HubSpot (HUBS) Stock Rating Reaffirmed by Oppenheimer

HubSpot (NYSE:HUBS)‘s stock had its “market perform” rating reiterated by investment analysts at Oppenheimer in a research note issued on Thursday, January 24th, MarketBeat reports.

A number of other research analysts have also issued reports on HUBS. UBS Group lowered shares of HubSpot from an “outperform” rating to a “market perform” rating in a report on Thursday, January 24th. Bank of America reiterated a “buy” rating and issued a $185.00 price objective (up previously from $180.00) on shares of HubSpot in a report on Wednesday, January 23rd. Zacks Investment Research lowered shares of HubSpot from a “buy” rating to a “hold” rating in a report on Thursday, January 17th. Stephens began coverage on shares of HubSpot in a report on Thursday, January 17th. They issued an “overweight” rating and a $191.00 price objective for the company. Finally, Morgan Stanley raised their price objective 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 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 stock. The company currently has an average rating of “Buy” and a consensus price target of $170.29.

HUBS traded down $0.08 on Thursday, hitting $166.09. 838,913 shares of the stock were exchanged, compared to its average volume of 716,332. HubSpot has a 12 month low of $101.45 and a 12 month high of $180.00. The company has a quick ratio of 3.15, a current ratio of 3.01 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $6.58 billion, a price-to-earnings ratio of -162.83 and a beta of 1.92.

HubSpot (NYSE:HUBS) last posted its quarterly earnings data 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. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The business had revenue of $144.02 million during the quarter, compared to analysts’ expectations of $137.48 million. During the same quarter in the prior year, the business posted $0.12 earnings per share. HubSpot’s revenue was up 35.2% compared to the same quarter last year. Sell-side analysts anticipate that HubSpot will post -0.99 EPS for the current fiscal year.

In other news, insider J Donald Sherman sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, December 17th. The shares were sold at an average price of $127.08, for a total transaction of $1,906,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald S. Gill sold 4,133 shares of the firm’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 transaction of $689,880.36. Following the sale, the director now directly owns 18,207 shares of the company’s stock, valued at approximately $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 in the last three months. Insiders own 9.60% of the company’s stock.

Several hedge funds have recently made changes to their positions in HUBS. Ffcm LLC acquired a new stake in HubSpot in the 4th quarter valued at $25,000. CWM LLC acquired a new stake in HubSpot in the 4th quarter valued at $40,000. First Hawaiian Bank acquired a new stake in HubSpot in the 4th quarter valued at $43,000. Mckinley Capital Management LLC Delaware acquired a new stake in HubSpot in the 4th quarter valued at $51,000. Finally, DekaBank Deutsche Girozentrale grew its position in HubSpot by 85.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock valued at $119,000 after purchasing an additional 385 shares during the period. 93.19% of the stock is 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.