272 Capital LP Has $2.90 Million Holdings in N-able, Inc. (NYSE:NABL)

272 Capital LP lifted its holdings in shares of N-able, Inc. (NYSE:NABL) by 13.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 221,663 shares of the company’s stock after purchasing an additional 25,454 shares during the period. N-able accounts for 1.5% of 272 Capital LP’s holdings, making the stock its 25th biggest holding. 272 Capital LP owned about 0.12% of N-able worth $2,895,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NABL. SG Americas Securities LLC acquired a new position in shares of N-able during the second quarter worth $586,000. Stanley Laman Group Ltd. raised its stake in N-able by 25.7% during the second quarter. Stanley Laman Group Ltd. now owns 212,406 shares of the company’s stock worth $3,235,000 after buying an additional 43,454 shares during the last quarter. Summit Global Investments bought a new position in N-able during the second quarter worth $191,000. Louisiana State Employees Retirement System raised its stake in N-able by 2.6% during the second quarter. Louisiana State Employees Retirement System now owns 35,300 shares of the company’s stock worth $538,000 after buying an additional 900 shares during the last quarter. Finally, Summit Securities Group LLC bought a new position in N-able during the second quarter worth $30,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NABL. 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. Scotiabank raised shares of N-able to a “hold” rating in a research note on Friday, December 6th. BMO Capital Markets decreased 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 note on Friday, November 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $15.00 price target on shares of N-able in a research note on Thursday, November 21st.

N-able Trading Up 0.1 %

NYSE:NABL opened at $10.37 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.01 and a quick ratio of 3.01. The firm has a 50-day moving average of $11.47 and a 200-day moving average of $12.84. The company has a market cap of $1.93 billion, a PE ratio of 51.85 and a beta of 0.38. N-able, Inc. has a one year low of $9.98 and a one year high of $15.48.

N-able (NYSE:NABL) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.13 earnings per share for the quarter, topping 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 earned $0.03 earnings per share. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, equities research analysts expect that N-able, Inc. will post 0.27 EPS for the current fiscal year.

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.