Stock analysts at Stephens initiated coverage on shares of HubSpot (NYSE:HUBS) in a research note issued to investors on Thursday. The brokerage set an “overweight” rating and a $191.00 price target on the software maker’s stock. Stephens’ price objective would indicate a potential upside of 31.78% from the stock’s current price.
A number of other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Oppenheimer lifted their price target on shares of HubSpot from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, November 8th. UBS Group began coverage on shares of HubSpot in a research note on Thursday, October 4th. They set a “buy” rating for the company. Morgan Stanley dropped their price target 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, Rosenblatt Securities began coverage on shares of HubSpot in a research note on Thursday, October 4th. They set a “buy” rating and a $170.00 price target for the company. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. HubSpot presently has a consensus rating of “Buy” and a consensus target price of $150.69.
Shares of HUBS opened at $144.94 on Thursday. The company has a market cap of $5.73 billion, a P/E ratio of -142.10 and a beta of 1.80. 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.
HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Wednesday, November 7th. The software maker reported ($0.32) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.37). HubSpot had a negative net margin of 13.43% and a negative return on equity of 19.13%. The firm had revenue of $131.83 million for the quarter, compared to the consensus estimate of $126.65 million. During the same period last year, the business earned $0.03 EPS. HubSpot’s revenue was up 34.9% on a year-over-year basis. On average, sell-side analysts anticipate that HubSpot will post -0.98 EPS for the current fiscal year.
In other HubSpot news, General Counsel John P. Kelleher sold 972 shares of the business’s stock in a transaction on Thursday, January 3rd. The shares were sold at an average price of $122.60, for a total value of $119,167.20. Following the transaction, the general counsel now directly owns 39,659 shares of the company’s stock, valued at approximately $4,862,193.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel John P. Kelleher sold 508 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $140.95, for a total transaction of $71,602.60. Following the completion of the transaction, the general counsel now directly owns 37,460 shares in the company, valued at $5,279,987. The disclosure for this sale can be found here. Insiders have sold a total of 73,884 shares of company stock valued at $9,389,695 in the last 90 days. Insiders own 9.60% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. First Hawaiian Bank acquired a new position in shares of HubSpot during the fourth quarter valued at $43,000. DekaBank Deutsche Girozentrale grew its holdings in shares of HubSpot by 85.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock worth $119,000 after purchasing an additional 385 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in shares of HubSpot during the 3rd quarter worth approximately $160,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of HubSpot during the 3rd quarter worth approximately $182,000. Finally, Global X Management Co LLC acquired a new stake in shares of HubSpot during the 2nd quarter worth approximately $172,000. 93.63% of the stock is currently owned by institutional investors.
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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