Several other research firms have also weighed in on HUBS. Deutsche Bank lifted their target price on HubSpot from $150.00 to $168.00 and gave the stock a “hold” rating in a report on Wednesday, February 13th. Bank of America boosted their price target on HubSpot from $185.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, February 13th. Canaccord Genuity boosted their price target on HubSpot from $160.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, February 13th. Raymond James boosted their price target on HubSpot from $155.00 to $181.00 and gave the company an “outperform” rating in a report on Wednesday, February 13th. Finally, Needham & Company LLC restated a “buy” rating and issued a $198.00 price target (up from $145.00) on shares of HubSpot in a report on Wednesday, February 13th. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $177.12.
Shares of NYSE:HUBS traded up $1.10 during midday trading on Tuesday, hitting $184.49. The company had a trading volume of 488,429 shares, compared to its average volume of 576,088. HubSpot has a 12 month low of $104.10 and a 12 month high of $186.96. 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 firm has a market capitalization of $7.71 billion, a P/E ratio of -180.87 and a beta of 1.90.
HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.54. HubSpot had a negative return on equity of 17.08% and a negative net margin of 12.44%. 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 company earned $0.12 EPS. The firm’s revenue was up 35.2% on a year-over-year basis. As a group, equities research analysts expect that HubSpot will post -1.09 earnings per share for the current year.
In other HubSpot news, insider Dharmesh Shah sold 28,000 shares of the company’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $166.53, for a total transaction of $4,662,840.00. Following the completion of the sale, the insider now directly owns 1,545,145 shares in the company, valued at $257,312,996.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian Halligan sold 25,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $168.73, for a total transaction of $4,218,250.00. Following the transaction, the chief executive officer now owns 777,390 shares of the company’s stock, valued at $131,169,014.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 87,895 shares of company stock valued at $14,671,594. 9.60% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in HubSpot by 11.4% during the third quarter. Dimensional Fund Advisors LP now owns 61,990 shares of the software maker’s stock valued at $9,357,000 after buying an additional 6,320 shares during the period. Pacer Advisors Inc. acquired a new position in HubSpot during the third quarter valued at $331,000. Advisors Asset Management Inc. acquired a new position in HubSpot during the third quarter valued at $507,000. AQR Capital Management LLC increased its position in HubSpot by 32.7% in the 3rd quarter. AQR Capital Management LLC now owns 19,407 shares of the software maker’s stock worth $2,929,000 after purchasing an additional 4,781 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its position in HubSpot by 35.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 11,130 shares of the software maker’s stock worth $1,680,000 after purchasing an additional 2,900 shares during the last quarter. Institutional investors and hedge funds own 96.78% of the company’s stock.
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.
Recommended Story: What is a Leveraged Buyout (LBO)?
Receive News & Ratings for HubSpot Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for HubSpot and related companies with MarketBeat.com’s FREE daily email newsletter.