CIBC Reaffirms Market Perform Rating for HubSpot (NYSE:HUBS)

CIBC reiterated their market perform rating on shares of HubSpot (NYSE:HUBS) in a research note published on Thursday, January 24th.

Several other equities analysts have also recently issued reports on HUBS. Zacks Investment Research upgraded shares of HubSpot from a hold rating to a buy rating and set a $158.00 target price for the company in a research note on Tuesday, January 15th. Morgan Stanley upped their price objective on shares of HubSpot from $141.00 to $146.00 and gave the stock an equal weight rating in a research report on Thursday, November 8th. Oppenheimer upped their price objective on shares of HubSpot from $150.00 to $160.00 and gave the stock an outperform rating in a research report on Thursday, November 8th. Raymond James upped their price objective on shares of HubSpot from $150.00 to $155.00 and gave the stock an outperform rating in a research report on Thursday, November 8th. Finally, Rosenblatt Securities started coverage on shares of HubSpot in a research report on Thursday, October 4th. They set a buy rating and a $170.00 price objective for the company. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. HubSpot has a consensus rating of Buy and an average price target of $170.29.

HUBS stock opened at $166.09 on Thursday. The firm has a market capitalization of $6.58 billion, a PE ratio of -162.83 and a beta of 1.92. The company has a current ratio of 3.01, a quick ratio of 3.15 and a debt-to-equity ratio of 1.30. HubSpot has a 12 month low of $101.45 and a 12 month high of $180.00.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, beating the 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 business had revenue of $144.02 million for 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 business’s revenue for the quarter was up 35.2% on a year-over-year basis. On average, research analysts expect that HubSpot will post -0.99 EPS for the current fiscal year.

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In other HubSpot news, Director Ronald S. Gill sold 4,140 shares of the stock in a transaction dated Monday, December 10th. The shares were sold at an average price of $128.15, for a total transaction of $530,541.00. Following the completion of the transaction, the director now owns 18,214 shares of the company’s stock, valued at $2,334,124.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel John P. Kelleher sold 389 shares of the stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $160.54, for a total transaction of $62,450.06. The disclosure for this sale can be found here. Insiders sold 46,763 shares of company stock valued at $6,156,940 in the last three months. 9.60% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in HUBS. Legal & General Group Plc boosted its stake in shares of HubSpot by 7.3% in the third quarter. Legal & General Group Plc now owns 13,298 shares of the software maker’s stock valued at $2,007,000 after purchasing an additional 904 shares during the period. Raymond James & Associates boosted its stake in shares of HubSpot by 4.0% in the second quarter. Raymond James & Associates now owns 20,444 shares of the software maker’s stock valued at $2,564,000 after purchasing an additional 782 shares during the period. MetLife Investment Advisors LLC boosted its stake in shares of HubSpot by 50.2% in the third quarter. MetLife Investment Advisors LLC now owns 24,742 shares of the software maker’s stock valued at $3,735,000 after purchasing an additional 8,264 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of HubSpot in the third quarter valued at approximately $452,000. Finally, Columbia Partners L.L.C. Investment Management boosted its stake in shares of HubSpot by 43.9% in the third quarter. Columbia Partners L.L.C. Investment Management now owns 42,292 shares of the software maker’s stock valued at $6,383,000 after purchasing an additional 12,912 shares during the period. 93.19% of the stock is owned by institutional investors.

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.