N-able (NYSE:NABL) Price Target Cut to $8.75 by Analysts at Scotiabank

N-able (NYSE:NABL) had its price objective lowered by Scotiabank from $11.00 to $8.75 in a research note released on Tuesday morning,Benzinga reports. The firm currently has a sector perform rating on the stock.

Several other research analysts also recently issued reports on the company. Needham & Company LLC cut their price objective on N-able from $16.50 to $10.00 and set a “buy” rating for the company in a research report on Monday. Royal Bank of Canada cut their price objective on N-able from $15.00 to $12.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. Finally, BMO Capital Markets lowered their target price on shares of N-able from $14.00 to $13.50 and set a “market perform” rating for the company in a research note on Friday, November 8th.

N-able Trading Up 0.9 %

Shares of N-able stock opened at $7.47 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 1 year low of $6.75 and a 1 year high of $15.48. The company has a market capitalization of $1.39 billion, a P/E ratio of 37.33 and a beta of 0.41. The business has a 50 day moving average price of $9.48 and a 200 day moving average price of $10.96.

Institutional Trading of N-able

Hedge funds and other institutional investors have recently bought and sold shares of the company. Applied Fundamental Research LLC grew its stake in N-able by 438.6% in the 3rd quarter. Applied Fundamental Research LLC now owns 815,634 shares of the company’s stock worth $10,652,000 after acquiring an additional 664,198 shares during the period. Barclays PLC grew its stake in shares of N-able by 398.2% during the 3rd quarter. Barclays PLC now owns 143,095 shares of the company’s stock valued at $1,869,000 after buying an additional 114,374 shares during the period. Conestoga Capital Advisors LLC purchased a new stake in shares of N-able during the 4th quarter valued at $1,006,000. Algert Global LLC grew its stake in shares of N-able by 73.6% during the 3rd quarter. Algert Global LLC now owns 161,100 shares of the company’s stock valued at $2,104,000 after buying an additional 68,320 shares during the period. Finally, Atom Investors LP grew its stake in shares of 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 buying an additional 58,087 shares during the period. 96.35% of the stock is owned by hedge funds and other 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.