BMO Capital Markets reissued their market perform rating on shares of N-able (NYSE:NABL – Free Report) in a report issued on Tuesday,Benzinga reports. The firm currently has a $8.50 price objective on the stock, down from their previous price objective of $13.50.
A number of other research firms have also commented on NABL. Needham & Company LLC lowered their price objective on N-able from $16.50 to $10.00 and set a “buy” rating on the stock in a research note on Monday. Royal Bank of Canada decreased their target price on shares of N-able from $12.00 to $10.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, Scotiabank dropped their price objective on shares of N-able from $11.00 to $8.75 and set a “sector perform” rating for the company in a report on Tuesday.
Read Our Latest Stock Report on N-able
N-able Stock Up 0.3 %
Institutional Trading of N-able
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in shares of N-able by 95.5% during the 4th quarter. Blue Trust Inc. now owns 3,128 shares of the company’s stock valued at $29,000 after purchasing an additional 1,528 shares in the last quarter. Aquatic Capital Management LLC bought a new position in shares of N-able during the 4th quarter worth approximately $29,000. Tower Research Capital LLC TRC grew its position in shares of N-able by 67.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,251 shares of the company’s stock worth $30,000 after buying an additional 1,309 shares during the period. KBC Group NV increased 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 valued at $51,000 after acquiring an additional 2,808 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of N-able during the 4th quarter valued at $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.
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