in shares of N-able by 104.7% in the fourth quarter. KBC Group NV now owns 5,490 shares of the company’s stock worth $51,000 after acquiring an additional 2,808 shares during the period. Finally, New Age Alpha Advisors LLC bought a new stake in N-able in the fourth quarter valued at approximately $83,000. 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.
See Also
- Five stocks we like better than N-able
- Investing in Construction Stocks
- How to Build the Ultimate Everything ETF Portfolio
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- Dutch Bros or Starbucks: Which Coffee Stock Has More Growth?
- Do ETFs Pay Dividends? What You Need to Know
- 3 Stocks With High ROE and Market-Beating Growth Potential
Receive News & Ratings for N-able Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for N-able and related companies with MarketBeat.com's FREE daily email newsletter.