HubSpot (NYSE:HUBS) had its target price increased by stock analysts at Royal Bank of Canada to $167.00 in a research report issued to clients and investors on Wednesday, February 13th, The Fly reports. The firm presently has a “market perform” rating on the software maker’s stock. Royal Bank of Canada’s price objective points to a potential downside of 2.86% from the company’s previous close.
Several other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of HubSpot to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 13th. Jefferies Financial Group upped their price target on shares of HubSpot to $200.00 and gave the company a “buy” rating in a research report on Wednesday, February 13th. Raymond James upped their price target on shares of HubSpot from $155.00 to $181.00 and gave the company an “outperform” rating in a research report on Wednesday, February 13th. Deutsche Bank upped their price target on shares of HubSpot from $150.00 to $168.00 and gave the company a “hold” rating in a research report on Wednesday, February 13th. Finally, Canaccord Genuity upped their price target on shares of HubSpot from $160.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, February 13th. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $170.29.
Shares of HUBS stock opened at $171.92 on Wednesday. HubSpot has a 1 year low of $101.45 and a 1 year high of $180.00. The company has a market capitalization of $6.75 billion, a P/E ratio of -168.55 and a beta of 1.92. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.01 and a quick ratio of 3.01.
HubSpot (NYSE:HUBS) last announced its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping the 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 12.44% and a negative return on equity of 17.08%. The company’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.12 earnings per share. As a group, analysts predict that HubSpot will post -1.09 earnings per share for the current year.
In other HubSpot news, insider Dharmesh Shah sold 28,000 shares of the stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $166.53, for a total value of $4,662,840.00. Following the completion of the sale, the insider now owns 1,545,145 shares in the company, valued at approximately $257,312,996.85. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel John P. Kelleher sold 972 shares of the firm’s stock in a transaction that occurred on Thursday, January 3rd. The stock was sold at an average price of $122.60, for a total transaction of $119,167.20. Following the sale, the general counsel now owns 39,659 shares of the company’s stock, valued at approximately $4,862,193.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 74,763 shares of company stock valued at $10,819,780. Company insiders own 9.60% of the company’s stock.
Several hedge funds have recently modified their holdings of HUBS. Capital Research Global Investors increased its stake in shares of HubSpot by 164.5% during the 3rd quarter. Capital Research Global Investors now owns 1,900,059 shares of the software maker’s stock worth $286,814,000 after purchasing an additional 1,181,611 shares during the last quarter. 1832 Asset Management L.P. increased its stake in shares of HubSpot by 2,435.9% during the 4th quarter. 1832 Asset Management L.P. now owns 388,000 shares of the software maker’s stock worth $47,549,000 after purchasing an additional 372,700 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in HubSpot by 358.0% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 362,839 shares of the software maker’s stock worth $54,771,000 after buying an additional 283,609 shares during the period. North Peak Capital Management LLC bought a new position in HubSpot in the 4th quarter worth approximately $15,397,000. Finally, Polar Capital LLP boosted its holdings in HubSpot by 51.4% in the 4th quarter. Polar Capital LLP now owns 309,191 shares of the software maker’s stock worth $38,875,000 after buying an additional 104,956 shares during the period. Institutional investors own 95.01% 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.
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