HubSpot’s (HUBS) “Buy” Rating Reiterated at Needham & Company LLC

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Needham & Company LLC reissued their buy rating on shares of HubSpot (NYSE:HUBS) in a research report report published on Wednesday, February 13th, MarketBeat Ratings reports. The firm currently has a $198.00 price target on the software maker’s stock, up from their prior price target of $145.00.

HUBS has been the topic of a number of other reports. Zacks Investment Research downgraded shares of HubSpot from a buy rating to a hold rating in a research note on Tuesday, January 29th. Deutsche Bank started coverage on HubSpot in a research report on Friday, January 25th. They issued a hold rating and a $150.00 target price on the stock. Bank of America reissued a buy rating and issued a $185.00 target price (up from $180.00) on shares of HubSpot in a research report on Wednesday, January 23rd. CIBC reissued a market perform rating on shares of HubSpot in a research report on Thursday, January 24th. Finally, Oppenheimer increased their price target on HubSpot from $150.00 to $160.00 and gave the stock an outperform rating in a research report on Thursday, November 8th. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $170.29.

Shares of HubSpot stock traded up $1.10 during trading hours on Wednesday, hitting $165.33. The company’s stock had a trading volume of 13,980 shares, compared to its average volume of 781,414. HubSpot has a 12-month low of $101.45 and a 12-month high of $180.00. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of -162.10 and a beta of 1.92. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 1.30.

HubSpot (NYSE:HUBS) last released its earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.54. The business had revenue of $144.02 million for the quarter, compared to analyst estimates of $137.48 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 35.2% on a year-over-year basis. During the same period last year, the company posted $0.12 EPS. On average, equities analysts expect that HubSpot will post -1.1 earnings per share for the current year.

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In other HubSpot news, CEO Brian Halligan sold 15,277 shares of the business’s stock in a transaction on Thursday, December 20th. The shares were sold at an average price of $123.18, for a total value of $1,881,820.86. Following the sale, the chief executive officer now owns 680,046 shares of the company’s stock, valued at approximately $83,768,066.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel John P. Kelleher sold 508 shares of the business’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $138.54, for a total transaction of $70,378.32. The disclosure for this sale can be found here. Insiders sold 74,763 shares of company stock worth $10,819,780 over the last ninety days. Insiders own 9.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Advisor Group Inc. boosted its position in HubSpot by 10.3% in the fourth quarter. Advisor Group Inc. now owns 1,060 shares of the software maker’s stock worth $133,000 after purchasing an additional 99 shares during the last quarter. Ffcm LLC bought a new stake in shares of HubSpot in the 4th quarter worth $25,000. Harbour Capital Advisors LLC increased its holdings in shares of HubSpot by 1.7% in the 4th quarter. Harbour Capital Advisors LLC now owns 12,037 shares of the software maker’s stock worth $1,513,000 after purchasing an additional 198 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of HubSpot by 13.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,734 shares of the software maker’s stock worth $218,000 after purchasing an additional 200 shares in the last quarter. Finally, Executive Wealth Management LLC bought a new stake in shares of HubSpot in the 4th quarter worth $26,000. 95.01% of the stock is currently owned by hedge funds and other institutional investors.

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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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