N-able (NYSE:NABL) Price Target Cut to $10.00 by Analysts at Royal Bank of Canada

N-able (NYSE:NABL) had its target price reduced by Royal Bank of Canada from $12.00 to $10.00 in a report released on Tuesday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

A number of other research firms also recently commented on NABL. BMO Capital Markets dropped their price target on shares of 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. Scotiabank dropped their price target on shares of N-able from $11.00 to $8.75 and set a “sector perform” rating on the stock in a research report on Tuesday. Finally, Needham & Company LLC dropped their price target on shares of N-able from $16.50 to $10.00 and set a “buy” rating on the stock in a research report on Monday.

N-able Trading Up 0.9 %

Shares of NYSE:NABL opened at $7.47 on Tuesday. The company has a market cap of $1.39 billion, a PE ratio of 37.33 and a beta of 0.41. The company’s 50-day moving average price is $9.48 and its 200 day moving average price is $10.96. N-able has a fifty-two week low of $6.75 and a fifty-two week high of $15.48. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.43.

Hedge Funds Weigh In On N-able

Hedge funds have recently made changes to their positions in the business. Blue Trust Inc. grew its stake in shares of N-able by 95.5% in the 4th quarter. Blue Trust Inc. now owns 3,128 shares of the company’s stock worth $29,000 after purchasing an additional 1,528 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in shares of N-able in the 4th quarter worth approximately $29,000. Tower Research Capital LLC TRC grew its stake in shares of N-able by 67.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,251 shares of the company’s stock worth $30,000 after purchasing an additional 1,309 shares during the last quarter. KBC Group NV grew its stake in shares of N-able by 104.7% in the 4th quarter. KBC Group NV now owns 5,490 shares of the company’s stock worth $51,000 after purchasing an additional 2,808 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of N-able in the 4th quarter worth approximately $83,000. Institutional investors and hedge funds 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.