HubSpot (NYSE:HUBS) had its price target increased by Deutsche Bank from $150.00 to $168.00 in a report released on Wednesday, February 13th. They currently have a hold rating on the software maker’s stock.
A number of other research analysts also recently weighed in on the company. Zacks Investment Research raised HubSpot from a hold rating to a buy rating and set a $170.00 price target on the stock in a research note on Monday, January 28th. Canaccord Genuity upped their price target on HubSpot from $160.00 to $190.00 and gave the stock a buy rating in a research note on Wednesday, February 13th. Needham & Company LLC reaffirmed a buy rating and set a $198.00 price target (up from $145.00) on shares of HubSpot in a research note on Wednesday, February 13th. Morgan Stanley upped their price target on HubSpot from $141.00 to $146.00 and gave the stock an equal weight rating in a research note on Thursday, November 8th. Finally, Oppenheimer upped their price target on HubSpot from $150.00 to $160.00 and gave the stock an outperform rating in a research note on Thursday, November 8th. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $170.29.
Shares of NYSE:HUBS traded up $3.49 during midday trading on Wednesday, reaching $168.76. The company’s stock had a trading volume of 563,666 shares, compared to its average volume of 768,465. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of -165.45 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 has a fifty-two week low of $101.45 and a fifty-two week high of $180.00.
HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.54. The company had revenue of $144.02 million for the quarter, compared to the consensus estimate 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 was up 35.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.12 EPS. Analysts anticipate that HubSpot will post -1.09 EPS for the current year.
In other news, Director Ronald S. Gill sold 4,133 shares of the company’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $166.92, for a total value of $689,880.36. Following the completion of the transaction, the director now directly owns 18,207 shares of the company’s stock, valued at $3,039,112.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel John P. Kelleher sold 389 shares of the company’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $160.54, for a total value of $62,450.06. The disclosure for this sale can be found here. Insiders have sold a total of 74,763 shares of company stock valued at $10,819,780 over the last three months. Corporate insiders own 9.60% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in HubSpot by 46.4% during the second quarter. Dimensional Fund Advisors LP now owns 55,670 shares of the software maker’s stock valued at $6,982,000 after purchasing an additional 17,640 shares during the period. Bank of Montreal Can grew its holdings in HubSpot by 34.6% during the third quarter. Bank of Montreal Can now owns 19,930 shares of the software maker’s stock valued at $3,009,000 after purchasing an additional 5,126 shares during the period. NJ State Employees Deferred Compensation Plan bought a new position in HubSpot during the third quarter valued at $302,000. Capital Impact Advisors LLC grew its holdings in HubSpot by 12.1% during the third quarter. Capital Impact Advisors LLC now owns 19,113 shares of the software maker’s stock valued at $2,866,000 after purchasing an additional 2,065 shares during the period. Finally, Moody Lynn & Lieberson LLC bought a new position in HubSpot during the third quarter valued at $634,000. 95.01% of the stock is owned by institutional investors.
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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