HubSpot (NYSE:HUBS) had its price objective boosted by equities research analysts at Royal Bank of Canada to $167.00 in a report released 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 target price would suggest a potential upside of 1.05% from the stock’s current price.
A number of other research analysts have also weighed in on HUBS. Bank of America lifted their target price on HubSpot to $160.00 and gave the company a “buy” rating in a report on Wednesday, October 17th. Morgan Stanley reduced their target price on HubSpot from $148.00 to $141.00 and set an “equal weight” rating for the company in a report on Tuesday, October 23rd. Oppenheimer lifted their target price on HubSpot from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, November 8th. Raymond James boosted their price objective on HubSpot from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, November 8th. Finally, Zacks Investment Research restated a “hold” rating on shares of HubSpot in a research report on Tuesday, November 13th. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. HubSpot presently has a consensus rating of “Buy” and an average target price of $170.29.
Shares of NYSE:HUBS opened at $165.27 on Wednesday. The firm has a market cap of $6.55 billion, a price-to-earnings ratio of -162.03 and a beta of 1.92. HubSpot has a 1-year low of $101.45 and a 1-year high of $180.00. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 1.30.
HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.37 earnings per share 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 analyst estimates of $137.48 million. HubSpot had a negative return on equity of 17.08% and a negative net margin of 12.44%. The firm’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 EPS. As a group, sell-side analysts forecast that HubSpot will post -1.09 earnings per share for the current year.
In other news, Director Ronald S. Gill sold 4,140 shares of the company’s stock in a transaction on Monday, December 10th. The stock was sold at an average price of $128.15, for a total transaction of $530,541.00. Following the transaction, the director now directly owns 18,214 shares of the company’s stock, valued at $2,334,124.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Brian Halligan sold 15,277 shares of the company’s stock in a transaction on Thursday, December 20th. The shares were sold at an average price of $123.18, for a total value of $1,881,820.86. Following the transaction, the chief executive officer now directly owns 680,046 shares in the company, valued at $83,768,066.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,763 shares of company stock worth $10,819,780. 9.60% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in HUBS. Vanguard Group Inc. lifted its holdings in HubSpot by 3.1% in the third quarter. Vanguard Group Inc. now owns 3,171,764 shares of the software maker’s stock valued at $478,778,000 after acquiring an additional 95,762 shares during the period. Vanguard Group Inc lifted its holdings in HubSpot by 3.1% in the third quarter. Vanguard Group Inc now owns 3,171,764 shares of the software maker’s stock valued at $478,778,000 after acquiring an additional 95,762 shares during the period. Capital Research Global Investors lifted its holdings in HubSpot by 164.5% in the third quarter. Capital Research Global Investors now owns 1,900,059 shares of the software maker’s stock valued at $286,814,000 after acquiring an additional 1,181,611 shares during the period. Jennison Associates LLC lifted its holdings in HubSpot by 2.2% in the fourth quarter. Jennison Associates LLC now owns 963,745 shares of the software maker’s stock valued at $121,172,000 after acquiring an additional 20,323 shares during the period. Finally, Scge Management L.P. lifted its holdings in HubSpot by 10.4% in the third quarter. Scge Management L.P. now owns 878,650 shares of the software maker’s stock valued at $132,632,000 after acquiring an additional 83,000 shares during the period. 95.01% of the stock is currently owned by hedge funds and other 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.
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