HubSpot’s (HUBS) “Buy” Rating Reiterated at Guggenheim

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Guggenheim reissued their buy rating on shares of HubSpot (NYSE:HUBS) in a research note issued to investors on Wednesday, March 20th, MarketBeat Ratings reports.

HUBS has been the topic of several other reports. Stifel Nicolaus raised their price target on shares of HubSpot from $160.00 to $185.00 and gave the stock a buy rating in a research report on Wednesday, February 13th. Oppenheimer restated a market perform rating on shares of HubSpot in a research report on Thursday, January 24th. Jefferies Financial Group raised their price target on shares of HubSpot to $200.00 and gave the stock a buy rating in a research report on Wednesday, February 13th. Deutsche Bank began coverage on shares of HubSpot in a research report on Friday, January 25th. They issued a hold rating and a $150.00 price target on the stock. Finally, CIBC restated a market perform rating on shares of HubSpot in a research report on Thursday, January 24th. Eight 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 company. The company currently has an average rating of Buy and an average target price of $175.31.

NYSE:HUBS opened at $166.21 on Wednesday. HubSpot has a 1 year low of $101.45 and a 1 year high of $180.00. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $6.58 billion, a P/E ratio of -162.95 and a beta of 1.91.

HubSpot (NYSE:HUBS) last posted its earnings results 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. 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 for the quarter, compared to analyst estimates of $137.48 million. During the same period last year, the business posted $0.12 EPS. HubSpot’s revenue was up 35.2% compared to the same quarter last year. Research analysts forecast that HubSpot will post -1.09 EPS for the current year.

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In related news, Director Ronald S. Gill sold 4,140 shares of HubSpot stock in a transaction dated Thursday, January 10th. The shares were sold at an average price of $137.86, for a total transaction of $570,740.40. Following the completion of the transaction, the director now directly owns 18,214 shares of the company’s stock, valued at approximately $2,510,982.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel John P. Kelleher sold 972 shares of HubSpot stock in a transaction dated Thursday, January 3rd. The shares were sold at an average price of $122.60, for a total transaction of $119,167.20. Following the transaction, the general counsel now directly owns 39,659 shares of the company’s stock, valued at $4,862,193.40. The disclosure for this sale can be found here. Insiders have sold a total of 91,366 shares of company stock valued at $15,052,552 over the last three months. 9.60% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. American International Group Inc. lifted its holdings in HubSpot by 1.4% during the 4th quarter. American International Group Inc. now owns 24,381 shares of the software maker’s stock valued at $3,065,000 after purchasing an additional 327 shares during the last quarter. Legal & General Group Plc raised its stake in shares of HubSpot by 7.3% in the third quarter. Legal & General Group Plc now owns 13,298 shares of the software maker’s stock worth $2,007,000 after acquiring an additional 904 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of HubSpot in the fourth quarter worth about $8,698,000. Mckinley Capital Management LLC Delaware bought a new position in shares of HubSpot in the fourth quarter worth about $51,000. Finally, MetLife Investment Advisors LLC raised its stake in shares of HubSpot by 50.2% in the third quarter. MetLife Investment Advisors LLC now owns 24,742 shares of the software maker’s stock worth $3,735,000 after acquiring an additional 8,264 shares during the last quarter. 96.77% of the stock is owned by hedge funds and other institutional investors.

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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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Analyst Recommendations for HubSpot (NYSE:HUBS)

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