N-able (NYSE:NABL) Reaches New 12-Month Low on Disappointing Earnings

N-able, Inc. (NYSE:NABL - Get Free Report)'s share price reached a new 52-week low during trading on Monday following a weaker than expected earnings announcement. The stock traded as low as $7.38 and last traded at $7.52, with a volume of 303129 shares trading hands. The stock had previously closed at $10.03.The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). N-able had a net margin of 8.08% and a return on equity of 6.31%. Analyst Ratings ChangesA number of research analysts have issued reports on the stock. Royal Bank of Canada cut their price target on shares of N-able from $15.00 to $12.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 21st. BMO Capital Markets reduced their target price on 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. Scotiabank cut their price objective on N-able from $11.20 to $11.00 and set a "sector perform" rating on the stock in a report on Tuesday, January 21st. Finally, Needham & Company LLC restated a "buy" rating and issued a $16.50 price objective on shares of N-able in a research note on Friday, November 22nd.View Our Latest Stock Analysis on N-ableInstitutional Investors Weigh In On N-ableSeveral hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Applied Fundamental Research LLC boosted its stake in shares of N-able by 438.6% in the third quarter. Applied Fundamental Research LLC now owns 815,634 shares of the company's stock worth $10,652,000 after buying an additional 664,198 shares during the last quarter. Barclays PLC lifted its holdings in N-able by 398.2% in the third quarter. Barclays PLC now owns 143,095 shares of the company's stock valued at $1,869,000 after acquiring an additional 114,374 shares during the period. Conestoga Capital Advisors LLC purchased a new stake in N-able in the 4th quarter worth approximately $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 worth $2,104,000 after purchasing an additional 68,320 shares during the period. Finally, Atom Investors LP increased its holdings 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 purchasing an additional 58,087 shares in the last quarter. 96.35% of the stock is owned by institutional investors and hedge funds. N-able Price PerformanceThe stock's fifty day moving average is $9.67 and its 200-day moving average is $11.09. The stock has a market capitalization of $1.42 billion, a PE ratio of 37.95 and a beta of 0.42. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.01 and a quick ratio of 3.01. About N-able (Get Free Report)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.Further ReadingFive stocks we like better than N-ableAre These Liquid Natural Gas Stocks Ready For An Upside Bounce?3M to Hit $175 by Mid-Year, and Higher Highs Are Likely3 Small Caps With Big Return Potential4 Blockchain Stocks That Aren’t CoinbaseWhere Do I Find 52-Week Highs and Lows?These 3 Tech Stocks Are Gaining Steam After NVIDIA’s ReportThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in N-able Right Now?Before you consider N-able, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and N-able wasn't on the list.While N-able currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here