Guggenheim reaffirmed their buy rating on shares of HubSpot (NYSE:HUBS) in a research report report published on Wednesday, March 20th, BenzingaRatingsTable reports.
Several other brokerages have also recently commented on HUBS. Zacks Investment Research upgraded shares of HubSpot from a hold rating to a buy rating and set a $179.00 price target for the company in a research report on Monday, February 4th. Canaccord Genuity lifted their price objective on shares of HubSpot from $160.00 to $190.00 and gave the stock a buy rating in a research note on Wednesday, February 13th. Raymond James lifted their price objective on shares of HubSpot from $155.00 to $181.00 and gave the stock an outperform rating in a research note on Wednesday, February 13th. Needham & Company LLC reaffirmed a buy rating and issued a $198.00 price target (up previously from $145.00) on shares of HubSpot in a research note on Wednesday, February 13th. Finally, Royal Bank of Canada lifted their price target on shares of HubSpot to $167.00 and gave the company a market perform rating in a research note on Wednesday, February 13th. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $175.31.
HUBS opened at $166.21 on Wednesday. The company has a quick ratio of 3.01, 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 -162.95 and a beta of 1.91. HubSpot has a 1-year low of $101.45 and a 1-year high of $180.00.
HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $137.48 million. During the same quarter in the previous year, the company earned $0.12 EPS. HubSpot’s revenue was up 35.2% on a year-over-year basis. As a group, equities research analysts forecast that HubSpot will post -1.09 EPS for the current year.
In other news, insider Hunter Madeley sold 1,199 shares of the business’s stock in a transaction dated Monday, January 14th. The shares were sold at an average price of $137.13, for a total value of $164,418.87. Following the completion of the sale, the insider now owns 35,526 shares of the company’s stock, valued at $4,871,680.38. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel John P. Kelleher sold 972 shares of the company’s stock in a transaction dated Thursday, January 3rd. The stock was sold at an average price of $122.60, for a total transaction of $119,167.20. Following the sale, the general counsel now directly owns 39,659 shares of the company’s stock, valued at approximately $4,862,193.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 91,366 shares of company stock worth $15,052,552. Corporate insiders own 9.60% of the company’s stock.
Several hedge funds have recently bought and sold shares of HUBS. SG Americas Securities LLC lifted its holdings in shares of HubSpot by 118.4% in the third quarter. SG Americas Securities LLC now owns 6,055 shares of the software maker’s stock worth $914,000 after acquiring an additional 3,283 shares during the last quarter. Swiss National Bank increased its stake in shares of HubSpot by 1.4% in the third quarter. Swiss National Bank now owns 63,600 shares of the software maker’s stock valued at $9,600,000 after buying an additional 900 shares during the period. American International Group Inc. increased its stake in shares of HubSpot by 1.8% in the third quarter. American International Group Inc. now owns 24,054 shares of the software maker’s stock valued at $3,631,000 after buying an additional 434 shares during the period. DekaBank Deutsche Girozentrale increased its stake in shares of HubSpot by 85.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 835 shares of the software maker’s stock valued at $119,000 after buying an additional 385 shares during the period. Finally, Trexquant Investment LP increased its stake in shares of HubSpot by 82.5% in the third quarter. Trexquant Investment LP now owns 16,848 shares of the software maker’s stock valued at $2,543,000 after buying an additional 7,614 shares during the period. 96.77% of the stock is 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. 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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