Deutsche Bank Boosts HubSpot (HUBS) Price Target to $168.00

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HubSpot (NYSE:HUBS) had its target price lifted by Deutsche Bank from $150.00 to $168.00 in a research report sent to investors on Wednesday, February 13th. Deutsche Bank currently has a hold rating on the software maker’s stock.

Several other research firms have also issued reports on HUBS. Bank of America boosted their target price on shares of HubSpot to $160.00 and gave the company a buy rating in a report on Wednesday, October 17th. Morgan Stanley dropped their target price on shares of HubSpot from $148.00 to $141.00 and set an equal weight rating on the stock in a report on Tuesday, October 23rd. Royal Bank of Canada boosted their target price on shares of HubSpot from $138.00 to $147.00 and gave the company a sector perform rating in a report on Thursday, November 8th. Oppenheimer lifted their price target on shares of HubSpot from $150.00 to $160.00 and gave the company an outperform rating in a research note on Thursday, November 8th. Finally, Raymond James boosted their price target on shares of HubSpot from $150.00 to $155.00 and gave the stock an outperform rating in a report on Thursday, November 8th. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $170.29.

Shares of NYSE:HUBS traded up $0.45 during mid-day trading on Wednesday, reaching $165.72. 3,622 shares of the company’s stock were exchanged, compared to its average volume of 778,072. The firm has a market cap of $6.61 billion, a PE ratio of -163.53 and a beta of 1.92. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.01 and a current ratio of 3.01. HubSpot has a twelve month low of $101.45 and a twelve month high of $180.00.

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HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.54. The company had revenue of $144.02 million for the quarter, compared to analyst estimates of $137.48 million. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. HubSpot’s revenue was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 earnings per share. Sell-side analysts forecast that HubSpot will post -1.09 EPS for the current year.

In other HubSpot news, CEO Brian Halligan sold 15,277 shares of the business’s stock in a transaction on Thursday, December 20th. The stock was sold at an average price of $123.18, for a total transaction of $1,881,820.86. Following the sale, the chief executive officer now directly owns 680,046 shares in the company, valued at $83,768,066.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider J Donald Sherman sold 15,000 shares of the business’s stock in a transaction on Monday, December 17th. The stock was sold at an average price of $127.08, for a total value of $1,906,200.00. The disclosure for this sale can be found here. Insiders have sold 74,763 shares of company stock worth $10,819,780 in the last ninety days. 9.60% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Nordea Investment Management AB lifted its position in shares of HubSpot by 7.6% in the fourth quarter. Nordea Investment Management AB now owns 33,292 shares of the software maker’s stock valued at $4,186,000 after acquiring an additional 2,364 shares in the last quarter. Executive Wealth Management LLC purchased a new position in HubSpot during the fourth quarter worth about $26,000. Amalgamated Bank lifted its position in HubSpot by 150.4% during the fourth quarter. Amalgamated Bank now owns 5,331 shares of the software maker’s stock worth $670,000 after buying an additional 3,202 shares during the period. Millennium Management LLC lifted its position in HubSpot by 8.6% during the fourth quarter. Millennium Management LLC now owns 184,509 shares of the software maker’s stock worth $23,198,000 after buying an additional 14,681 shares during the period. Finally, Vista Equity Partners Management LLC lifted its position in HubSpot by 40.5% during the fourth quarter. Vista Equity Partners Management LLC now owns 131,366 shares of the software maker’s stock worth $16,517,000 after buying an additional 37,888 shares during the period. Institutional investors and hedge funds own 95.01% of the company’s stock.

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HubSpot Company Profile

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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