Several other research firms have also recently commented on HUBS. Evercore ISI set a $175.00 target price on shares of HubSpot and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Cowen set a $170.00 target price on shares of HubSpot and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Raymond James raised their target price on shares of HubSpot from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday, September 5th. Jefferies Financial Group raised their target price on shares of HubSpot from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Finally, Bank of America set a $215.00 target price on shares of HubSpot and gave the stock a “buy” rating in a research note on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $196.60.
Shares of HubSpot stock opened at $164.11 on Thursday. HubSpot has a 1 year low of $108.39 and a 1 year high of $207.98. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.97 and a current ratio of 3.97. The company has a market capitalization of $7.17 billion, a P/E ratio of -160.89 and a beta of 1.67. The company’s fifty day moving average is $188.14 and its two-hundred day moving average is $177.01.
HubSpot (NYSE:HUBS) last released its earnings results on Tuesday, August 6th. The software maker reported ($0.26) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.07. HubSpot had a negative net margin of 9.92% and a negative return on equity of 7.93%. The company had revenue of $163.30 million during the quarter, compared to analysts’ expectations of $157.26 million. During the same quarter last year, the business earned $0.19 EPS. The business’s revenue was up 33.2% on a year-over-year basis. As a group, equities analysts expect that HubSpot will post -0.74 earnings per share for the current year.
In other news, CEO Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $191.99, for a total transaction of $1,631,915.00. Following the transaction, the chief executive officer now directly owns 743,404 shares of the company’s stock, valued at $142,726,133.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Dharmesh Shah sold 29,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $182.30, for a total transaction of $5,286,700.00. Following the transaction, the insider now directly owns 1,498,433 shares in the company, valued at $273,164,335.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 141,147 shares of company stock worth $25,137,197. Corporate insiders own 8.30% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Duncker Streett & Co. Inc. acquired a new position in shares of HubSpot during the second quarter worth $34,000. Capital Investment Advisory Services LLC acquired a new stake in HubSpot in the second quarter valued at $36,000. Pearl River Capital LLC acquired a new stake in HubSpot in the second quarter valued at $48,000. FTB Advisors Inc. raised its holdings in HubSpot by 58.8% in the second quarter. FTB Advisors Inc. now owns 351 shares of the software maker’s stock valued at $59,000 after acquiring an additional 130 shares in the last quarter. Finally, CSat Investment Advisory L.P. acquired a new stake in HubSpot in the second quarter valued at $66,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.
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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