HubSpot Inc (NYSE:HUBS) has been given a consensus rating of “Buy” by the twenty research firms that are presently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $192.36.
HUBS has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. Deutsche Bank assumed coverage on shares of HubSpot in a research report on Friday, January 25th. They set a “hold” rating and a $150.00 price objective on the stock. Bank of America reaffirmed a “buy” rating and set a $185.00 target price (up from $180.00) on shares of HubSpot in a report on Wednesday, January 23rd. CIBC reaffirmed a “market perform” rating on shares of HubSpot in a report on Thursday, January 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $198.00 target price (up from $145.00) on shares of HubSpot in a report on Wednesday, February 13th.
Shares of NYSE HUBS traded up $0.44 during midday trading on Friday, hitting $182.36. The stock had a trading volume of 350,469 shares, compared to its average volume of 574,214. The company has a market cap of $7.75 billion, a PE ratio of -178.78 and a beta of 1.91. HubSpot has a 52 week low of $106.95 and a 52 week high of $186.96. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.01 and a current ratio of 3.01.
HubSpot (NYSE:HUBS) last issued its earnings results on Tuesday, May 7th. The software maker reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.10. The firm had revenue of $151.80 million for the quarter, compared to the consensus estimate of $147.47 million. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The business’s revenue was up 32.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 earnings per share. On average, analysts forecast that HubSpot will post -1.1 earnings per share for the current fiscal year.
In other news, Director Ronald S. Gill sold 4,133 shares of the stock in a transaction on Monday, February 11th. The shares were sold at an average price of $166.92, for a total value of $689,880.36. Following the completion of the sale, the director now directly owns 18,207 shares of the company’s stock, valued at $3,039,112.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel John P. Kelleher sold 390 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $172.75, for a total transaction of $67,372.50. Following the completion of the sale, the general counsel now directly owns 44,735 shares of the company’s stock, valued at $7,727,971.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,896 shares of company stock valued at $14,700,297. Corporate insiders own 9.60% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in HUBS. American International Group Inc. grew its stake in HubSpot by 1.4% during the fourth quarter. American International Group Inc. now owns 24,381 shares of the software maker’s stock valued at $3,065,000 after acquiring an additional 327 shares in the last quarter. Vista Equity Partners Management LLC grew its stake in HubSpot by 40.5% during the fourth quarter. Vista Equity Partners Management LLC now owns 131,366 shares of the software maker’s stock valued at $16,517,000 after acquiring an additional 37,888 shares in the last quarter. Legal & General Group Plc grew its stake in HubSpot by 7.3% during the third quarter. Legal & General Group Plc now owns 13,298 shares of the software maker’s stock valued at $2,007,000 after acquiring an additional 904 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in HubSpot during the fourth quarter valued at $8,698,000. Finally, Mckinley Capital Management LLC Delaware purchased a new position in HubSpot during the fourth quarter valued at $51,000. 91.28% of the stock is owned by hedge funds and other institutional investors.
HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company’s software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.
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