Shares of HubSpot Inc (NYSE:HUBS) have earned a consensus rating of “Buy” from the twenty research firms that are covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $171.86.
A number of analysts recently commented on the stock. Royal Bank of Canada upped their price target on shares of HubSpot from $138.00 to $147.00 and gave the company a “sector perform” rating in a research note on Thursday, November 8th. Stifel Nicolaus upped their price target on shares of HubSpot from $160.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, February 13th. Zacks Investment Research restated a “hold” rating on shares of HubSpot in a research note on Tuesday, November 13th. Oppenheimer restated a “market perform” rating on shares of HubSpot in a research note on Thursday, January 24th. Finally, Jefferies Financial Group upped their price target on shares of HubSpot to $200.00 and gave the company a “buy” rating in a research note on Wednesday, February 13th.
In other news, insider Dharmesh Shah sold 28,000 shares of the stock in a transaction on Friday, February 15th. The shares were sold at an average price of $166.53, for a total value of $4,662,840.00. Following the transaction, the insider now owns 1,545,145 shares of the company’s stock, valued at approximately $257,312,996.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel John P. Kelleher sold 508 shares of the stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $138.54, for a total transaction of $70,378.32. The disclosure for this sale can be found here. Insiders sold a total of 74,763 shares of company stock worth $10,819,780 over the last quarter. Corporate insiders own 9.60% of the company’s stock.
Several large investors have recently modified their holdings of HUBS. Dimensional Fund Advisors LP grew its holdings in shares of HubSpot by 46.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 55,670 shares of the software maker’s stock valued at $6,982,000 after purchasing an additional 17,640 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of HubSpot by 34.6% during the 3rd quarter. Bank of Montreal Can now owns 19,930 shares of the software maker’s stock valued at $3,009,000 after purchasing an additional 5,126 shares during the last quarter. Moody Lynn & Lieberson LLC bought a new position in shares of HubSpot during the 3rd quarter valued at $634,000. Public Employees Retirement Association of Colorado grew its holdings in shares of HubSpot by 10.9% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 90,820 shares of the software maker’s stock valued at $13,709,000 after purchasing an additional 8,900 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of HubSpot during the 3rd quarter valued at $452,000. 95.01% of the stock is currently owned by hedge funds and other institutional investors.
Shares of HubSpot stock traded down $1.99 on Tuesday, reaching $168.05. 193,717 shares of the company traded hands, compared to its average volume of 768,465. HubSpot has a 52 week low of $101.45 and a 52 week high of $180.00. The company has a market capitalization of $6.69 billion, a P/E ratio of -164.75 and a beta of 1.92. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 1.30.
HubSpot (NYSE:HUBS) last released its earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.54. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The firm had revenue of $144.02 million during the quarter, compared to the consensus estimate of $137.48 million. During the same period in the prior year, the firm earned $0.12 EPS. The company’s revenue was up 35.2% compared to the same quarter last year. Equities analysts expect that HubSpot will post -1.09 EPS for the current fiscal year.
About HubSpot
HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.
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