HubSpot (NYSE:HUBS) had its target price boosted by JPMorgan Chase & Co. to $180.00 in a research report sent to investors on Wednesday, February 13th, The Fly reports. The brokerage currently has an overweight rating on the software maker’s stock.
Several other equities research analysts have also commented on HUBS. 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 report on Wednesday, February 13th. Zacks Investment Research raised shares of HubSpot from a hold rating to a buy rating and set a $170.00 price target on the stock in a report on Monday, January 28th. 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 report on Wednesday, February 13th. 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 report on Wednesday, February 13th. Finally, Needham & Company LLC reissued a buy rating and set a $198.00 target price (up from $145.00) on shares of HubSpot in a research note on Wednesday, February 13th. Nine equities research 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’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $170.29.
NYSE:HUBS traded down $1.39 during mid-day trading on Wednesday, hitting $164.23. The company’s stock had a trading volume of 559,859 shares, compared to its average volume of 706,907. HubSpot has a 1 year low of $101.45 and a 1 year high of $180.00. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.01 and a current ratio of 3.01. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of -161.01 and a beta of 1.92.
HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, beating the 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 company had revenue of $144.02 million for the quarter, compared to analyst estimates of $137.48 million. During the same period in the prior year, the company earned $0.12 earnings per share. The firm’s revenue was up 35.2% on a year-over-year basis. As a group, equities research analysts predict that HubSpot will post -1.1 earnings per share for the current fiscal year.
In related news, insider J Donald Sherman sold 15,000 shares of the business’s stock in a transaction dated Monday, December 17th. The shares were sold at an average price of $127.08, for a total transaction of $1,906,200.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ronald S. Gill sold 4,133 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $3,039,112.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 74,763 shares of company stock worth $10,819,780. 9.60% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in HubSpot by 3.1% during the third quarter. Vanguard Group Inc. now owns 3,171,764 shares of the software maker’s stock worth $478,778,000 after buying an additional 95,762 shares in the last quarter. Vanguard Group Inc boosted its holdings in HubSpot by 3.1% during the third quarter. Vanguard Group Inc now owns 3,171,764 shares of the software maker’s stock worth $478,778,000 after buying an additional 95,762 shares in the last quarter. Capital Research Global Investors boosted its holdings in HubSpot by 164.5% during the third quarter. Capital Research Global Investors now owns 1,900,059 shares of the software maker’s stock worth $286,814,000 after buying an additional 1,181,611 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of 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 purchasing an additional 20,323 shares in the last quarter. Finally, Scge Management L.P. lifted its holdings in shares of 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 purchasing an additional 83,000 shares in the last quarter. 95.01% of the stock is currently owned by hedge funds and other 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.
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