HubSpot (HUBS) Given New $190.00 Price Target at JPMorgan Chase & Co.

HubSpot (NYSE:HUBS) had its target price increased by analysts at JPMorgan Chase & Co. from $180.00 to $190.00 in a note issued to investors on Wednesday, The Fly reports. The firm presently has an “overweight” rating on the software maker’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 5.65% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a research note on Monday, January 28th. Bank of America reiterated a “buy” rating and set a $185.00 price objective (up from $180.00) on shares of HubSpot in a research note on Wednesday, January 23rd. Needham & Company LLC reiterated a “buy” rating and set a $198.00 price objective (up from $145.00) on shares of HubSpot in a research note on Wednesday, February 13th. Canaccord Genuity boosted 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. Finally, Jefferies Financial Group boosted their price objective on shares of HubSpot to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, February 13th. Eight equities research 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 company’s stock. The stock presently has an average rating of “Buy” and an average target price of $187.53.

HUBS traded down $2.08 during trading on Wednesday, hitting $179.84. 990,844 shares of the company’s stock were exchanged, compared to its average volume of 569,816. 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 has a 1 year low of $106.95 and a 1 year high of $186.96. The company has a market cap of $7.75 billion, a P/E ratio of -176.31 and a beta of 1.91.

HubSpot (NYSE:HUBS) last released its quarterly earnings data on Tuesday, May 7th. The software maker reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.10. HubSpot had a negative net margin of 12.44% and a negative return on equity of 17.08%. The company had revenue of $151.80 million during the quarter, compared to the consensus estimate of $147.47 million. During the same period in the previous year, the firm earned $0.15 earnings per share. HubSpot’s revenue for the quarter was up 32.5% on a year-over-year basis. Research analysts anticipate that HubSpot will post -1.1 earnings per share for the current year.

In other news, insider J Donald Sherman sold 25,000 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $165.58, for a total value of $4,139,500.00. Following the completion of the transaction, the insider now directly owns 116,476 shares in the company, valued at $19,286,096.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel John P. Kelleher sold 390 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $172.75, for a total transaction of $67,372.50. Following the transaction, the general counsel now owns 44,735 shares in the company, valued at $7,727,971.25. The disclosure for this sale can be found here. Insiders sold 87,896 shares of company stock valued at $14,700,297 over the last 90 days. Insiders own 9.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of HUBS. Norges Bank bought a new position in HubSpot during the 4th quarter valued at $52,232,000. 1832 Asset Management L.P. boosted its stake in HubSpot by 2,435.9% during the 4th quarter. 1832 Asset Management L.P. now owns 388,000 shares of the software maker’s stock valued at $47,549,000 after acquiring an additional 372,700 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in HubSpot by 358.0% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 362,839 shares of the software maker’s stock valued at $54,771,000 after acquiring an additional 283,609 shares during the last quarter. North Peak Capital Management LLC bought a new position in HubSpot during the 4th quarter valued at $15,397,000. Finally, Polar Capital LLP boosted its stake in HubSpot by 51.4% during the 4th quarter. Polar Capital LLP now owns 309,191 shares of the software maker’s stock valued at $38,875,000 after acquiring an additional 104,956 shares during the last quarter. Hedge funds and other institutional investors own 91.28% 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.