HubSpot (HUBS) Given Buy Rating at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of HubSpot (NYSE:HUBS) in a research report report published on Wednesday morning, Marketbeat.com reports. They currently have a $198.00 price target on the software maker’s stock, up from their previous price target of $145.00.

Several other research analysts have also commented on HUBS. Bank of America lifted their price target on shares of HubSpot to $160.00 and gave the company a buy rating in a report on Wednesday, October 17th. Royal Bank of Canada lifted their price target 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. Zacks Investment Research reaffirmed a hold rating on shares of HubSpot in a report on Tuesday, November 13th. Oppenheimer reaffirmed a market perform rating on shares of HubSpot in a report on Thursday, January 24th. Finally, Morgan Stanley lifted their price target on shares of HubSpot from $141.00 to $146.00 and gave the company an equal weight rating in a report on Thursday, November 8th. Nine equities research 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 company currently has an average rating of Buy and an average price target of $170.29.

Shares of HUBS traded down $6.78 during midday trading on Wednesday, hitting $165.09. The company had a trading volume of 44,857 shares, compared to its average volume of 641,991. The company has a market capitalization of $6.39 billion, a P/E ratio of -162.61 and a beta of 1.92. HubSpot has a 52 week low of $95.75 and a 52 week high of $180.00. The company has a debt-to-equity ratio of 1.37, a quick ratio of 3.15 and a current ratio of 3.15.

HubSpot (NYSE:HUBS) last released its earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.54. The company had revenue of $144.02 million during the quarter, compared to the consensus estimate of $137.48 million. HubSpot had a negative net margin of 13.43% and a negative return on equity of 19.13%. The company’s revenue was up 35.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.12 EPS. As a group, sell-side analysts expect that HubSpot will post -0.97 earnings per share for the current fiscal year.

In other HubSpot news, insider Hunter Madeley sold 1,005 shares of the business’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $160.54, for a total transaction of $161,342.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ronald S. Gill sold 4,133 shares of the business’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $166.92, for a total transaction of $689,880.36. Following the sale, the director now owns 18,207 shares in the company, valued at $3,039,112.44. The disclosure for this sale can be found here. Insiders have sold a total of 46,763 shares of company stock valued at $6,156,940 over the last three months. 9.60% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Ffcm LLC acquired a new stake in shares of HubSpot during the fourth quarter valued at approximately $25,000. CWM LLC acquired a new stake in shares of HubSpot during the fourth quarter valued at approximately $40,000. First Hawaiian Bank acquired a new stake in shares of HubSpot during the fourth quarter valued at approximately $43,000. Mckinley Capital Management LLC Delaware acquired a new stake in shares of HubSpot during the fourth quarter valued at approximately $51,000. Finally, DekaBank Deutsche Girozentrale grew its position in 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 in the last quarter. Institutional investors own 93.19% of the company’s stock.

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.