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 report published on Tuesday morning,Benzinga reports. Scotiabank currently has a sector perform rating on the stock.

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

N-able Stock Up 0.3 %

Shares of NYSE NABL opened at $7.23 on Tuesday. N-able has a one year low of $6.75 and a one year high of $15.48. 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’s 50 day simple moving average is $9.57 and its two-hundred day simple moving average is $11.01. The stock has a market capitalization of $1.34 billion, a P/E ratio of 36.13 and a beta of 0.42.

Institutional Trading of N-able

Several large investors have recently added to or reduced their stakes in NABL. Entropy Technologies LP bought a new stake in N-able in the third quarter valued at $149,000. Aigen Investment Management LP boosted its holdings in N-able by 38.4% in 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. Victory Capital Management Inc. boosted its holdings in N-able by 14.4% in the third quarter. Victory Capital Management Inc. now owns 55,497 shares of the company’s stock valued at $725,000 after acquiring an additional 7,000 shares in the last quarter. MQS Management LLC bought a new stake in N-able in the third quarter valued at $330,000. Finally, Quest Partners LLC boosted its holdings in N-able by 91.4% in the third quarter. Quest Partners LLC now owns 67,217 shares of the company’s stock valued at $878,000 after acquiring an additional 32,094 shares in the last quarter. Institutional investors own 96.35% of the company’s stock.

About N-able

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.