Bank of America Reaffirms “Buy” Rating for HubSpot (HUBS)

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HubSpot (NYSE:HUBS)‘s stock had its “buy” rating reissued by equities research analysts at Bank of America in a report released on Wednesday, January 23rd, Marketbeat Ratings reports. They presently have a $185.00 price objective on the software maker’s stock, up from their prior price objective of $180.00. Bank of America‘s target price points to a potential upside of 15.83% from the stock’s current price.

A number of other research firms have also recently issued reports on HUBS. Zacks Investment Research cut HubSpot from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Oppenheimer raised their price objective on HubSpot from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, November 8th. UBS Group began coverage on HubSpot in a report on Thursday, October 4th. They issued a “buy” rating for the company. Morgan Stanley cut their target price on shares of HubSpot from $148.00 to $141.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 23rd. Finally, Stephens began coverage on shares of HubSpot in a research note on Thursday, January 17th. They issued an “overweight” rating and a $191.00 target price for the company. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. HubSpot presently has an average rating of “Buy” and a consensus price target of $152.82.

HUBS stock opened at $159.72 on Wednesday. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.37. HubSpot has a twelve month low of $85.65 and a twelve month high of $162.20.

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HubSpot (NYSE:HUBS) last released its quarterly earnings data on Wednesday, November 7th. The software maker reported ($0.32) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.37). The firm had revenue of $131.83 million during the quarter, compared to the consensus estimate of $126.65 million. HubSpot had a negative net margin of 13.43% and a negative return on equity of 19.13%. HubSpot’s quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 EPS. As a group, sell-side analysts anticipate that HubSpot will post -0.97 earnings per share for the current fiscal year.

In other news, Director Ronald S. Gill sold 4,140 shares of HubSpot stock in a transaction on Monday, November 12th. The shares were sold at an average price of $132.54, for a total transaction of $548,715.60. Following the transaction, the director now owns 18,214 shares in the company, valued at $2,414,083.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Hunter Madeley sold 1,199 shares of the business’s stock in a transaction on Monday, January 14th. The shares were sold at an average price of $137.13, for a total transaction of $164,418.87. Following the completion of the transaction, the insider now owns 35,526 shares in the company, valued at approximately $4,871,680.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,376 shares of company stock worth $9,180,482. 9.60% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in HUBS. CWM LLC acquired a new position in shares of HubSpot during the fourth quarter valued at about $40,000. First Hawaiian Bank acquired a new position in shares of HubSpot during the fourth quarter valued at about $43,000. DekaBank Deutsche Girozentrale raised its holdings in shares of HubSpot by 85.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock valued at $119,000 after purchasing an additional 385 shares during the period. Penserra Capital Management LLC acquired a new position in shares of HubSpot during the third quarter valued at about $160,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of HubSpot during the third quarter valued at about $182,000. Institutional investors and hedge funds own 93.62% of the company’s stock.

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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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