HubSpot (NYSE:HUBS) was upgraded by equities researchers at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a note issued to investors on Thursday, MarketBeat.com reports. The firm currently has a $230.00 price objective on the software maker’s stock, up from their previous price objective of $187.00. Royal Bank of Canada’s target price would indicate a potential upside of 21.59% from the stock’s previous close. The analysts noted that the move was a valuation call.
A number of other analysts also recently weighed in on the company. Evercore ISI set a $175.00 price target on HubSpot and gave the company a “hold” rating in a research note on Wednesday, August 7th. Raymond James lifted their price target on HubSpot from $181.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Morgan Stanley lifted their price target on HubSpot from $175.00 to $186.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. UBS Group initiated coverage on HubSpot in a research note on Tuesday, August 13th. They issued a “buy” rating on the stock. Finally, Deutsche Bank lifted their price target on HubSpot from $168.00 to $180.00 and gave the company a “hold” rating in a research note on Wednesday, May 8th. Eight research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. HubSpot has an average rating of “Buy” and an average price target of $196.60.
HubSpot stock opened at $189.16 on Thursday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.97 and a quick ratio of 3.97. HubSpot has a 1-year low of $108.39 and a 1-year high of $207.98. The company has a market cap of $8.45 billion, a PE ratio of -185.45 and a beta of 1.67. The stock’s 50 day moving average price is $188.80 and its 200 day moving average price is $176.73.
HubSpot (NYSE:HUBS) last posted its quarterly earnings results on Tuesday, August 6th. The software maker reported ($0.26) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.07. HubSpot had a negative return on equity of 7.93% and a negative net margin of 9.92%. The firm had revenue of $163.30 million for the quarter, compared to the consensus estimate of $157.26 million. During the same period in the previous year, the business earned $0.19 earnings per share. The company’s revenue for the quarter was up 33.2% compared to the same quarter last year. On average, equities research analysts anticipate that HubSpot will post -0.74 EPS for the current fiscal year.
In other HubSpot news, CEO Brian Halligan sold 8,500 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $191.99, for a total transaction of $1,631,915.00. Following the sale, the chief executive officer now directly owns 743,404 shares in the company, valued at $142,726,133.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 value of $5,286,700.00. Following the sale, the insider now 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 quarter, insiders have sold 141,147 shares of company stock worth $25,137,197. 8.30% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Atria Investments LLC increased its stake in HubSpot by 35.1% in the second quarter. Atria Investments LLC now owns 2,010 shares of the software maker’s stock valued at $373,000 after purchasing an additional 522 shares during the last quarter. Treasurer of the State of North Carolina acquired a new position in HubSpot in the second quarter valued at $2,725,000. Chartwell Investment Partners LLC acquired a new position in HubSpot in the second quarter valued at $1,077,000. Verition Fund Management LLC acquired a new position in HubSpot in the second quarter valued at $2,275,000. Finally, Vista Equity Partners Management LLC increased its stake in HubSpot by 13.5% in the second quarter. Vista Equity Partners Management LLC now owns 133,138 shares of the software maker’s stock valued at $22,703,000 after purchasing an additional 15,884 shares during the last quarter. Institutional investors own 91.86% of the company’s stock.
HubSpot Company Profile
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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