Impact Partnership Wealth LLC Invests $104,000 in N-able, Inc. (NYSE:NABL)

Impact Partnership Wealth LLC bought a new position in N-able, Inc. (NYSE:NABL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,148 shares of the company’s stock, valued at approximately $104,000.

Other large investors have also recently modified their holdings of the company. Mackenzie Financial Corp grew its stake in N-able by 2.2% during the second quarter. Mackenzie Financial Corp now owns 40,497 shares of the company’s stock valued at $617,000 after acquiring an additional 866 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in N-able by 22.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 15,176 shares of the company’s stock valued at $142,000 after acquiring an additional 2,764 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in N-able by 9.5% during the second quarter. The Manufacturers Life Insurance Company now owns 42,369 shares of the company’s stock valued at $645,000 after acquiring an additional 3,662 shares in the last quarter. Aigen Investment Management LP grew its stake in N-able by 38.4% during the third quarter. Aigen Investment Management LP now owns 13,915 shares of the company’s stock valued at $182,000 after acquiring an additional 3,863 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in N-able by 2.7% during the third quarter. Janus Henderson Group PLC now owns 253,481 shares of the company’s stock valued at $3,310,000 after acquiring an additional 6,570 shares in the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

N-able Trading Up 0.4 %

Shares of NABL opened at $9.67 on Friday. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 48.33 and a beta of 0.41. 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 fifty-two week low of $8.91 and a fifty-two week high of $15.48. The firm has a 50 day moving average price of $9.80 and a 200-day moving average price of $11.79.

N-able (NYSE:NABL) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $116.40 million during the quarter, compared to analyst estimates of $114.75 million. N-able had a net margin of 8.08% and a return on equity of 6.31%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.03 EPS. As a group, equities research analysts forecast that N-able, Inc. will post 0.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on NABL shares. BMO Capital Markets cut 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. Needham & Company LLC reissued a “buy” rating and issued a $16.50 price target on shares of N-able in a research note on Friday, November 22nd. Scotiabank cut their price target on shares of N-able from $11.20 to $11.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada cut their price target on shares of N-able from $15.00 to $12.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st.

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.